The Goods and Services Tax (GST) regime in real estate has always been a complex web for homebuyers, developers, and investors alike. However, the GST Council’s recent rate cuts on key construction materials under GST 2.0 are expected to bring some relief. The decision to reduce tax rates on inputs such as cement, granite, marble, tiles, and paints is set to lower construction costs and possibly translate into lower property prices in the coming months. Advertisement

Under the new structure, cement and ready-mix concrete will attract 18% GST (down from 28%), bricks, tiles, and sand are taxed at 5% (down from 18%), and paints and varnishes will also come under 18% (down from 28%). These revisions aim to enhance housing affordability and alleviate the financial burden on developers facing

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