Wednesday, February 27, 2019

New GST rules on real estate defeat the very purpose of the indirect tax

The absence of ITC will generate black money, as there will now be a tendency on the part of builders to pay for inputs such as cement and steel in cash While lowering the goods and services tax (GST) rates on under-construction houses would give much-needed relief to the real estate sector, the GST Council’s decision to […]

from GST India-Goods and Services Tax in India https://ift.tt/2EewyjX

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