4 Points On GST Implications On Housing Projects That You Should Know

Back in February, the GST (Goods and Service Tax) council announced a relief on GST rates applicable on under-construction houses. With effect from 1 April 2019, GST on affordable houses were reduced from 8 percent to 1 percent and tax on other houses were lowered from 12 percent to 5 percent. The decision was made to promote the government's 'housing-for-all' policy further. This change is expect…