ICICI home loan

. Where developers will benefit from GST, the buyers will have to pay about 6% more tax. This is the reason, despite the government's guidelines, developers can avoid the benefit of GST by pass-through on the buyers. However, developers say that in the cheap houses, the buyer can be made on the pass, but due to GST, buyers of MIG and luxury projects will have to pay a higher price. The Byers Association says that GST will harm the buyer, but the developers are also misleading them. There are many discussions on the Goods and Services Tax (GST) in the market, but most people are unsure about how this can impact on different businesses. In the real estate sector, people are expecting some relief in terms of property prices, because they believe that developers will give homebuyers on the benefits of deducting input costs. Apart from this, the number of existing taxes is expected to decrease and this will be good for the industry only.