GST Rate Cut
2/26/2019 12:00:00 AM
GST Rates on Affordable Homes will be cut to 1% from 8%
GST Rates on Under - Construction Homes which does not come under Affordable Homes will be 5% which was 12% earlier
Definition of affordable is changed to 90 sq mtr and 60 sq mtr for non-metro and metro with a capping of Rs 45 lakh for both.
The new tax rates will come into effect from April 1, 2019
-- Select City --