GST On Houses

The rent of apartments for top executives will attract an 18 per cent Goods and Services Tax (GST)

GST Council will work out a formula that will clarify the extent to which a developer can avail the input-tax credit

Some state finance ministers are of the opinion that the GST structure for lottery should not be changed in haste

Builders are also required to pass on the benefits of lower tax burden to the buyers of property

This is because builders with large unsold inventories plan to pass on higher tax burden to buyers