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Impact of New GST Rates on the Real Estate
Category:
Real Estate
GST rate is a tax percentage applied on the sale of goods or services. Every business registered under GST must prepare invoices with GST values. The GST values are charged on the taxable supply value. These GST values are arrived at by multiplying a tax percentage with taxable supply value. Such percentage rates are referred to as the GST rates. The 56th New GST rates revision in 2025 is based on the outcome of the 55th GST Council meeting. The impact of new GST rates on the real estate is great. It will eventually encourage greater investment in the real estate market.
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