Big boost for real estate, say industry experts on GST relief on construction materials
The central government's decision to reduce the Goods and Services Tax (GST) on cement and steel has been hailed as a game-changing move by leaders from the real estate industry. New Delhi: GST Council has approved a complete overhaul of the Goods and Services Tax (GST) regime. The panel approved simplifying the GST from the current four slabs - 5 per cent, 12 per cent, 18 per cent and 28 per cent - to a two-rate structure of 5 per cent and 18 per cent. A special 40 per cent slab is also proposed for a select few items such…