India's Central Board of Indirect Taxes and Customs (CBIC) has published FAQs on real estate- reg. (F. No. 354/32/2019-TRU), which includes a compilation of Frequently Asked Questions (FAQs) to address a number of issues that have been raised regarding the new GST rate structure for the real estate sector. The new rate structure came into effective on 1 April 2019 and includes a reduced GST rate of 5% without input tax credit (ITC) on residential properties outside the affordable segment, an…