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GST Council to meet on January 10; to consider 5% GST on under-construction flats

Updated : January 02, 2019 08:25 PM IST

The council, in its previous meeting on December 22, 2018, had rationalised the 28 percent tax slab and reduced rates on 23 goods and services.
Briefing reporters after the recent council meeting, Jaitley had said that the next meeting would consider rationalisation of tax rates on residential properties and raising the threshold limit for MSMEs from the current Rs 20 lakh.
The GST Council is likely to consider lowering GST on under-construction flats and houses to 5 percent, an official said.
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