Bytes
GST will bring relief to sector and its customers
GST will bring about a relief for the sector and its customers. Commercial realty players will be hugely benefited as all the lost CENVAT credit, which is in current regime a cost to commercial developer, can be availed if GST is applied in a free flow manner. A much simplified single tax rate, reduced construction costs and better transparency will be much welcomed by the developers and customers.
Manoj Gaur, President, Credai NCR & MD, Gaursons India
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