Outcomes of 33rd GST Council meeting. (Effective date 1 Apr 2019)
28 February 2019
GST council has made following recommendations during 33rd GST council meeting held on 24th February, 2019:
From 1st April 2019, the GST rate on residential house properties shall be levied at following rates:
- For Residential house property in affordable segment: 5% and input tax credit shall not be available;
- For Residential house properties outside affordable segment: Flat rate of 1% and ITC shall not be available.