GST Impact on Real Estate Buyers

Introduction In our previous blog, we read about the impact of GST on real estate developers. Given that the subsuming of multiple indirect taxes, and seamless availability of ITC is bound to reduce costs for the developers, it does translate into a positive impact of GST on property prices for buyers, which are bound to get more attractive. Let us look into the impact of GST on homebuyers, as well as commercial buyers: Impact of GST on real estate buyers GST impact on home buyers – A simpler game In the previous regime, development and sale of property attracted a multitude of state and central taxes. The taxes applicable and their percentages varied, depending on the construction status of property […]