New Delhi, March 22 -- The Goods and Services Tax Council on Tuesday, 19 March, sought to address builders' concerns related to their inventory of under-construction housing units by allowing them to choose between the existing higher tax rate with input credit and the new flat rate that will be effective from April. Builders can opt for the existing 12% tax rate for homes that are under construction as on 31 March, but will have to pass on the benefits of input tax credit to customers, or choose the new rate of 5%, effective next month. Similarly, in the case of under-construction affordable homes, they could choose between the existing rate of 8% and the new rate of 1%, the federal indirect tax body said. Builders may now, on a case-to-ca...