GoM to Look Into Feasibility of GST Rationalisation, Composition Scheme For Real Estate

Currently, GST is levied at 12% on payments made for under-construction property or ready-to-move-in flats where completion certificate has not been issued at the time of sale. The effective pre-GST tax incidence on such housing property was 15-18%.

from Top Business News- News18.com http://bit.ly/2FtEvEP