GST Council meet: Big relief to Real Estate Sector

New Delhi: In its 33rd meeting the GST Council has accorded big relief to Real Estate Sector. GST rate on affordable housing has been reduced to 1% from 8% & for others from 12% to 5% for both without ITC. This will give boost to housing for all & fulfill aspirations of Neo/Middle classes. Here is what Sharad Kohli, Economist and Akash Jindal, Financial expert has to say.