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GoM looking to raise affordable housing limit to ₹56 lakh: Report
short by Bhawana Chaudhary / on Saturday, 26 October, 2024
Group of Ministers (GoM), which deliberates on GST-related decisions, is looking to raise affordable housing price limit from ₹45 lakh/unit to ₹56 lakh/unit, CNBC-TV18 reported. This will make more houses eligible for 1% GST rate on affordable housing without input tax credit. GoM also discussed if GST should apply only on construction cost and not on housing projects' land component.
read more at CNBC-TV18