November 23, 2024 07:20 (IST)
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GST Council approves 5 percent rate for under-construction properties

GST Council approves 5 percent rate for under-construction properties

New Delhi, Feb 24 (UNI/IBNS) In what is seen as an attempt to give relief to middle class and as well a timely boost to the real estate sector, the Goods and Services Tax (GST) Council, headed by Finance Minister Arun Jaitley, on Sunday announced that the GST payable for under construction properties will be five per cent for normal housing.