What is the GST on the Ready-To-Move Homes?
The option of a full set of input credits to developers will be available on under construction projects, it will not be applicable to ready-to-stay flats. It means that customers who buy ready-to-stay flats will have to pay a higher price for this Why would builders like GST: GST expects this project to reduce the cost of the builders. This means that the house will be evencheaper. In the purchase side, the builder fills many types of tax such as Customs Duty, Central Sales Tax, Excise Duty, Entry Tax. They are later passed at the final price of the flat unit and also on the customer. Due to GST, all taxes will come under one, which will reduce the cost of construction. This will not only cause more cash in the market, but also the sale of a home will accelerate.
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