[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd.
Here I have an important Indian real estate news to share with you which is as undermentioned.|
GST Council is likely to bring under-construction flats under 5 per cent slab
To avail this, builders will have to purchase 80 per cent material from suppliers having GST number
GST Council will meet in January, when the cut is likely to be announced
If you are a homebuyer, there is good news for you in the offing. The Goods and Services Tax (GST) Council is mulling over proposals to cut GST rates on real estate. Sources in the Council said a positive decision in this regard is expected to be taken during the next meeting that will be held in January.
Once the proposals are cleared, buying an under-construction apartment will become cheaper.
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Have a nice day.