Experts' Take
MANOJ GAUR, MD, Gaursons India Ltd & President, Credai NCR
“Once GST Bill is passed, it would boost transparency and uniformity in real estate sector. Homebuyers are supposed to pay service tax and VAT and there are also taxes like excise and custom duties to be paid by developers. The GST will replace these taxes with a single tax reducing the overall cost of construction.”
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