The revenue department has agreed to charge the GST on houses purchased under Credit-Linked Subsidy Scheme (CLSS) of Prime Minister Awas Yojna (PMAY) at the rate applicable upon affordable housing even if the house does not fall under the affordable housing criteria. The department recently released a list of FAQs (Frequently Asked Questions) on GST…
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Hardeep Singh Puri said he has signed the file pertaining to the extension of the CLSS under which the government provides a subsidy of up to Rs 2.67 lakh on home loans. The Centre has extended the Credit Link Subsidy Scheme (CLSS) on home loans for the Middle Income Group (MIG) under the Pradhan Mantri…
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In a move that will benefit the homebuyers, the Central government has reduced the Goods and Services Tax (GST) rate on the purchase of homes under the credit-linked subsidy scheme (CLSS) part of the Pradhan Mantri Awas Yojna (PMAY) to 8 percent from the current 12 percent. Houses that are already under construction and are being…
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