All Posts in Tag: GST

Good news for first-time homebuyers

Good News for First-time Homebuyers: GST Relief for Low-Cost Houses comes into Effect from Jan 27

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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