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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>GST Council Sets New Housing Tax Rates: 1% for Affordable, 5% for Other Residential; Effective April 1, 2019.</h1> The 34th GST Council Meeting, chaired by the Union Finance Minister, was held on March 19, 2019, via video conference. Key agenda items included the confirmation of minutes from previous meetings, ratification of government notifications, and discussions on GST rates for the real estate sector. The Council decided on new GST rates of 1% for affordable housing and 5% for other residential properties without input tax credit (ITC), effective April 1, 2019. Ongoing projects could opt to continue with old tax rates. The Council also discussed the creation of GST Appellate Tribunal benches and approved a draft order to facilitate MSME sector decisions. The meeting concluded with expressions of appreciation for the Chairperson's leadership.