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Buyers to gain from GST rate cut

GST rate cut will be a huge boost for the real estate sector, especially the under-construction segment. The recent rate cut in Goods and Services Tax (GST) for the under-construction housing projects has been looked upon as a move that will rekindle buyers’ interest in these projects. A drastic reduction in GST levied on under-construction affordable housing projects from 8 percent to 1 percent, and from 12 percent to 5 percent for other under-construction housing projects will go miles to bring the sector back on track that has been reeling under pressure for quite some time, argue experts. The […]

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