{"id":14635,"date":"2019-02-25T06:00:44","date_gmt":"2019-02-25T00:30:44","guid":{"rendered":"https:\/\/www.squareyards.com\/blog\/?p=14635"},"modified":"2021-01-29T15:50:03","modified_gmt":"2021-01-29T10:20:03","slug":"gst-council-approves-rate-cut-for-under-construction-properties","status":"publish","type":"post","link":"https:\/\/www.squareyards.com\/blog\/gst-council-approves-rate-cut-for-under-construction-properties","title":{"rendered":"GST Council Approves Rate Cut for Under Construction Properties"},"content":{"rendered":"<p>Media publications have quoted Mr. Tanuj Shori for his take on the recent GST rate cuts.<\/p>\n<p>&#8220;The GST rates for under construction flats were lopsided, heavily tilting the buyers&#8217; preference towards completed projects. I am happy that the government has addressed it. Reducing the GST rate for under construction apartments to 5 percent would go a long way in providing level playing field to residential projects that are under construction and reducing the prices for the buyers. The reduction in GST rates for affordable houses to 1 percent would also help the government realize its &#8216;Housing For All&#8217; move by 2022 and provide vivacity to the residential real estate market&#8221;, said Tanuj Shori, Founder and CEO, Square Yards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Media publications have quoted Mr. Tanuj Shori for his take on the recent GST rate cuts. &#8220;The GST rates for under construction flats were lopsided, heavily tilting the buyers&#8217; preference towards completed projects. I am happy that the government has addressed it. Reducing the GST rate for under construction apartments to 5 percent would go [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":13668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[234],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/14635"}],"collection":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/comments?post=14635"}],"version-history":[{"count":5,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/14635\/revisions"}],"predecessor-version":[{"id":27115,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/14635\/revisions\/27115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media\/13668"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media?parent=14635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/categories?post=14635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}