GST rate reduction to 5% in realty sector: A winning stroke or a run out

Post several representations being made by the industry and based on the recommendations of the GST Council, the Ministry of Finance finally notified a revised scheme whereby a GST rate of 5% without ITC, would be applicable to the sale of an under construction residential unit. However, is this scheme of 5 % GST without ITC more beneficial than 12 % with ITC?

Read the detailed article here.