GST Positive Towards Real Estate Sector


GST Positive Towards Real Estate Sector

November 24, 2017

GST would bring a lot of transparency in the real estate sector and minimise unscrupulous transactions. GST will help in filling the overwhelming gaps currently existing under the supply chain management process. There will be many projects of developers which would require the
transition from current tax laws onto GST. Builders are seeing a surge in demand for ready to move-in properties who have received occupancy certificates, as they are not within the ambit of Goods and Services Tax (GST), which has raised overall taxes on property. For ready to move-in properties, customers need to pay only the registration and stamp duty charges over the sale value.
Source: ET Realty, November 24th 2017


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