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Updated on: Wednesday, May 29, 2019, 02:38 AM IST

GST cut on realty sector to boost sales

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NEW DELHI: Realtors body CREDAI on Friday said housing sales will rise if GST rate on under-construction flats is reduced to 3 and 5 per cent as likely to be recommended by a group of ministers under the GST council. A panel of state ministers favoured lowering GST on under-construction residential properties to 5 per cent, from 12 per cent currently. The Group of Ministers, under Gujarat Deputy Chief Minister Nitin Patel, was set up last month to analyse tax rates and issues/challenges being faced by the real estate sector under the GST regime.

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Published on: Saturday, February 09, 2019, 11:14 AM IST
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