Impact of Revamped GST Structure on Real Estate Sector – Wishtree Consultancy Private Limited

Blog read time: 1 min

Hey folks! Real estate sector-ku oru periya GST update vandhiruku. Here’s what’s new:

GST Rate Cut for Commercial Properties: Under-construction commercial properties-ku GST rate 18%-la irundhu 15%-ku reduce pannirukaanga. Ithunaala investments boost aagum and commercial real estate sector-a attractive aakkum.
E-Invoicing Expanded: Under-construction properties sale-ku e-invoicing has become mandatory. Ithu transparency improve pannum and transactions easier-a track panna help pannum.
Affordable Housing Definition Revised:
- Metro cities: Carpet area limit has been increased from 60 sq.m to 75 sq.m and price cap ₹50 lakhs-ku increase pannirukaanga.
- Non-metro cities: Carpet area 90 sq.m and price cap ₹45 lakhs irukku.
  Ithu naala innum neraya properties 1% vida lower GST rate qualify aagudhu.

Ithu real estate buyers and investors-ku periya boost kodukum! Stay tuned for more updates. 🏡✨

Chennai