GST cut to boost sales of under-construction flats; no ITC may hit builders’ profit margin: Moody’s

The GST Council had on Sunday decided to cut goods and services tax (GST) rate on affordable homes to 1 per cent without input tax credit (ITC) from earlier 8 per cent with ITC. Credit rating agency Moody’s on Wednesday said the GST rate cut on under-construction flats will boost housing sales, but may hit […]

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