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Govt panel favours lowering GST on under-construction flats to 5%
short by Pragya Swastik / on 09 Feb 2019,Saturday
A seven-member ministerial panel led by Gujarat Deputy CM Nitin Patel favoured the lowering of the Goods and Services Tax (GST) on under-construction flats to 5% without credit for taxes paid on raw materials. Currently, GST on under-construction properties is 12% after allowing for the cost of land. Properties, where the construction is completed, attracts only stamp duty, not GST.
short by Pragya Swastik / 03:51 pm on 09 Feb
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