GST rate reduced in real estate sector and other key changes in 33rd GST council meet



Real estate sector is one of the largest contributors to the national GDP and provides employment opportunity to large numbers of people. Housing for All by 2022 envisions that every citizen would have a house and the urban areas would be free of slums. There are reports of slowdown in the sector and low off-take of under-construction houses which needs to be addressed. To boost the residential segment of the real estate sector, following recommendations were made by the GST Council in its 33rdm
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