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GST : A significant impact to buyers and builders ?>

GST : A significant impact to buyers and builders

As per the latest GST council meeting recently, GST rates of all the under-construction houses or apartments are reduced to 5% (from the present 12%) and 1% on affordable housing which is currently 8% has redefined the buying capacity of affordable housing. In a tier 1city, a residential space of 60sq metres costing around 45 lakhs is said to be an affordable house. This recent reduction of GST has made a significant impact on both buyers and builders. The same…

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