Govt likely to cut GST rates on construction materials to 18%, says report
Updated : June 27, 2018 11:52 AM IST
The decision to reduce rates from the existing 28% comes as the government is looking to increase job opportunities in the sector prior to the upcoming Lok Sabha elections.
Any decision taken in favor of the tax cut will be a big boost for both builders and home buyers.
Government had earlier relaxed rules enabling more home buyers to access the interest subsidy scheme.