Last Updated : Apr 26 2019 2:09PM     Screen Reader Access
News Highlights
PM Modi files nominations from Varanasi            Campaigning reaches its peak for 4th phase of LS polls            SC refuses to interfere with EC's order stalling release of PM Modi’s biopic            SC directs RBI to disclose information under RTI            IPL: Chennai Super Kings to face Mumbai Indians           

National News

Mar 20, 2019
7:39AM

GST Council approves transition plan for new GST rates

Representational Pic
GST council today approved a transition plan for new goods and services tax rates on residential properties under which developers of under-construction buildings may either opt to shift to the revised lower rates without input tax credit or stick to the previous rates.

Revenue Secretary Ajay Bhushan Pandey told media that for housing projects launched on or after the first of April this year, the developers will have to adhere to the new GST rates recommended by the council last month. Developers can also opt for different GST options for separate buildings in a project depending on if construction started before or after 31st March this year. Mr Pandey added that there will be no revenue loss to the government due to the new GST structure for under-construction housing.

The next GST Council meeting will be held after the Lok Sabha elections. The Revenue Secretary informed that authorities will, however, seek permission of the Election Commission if the need arises for any meeting of the body.

PM’s Exclusive Interview to DD News

Live Twitter Feed

Listen News

Morning News 26 (Apr) Midday News 25 (Apr) News at Nine 25 (Apr) Hourly 26 (Apr) (1300hrs)
समाचार प्रभात 26 (Apr) दोपहर समाचार 25 (Apr) समाचार संध्या 25 (Apr) प्रति घंटा समाचार 26 (Apr) (1305hrs)
Khabarnama (Mor) 26 (Apr) Khabrein(Day) 26 (Apr) Khabrein(Eve) 25 (Apr)
Aaj Savere 26 (Apr) Parikrama 25 (Apr) Lok Ruchi Samachar 21 (Apr)

Listen Programs

Market Mantra 25 (Apr) Samayki 25 (Apr) Sports Scan 25 (Apr) Spotlight/News Analysis 25 (Apr)
    Public Speak

    Country wide 28 (Mar) Surkhiyon Mein 4 (Apr) Charcha Ka Vishai Ha 24 (Apr) Vaad-Samvaad 16 (Apr) Money Talk 16 (Apr) Current Affairs 22 (Mar)