GST – A boon or bane for home buyers?

In sync with Modi Government’s intent to provide affordable housing for masses, the GST Council in its last meeting held on 18 January 2018 recommended for concessional rate of 12 percent (8 percent effective tax after deducting value of land) on houses constructed under Credit Linked Subsidy Scheme (‘CLSS’) scheme for Lower Income and Middle Income Categories (LIG and MIG). In terms of the overal…