34th GST Council Meeting dated March 19, 2019

by | May 21, 2019

The GST Council in its 34th Meeting held on March 19, 2019, discussed the modus operandi for implementation of lower GST rate of 1 percent on Affordable houses and 5 percent on houses other than Affordable houses (‘Other houses’) for ongoing and new projects.

‘Affordable houses’ shall mean:

  • Houses with land area up to 60 square meters (non-metro cities) / 90 square meters (metro cities) and value up to ₹45 lakhs; and
  • Projects under the existing central and state housing schemes that are presently taxable at 8 percent.

To read further, please click on the link below.

NITYA’s Insight – Update on 34th GST Council Meeting

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