Home buyers have no say in choice of GST rate: FinMin

A home buyer cannot decide which GST rate will be applicable on the amount remaining on an under-construction flat. A lowered duty was made applicable on April 1. Builders have time till Friday, May 10, to exercise a one-time option of sticking to the old rate or going for the new one. The Finance Ministry has come out with Frequently Asked Questions (FAQs) on the new GST slabs for the real estate…