Don’t charge GST from affordable housing buyers: Government to builders The government today asked builders not to charge any GST from home buyers as the effective GST rate on almost all affordable housing project is 8 per cent which can be adjusted against the input credit. It said builders can levy GST on buyers of…
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In its 25th meeting, held on 18 January 2018, the Goods and Service Tax (GST) Council recommended rationalization of GST rates on various goods and services. The list included affordable and low-cost housing. The council’s recommendations were accepted and included in the official gazette on 25 January 2018. Now GST would be charged at 8%…
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