GST relief for home buyers, realtors warned

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VISAKHAPATNAM: In major relief to property buyers, especially apartments, Goods and Sales Tax (GST) authorities have warned realtors and construction companies of punitive action if they do not pass on the benefits of input tax credit to the buyers by reducing the prices.


N Srujan Kumar, GST commissioner, Vizag, told TOI that the Central Board of Excise and Customs at Delhi and its offices in various states have received several complaints that people who have booked flats and made part payment were asked to pay a higher tax for instalments paid after July 1, 2017.


for more details
https://timesofindia.indiatimes.com/city/visakhapatnam/gst-relief-for-home-buyers-realtors-warned/articleshow/62004279.cms

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