New GST rates for under-construction house/flat: Practical dilemma

CA Nilesh Mahajan , Last updated: 03 March 2019  
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To reduce the burden of GST on home buyers, GST council in its 33rd meeting has reduced the rate to 5% without input tax credit ('ITC') for non-affordable houses and 1% without ITC for affordable houses where affordable houses are defined as residential house/flat of carpet area upto 90 sqm in non-m

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Published by

CA Nilesh Mahajan
(Chartered Accountant)
Category GST   Report

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