After positive budget, sector pins hopes on GST Council

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Happy with the interim budget announced on February 1, the industry is now pinning its hopes on finance minister Piyush Goyal and the GST Council to rationalise GST on under construction property, one of the key demands of the industry.

While he welcome most of the move, he added that now eyes will be on the next GST Council meet where a Group of Ministers examining GST on real estate would finally spell out their verdict on GST on under construction property. “Now, it is to be seen what the GoM has decided. A positive outcome will have a positive impact on many under construction properties,” Hiranandani added.

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