![](https://admin.purplerealtors.in/admin/upload/Main/new_thumb_7691370261721366664.jpg)
Kakkad One World Baner Balewadi Pune Commercial Project
Balewadi,Pune
The Goods and Services Tax (GST) council in its meeting held on 18th January has recommended concession in the rates GST for homes purchased under the Credit Linked Subsidy Scheme (CLSS). For under-construction homes that form a part of CLSS will now be charged GST at 8 percent instead of 12 percent, a cut of 4 percent. However, people who are not eligible for CLSS will continue to pay higher GST.
The concessional rate of GST of 12 percent (effective rate of 8 percent after deducting one-third of the amount charged for the house towards the cost of land) will henceforth from today be applicable for houses constructed or acquired under the CLSS for Economically Weaker Sections (EWS) / Lower Income Group (LIG) / Middle Income Group-1 (MlG-1) / Middle Income Group-2 (MlG-2) under the Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana (PMAY Urban). Under CLSS, the interest subsidy would be provided on home loans taken by eligible urban poor (EWS/LIG/ MIG-I/ MIGII) for acquisition or construction of house.
So far, houses acquired under CLSS attracted an effective GST rate of 18 percent (effective GST rate of 12 percent after deducting value of land). The concessional rate of 12 percent was applicable only on houses constructed under the other three components of the Housing for All (Urban) Mission/Pradhan Mantri Awas Yojana (Urban), namely (i) Redevelopment of existing slums using land as a resource component; (ii) Affordable housing in partnership with other entities and (iii) Beneficiary-led individual house construction / enhancement. The exemption has now been extended for houses acquired under the CLSS component as well. Therefore, the buyers would be entitled to interest subsidy under the scheme as well to a lower concessional rate of GST of 8 percent (effective rate after deducting value of land).
Lodha One Bund Garden Pune Exclusive 5 BHK Price Location Floor Plan Review
Bund Garden Road, Pune
Legacy Kairos Rahatni Pimple Saudager Pune 2 and 3 BHK Price Location Floor Plan Review
Pimple Saudager, Pune
Kakkad One World Baner Balewadi Pune Commercial Project
Balewadi,Pune
AP81 AP83 Amar Pristine Eighty Three Commercial Koregaon Park Mundhwa Pune - Amar Builders Office Spaces For Lease
Koregaon Park,Pune
The Anthem by Banyan Tree Realty Anand Park Aundh Pune Commercial Project Price Location Floor Plan
Aundh,Pune
Nandan Fortura Baner Balewadi Pune Commercial Shops Commercial Project Spaces For Sale and Lease
Balewadi,Pune
ANP LANDMARK WAKAD COMMERCIAL PROJECT OFFICE SHOP RESTURANT
Wakad,Pune
ABIL Boulevard Koregaon Park KP Pune Commercial Project Office Space Floor Plan Price Location For Sale and Lease Abil boulevard
Koregaon Park,Pune
Westport Baner Pune Office Space Showroom Shop
Baner,Pune
ABIL Imperial Commercial Spaces Baner
Baner,Pune
45 Baner Street Baner Pune Commercial Project Shop Showroom Office Space
Baner,Pune
Pride Group Pride Gateway Baner Pune Commercial Project Office Space Showroom For Sale n Lease Floor Plan Review Price Location PRIDE GATEWAY
Baner,Pune