Tag Archives: slashed

GST rates on real estate slashed to boost key sector

Arun Jaitley(REUTERS FILE PHOTO) The Goods and Services Tax Council decided on Sunday to cut the tax on under-construction houses to 1% for properties valued up to ₹45 lakh and to 5% for those in the premium segment in order to boost the troubled real estate sector and provide relief to aspiring homebuyers. The rates will be brought down from Read More