GST Council may reduce rates on construction material to 18%

The goods and services tax (GST) Council will consider a proposal to reduce GST rates on more items used in construction to 18% from 28%, as the government looks to create more jobs and boost the economy ahead of the 2019 general elections.  If the GST Council approves the proposal in its 19 July meeting, it could be a shot in the arm for both homebuyers and builders. The idea is to bring dow…