Q

Will GST rate cut in 2019 and its impact on Indian residential real estate?

By Pankaj
07 Jan 19 29
Will GST rate cut in 2019 and its impact on Indian residential real estate?

1 Answers

A

Pankaj

07 Jan 2019 11:30 PM

“The expected lowering of GST on under-construction flats and houses to 5%, as well as hiking exemption threshold for MSMEs by the GST Council would be a welcome move, and pro-industry initiative taken by the government.  We will have to watch and see as to how this move pans out and its possible implications in the long run. However, the general sentiment within the real estate fraternity is upbeat, with the move likely to set the industry on an optimistic path.” - Mr. Sankey Prasad, Chairman and Managing Director, Synergy Property Development Services.

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