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Don't charge GST from affordable housing buyers: Govt to

Don t charge GST from affordable housing buyers: Govt to - Goods and Services Tax - GST - Dated:- 7-2-2018 - New Delhi, Feb 7 (PTI) The government today asked builders not to charge any GST from home buyers as the effective GST rate on almost all aff .....

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its last meeting on January 18, the GST Council had extended the concessional rate of 12 per cent GST for construction of houses under the Credit Linked Subsidy Scheme (CLSS) to promote affordable housing, which has been given infrastructure status i .....

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loyed for construction of flats, houses, etc attract GST of 18 per cent or 28 per cent. As against this, most of the housing projects in the affordable segment in the country would now attract GST of 8 per cent. As a result, the builder or developer .....

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y GST payable on the flats from the buyers . It further said that GST can recovered from buyers only if builders recalibrate the cost of the flat after factoring in the full ITC available in the GST regime and reduces the ex-GST price of flats. The c .....

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