Naidu writes to CMs about homebuyers’ tax concern

NEW DELHI: Union housing minister M Venkaiah Naidu has asked the chief ministers of all states to ensure that builders do not charge higher tax from homebuyers on instalments to be paid after the Goods and Service Tax (GST) comes into effect from July 1. In a letter to the chief ministers on Tuesday, Naidu said there had been complaints that the buyers, who had booked flats and had made part payments, were being asked to pay before July 1 to avoid higher tax.