Adani M2K

National Anti-Profiteering Authority Initiated Hearings Against Adani M2K for GST Mismanagement

To revive housing sales, the GST Council in February had reduced the goods and services tax rate on under-construction residential properties in the general category to 5% from 12%, and on affordable houses to 1% from 8%, without the benefit of input tax credit. The new rate structure for residential projects is applicable on constructions initiated from Apr 1, 2019.