GST cut likely for incomplete realty projects

The New Year has opened on a positive note for homebuyers with the government extending the benefit of Credit Linked Subsidy Scheme (CLSS) for mid segment home buyers up to March 2020. More cheers are awaited, however, since the Goods and Services Tax (GST) Council in its meeting on January 10 is likely to announce a reduction in GST to 5 per cent on under-construction property. Currently, 12 per…