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What is Impact of GST on Indian Real Estate about?

The real estate sector is a major driver of the Indian economy, expected to reach $1 trillion by 2030. It generates significant employment and economic growth. Under the pre-GST tax regime, developers faced various central and state taxes which increased costs and home prices. The GST consolidated many of these taxes and allowed input tax credits, aimed to reduce costs. For under-construction homes, GST is 12% with ITC or 5% without ITC. For affordable housing, rates are 8% with ITC or 1% without. Ready hom

Author

ankur vikas

Language

EN