Back to Career News

Big News for Affordable Housing: Zero or 3% GST on The Cards

February 11, 2019

Big News for Affordable Housing: Zero or 3% GST on The Cards
To woo more buyers in the real estate market, the government is mulling over two bold moves which are charging zero GST on properties that are categorized under “affordable housing”, or charging a 3% GST rate instead.

A government official said that the central government is favoring the zero GST rate on affordable housing. However, the states are unlikely to agree to that and prefer the 3% rate, they said. It’s worth noting that the builders have proposed another option which is to levy a 7.2% tax rate along with input tax facility.

Photo on Visual hunt

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp