Group of Ministers · GST Council Secretariat (Minutes of the 33rd GST Council meeting) · 2019-02-24

Report of the Group of Ministers for Boosting the Real Estate Sector under GST - 33rd GST Council

The 33rd Council meeting, held in two sittings in February 2019, considered the GoM's recommendations for boosting real estate under GST. The proposals moved residential housing to concessional rates without input tax credit, in place of the earlier rates with credit. They also set a special lower rate for affordable housing. Some states disagreed with parts of the report, and the Council lowered the GoM's proposed rate for affordable homes.

Read the official report →All GST reports

Key findings and recommendations

  • The GoM proposed concessional rates without ITC for residential real estate.
  • The GoM's proposed 3 per cent rate for affordable housing was cut to 1 per cent by the Council.
  • Several states supported the package, though some objected to how it was handled.
  • The new real estate rates took effect from 1 April 2019.

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