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It’s been almost one year since the implication of the Goods and Service Tax (GST) but people are still unaware of the advantages and disadvantages of GST and how it affects their daily lives. This article concentrates on the GST impact on real estate. So, if you are planning to buy a house in the near future, you have come to the right pl...

The Goods and Services Tax (GST), a revolutionary tax reform rolled out in July 2017, has effectively replaced the previous Gordian Knot of multiple taxes like VAT, central excise duty, commercial tax, service tax, octroi, etc. It has made India a ‘tax-neutral’ nation – and while it evoked a response best described as...

With the market opening up beyond state boundaries, GST's immediate benefit to developers is visible in an increase in the credit flow of taxes paid on procurements. Further, the GST law mandates the passing on of benefits arising due to increased credits to customers by way of reduced prices. However, the tim...