The Goods and Services Tax (GST) is beyond doubt the most innovative tax-related modification to be seen in India in some decades since it will reduce the incompatible and flow taxation association which have confounded many industries over the past few decades. It will most positively have a profound effect on India's economic scenario. In other words, it change the several taxes levied by the central and state administration and will become include of all the indirect taxes, including central excise duty, commercial tax, VAT and service tax.

1. How GST Impact in Indian
Real Estate Market

2. What is a GST
GST stands for Good Service Tax
A Tax eventually borne by the customer.
Overcomes cascading along the supply chain

3. What is a GST
The Goods and Services Tax (GST) is beyond doubt the most innovative tax-
related modification to be seen in India in some decades since it will reduce
the incompatible and flow taxation association which have confounded many
industries over the past few decades. It will most positively have a profound
effect on India's economic scenario. In other words, it change the several
taxes levied by the central and state administration and will become include
of all the indirect taxes, including central excise duty, commercial tax, VAT
and service tax.

4. Impact in Real Estate
Under-construction real estate is protected under GST during
works contract and classified as a service. The GST tax
charge for under-construction real estate has been set at 12%.
Also, it has been illuminate that input tax credit will be
accessible for developers to take benefit of and pass on the
benefit to the customers under the anti-profiteering clause of
GST.

5. GST will be a game-changer for Indian real estate industry,
since it will include more than 16 main taxes and levies into a
solitary consolidate tax. Additionally, the combined tax
administration will stop the unnecessary practice of double
taxes, which harm real estate and other sectors, given their
cascading result that magnified prices for end users.

6. From the Real Estate developers point of view, execution of
GST will outcome in lower building costs. Overall tax
occurrence on inputs like steel and cement is expected to
decline, thereby leading to enhanced margins for the
developer. From the customer’s point of view, the impact of
GST on the real estate sector will centre on its useful
execution charge.

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