New GST real estate rate to be applicable from April, source 80% materials from registered dealer

The  GST Council Tuesday approved a transition plan for the implementation of new  tax structure for the  real estate sector with applicable rules for housing units being applicable from April 1, 2019. The Council also decided that under construction projects will have an option to shift to new rate. The  GST Council in its 33rd meeting on February 24, 2019 had come up with new…