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GST council reduces 5% on under-construction homes

The GST council on  Sunday reduces the tax rate of  5%  for under construction houses which is a big relief for the home buyers. The council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent and expanded the scope of affordable housing to those costing up to Rs 45 lakh and measuring 60 sq metre in metros and 90 sq metre in non-metro cities.  The Finance Minister Arun Jaitley said that the new tax rate wi be applicable from 1st  April 2019. Currently, the GST is…

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