Homebuyers are in for a relief from 1st April 2019 as GST rates on under construction homes have been slashed from 12 to 5 and in affordable housing from 8 to 1 The GST council also expanded the scope of affordable housing to homes costing up to 45 lakh and measuring 60 sq metre in metros and 90 sq metre in non metro cities
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Homebuyers are in for a relief from 1st April 2019 as GST rates on under construction homes have been slashed from 12% to 5% and in affordable housing from 8% to 1%. The GST council also expanded the scope of affordable housing to homes costing up to 45 lakh and measuring 60 sq. metre in metros and 90 sq. metre in non-metro cities.
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