Builders must pass on the GST benefit to homebuyers: Experts – GST Station

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In its 34th meeting, the GST Council, in its much- awaited attempt to revamp the GST structure (or simplifying the GST framework) for the real estate sector has Real estate and GST – 8 critical issues you must know about recent proposed amendments

If the developers pass on the credits completely and bring down the base prices, then, home buyers may marginally benefit under the GST regime. Nevertheless, stamp duty will continue to be applicable, irrespective of whether the property is under-construction or constructed, in the pre-GST and post-GST regime.

But if you listen to the leaders of these parties holding forth on the benefits and importance of GST and. help you pass bills! As you sow, so you reap, isn’t it? Pity that no one in his party has.

INPUT TAX CREDIT UNDER GST TO BE PASSED ON BY BUILDERS TO FLAT / PROPERTY BUYERS . As required u/s 171 of the GST Act and press release dated 15th june 2017 issued by the Government of India, it has become mandatory for builders/developers to pass on the Input Tax Credit (ITC) benefits to the buyers of under construction flats/ properties.

Will GST Empower Homebuyers To Strike A Better Deal? June 19, 2017 | Sneha Sharon Mammen The Goods and Services Tax or GST is scheduled to be launched on July 1, and it is set to change the way the real estate sector will look at taxes.

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shows the GST exemption for food provides a benefit of $365 to the poorest 10 per cent of households, but $631 per year to the richest 10 per cent of households. Therefore logic says we must get rid.

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