The decision after the GST council meet is that the real estate companies now do have the option of going back to the old rates and new rates will come into effect from April 1st. For the real estate companies which have the option, it is for properties under construction. Prashant Thakur, head of research at Anarock, JC Sharma, VC & MD of Sobha and MS Mani, Partner-GST at Deloitte India shared their views and readings on the decision.
