Mr. JC Sharma, VC & MD, SOBHA Limited, discusses the GST Council's rate cut for Real Estate Sector on CNBC-TV18 on 25 Feb'19.
GST Council slashed tax rate on under-construction residential properties, making the effective tax rate 5 percent for the normal category and 1 percent for the affordable housing category. In both cases, builders will not be able to claim the input tax credit (ITC).
