Real Es­tate

Business Today - - COVER STORY | GST -

It is par­tially un­der GST; only un­der-construction projects have been brought un­der the new tax regime With stamp duty kept out of GST, both stamp duty and GST are levied on un­der-construction projects On sale of con­structed projects, stamp duty is levied on out­put sup­ply and GST on pro­cure­ment While in­put cred­its have in­creased, the ben­e­fit has been coun­tered by in­creased tax on out­put sup­ply – from an ef­fec­tive rate of 6-8% to 12%

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