Hey there
There has been a lot of confusion about the rate of GST on affordable housing. The Central Government of the country decides the applicable GST rates every financial year. From the information gathered from the internet,I will decode all of your doubts in the answer below. Keep reading
Is GST applicable on affordable housing ?
Yes, there is a certain GST rate that has been levied on property that falls under the affording housing scheme launched by the Indian Government in 2015.
What rate is GST on affordable housing ?
Affordable residential units under the Affordable Housing Scheme have lower GST in comparison to affordable housing units.
The scheme was launched to help and promote purchase of housing in lower and middle income households. Home buyers who avail this scheme need to pay 1% GST .The rate of affordable housing differs in metropolitan and non-metropolitan cities but the rate of GST on affordable housing remains the same.
I hope your doubts about Is GST applicable on affordable housing have been cleared.
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Authors Of The Question
Is GST applicable on affordable housing ?
Fannah
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1 Answers
2 Year
2022-03-01T04:17:32+00:00 2022-03-01T04:17:33+00:00Comment
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