Latest 34th GST Council Meeting
34th GST council meeting held on 19th March 2019. Decisions taken are as:
1. GST Council has approved lower GST rates for the real estate sector and will be applicable from 1st April 2019.
2. There will be two options for builders to choose from:
a. Choose the old GST rate of 12% (8% for affordable housing) with input tax credit (ITC) or
b. Choose a new GST rate of 5% (1% for affordable housing) without input tax credit (ITC).