As they say, change is the only constant! And this is no different in the GST regime. Soon, the entire filing mechanism in GST is going to change with the
The 34th GST Council held on 19 March 2019, announced the modalities for the lower effective GST rate for Real Estate Sector. The slashed GST rate i.e. 1% in case of affordable houses and 5% on construction of houses other than affordable house came into effect from April 1, 2019, through Notification No. 03/2019 – CT(R) dated 29th March 2019 to encourage the demands for properties.
