Among the many taxes that home buyers have to pay on property, a purchase is the Goods and Services Tax or GST on flats. Many changes have already been made in this tax regime, in a short span of time since it came into force in July 2017. In this article, we examine the implications
For tax purposes, the process of buying an under-construction property was seen as paying for a service from the builder of a project. Earlier, this attracted service tax. But since GST got implemented, it replaced service tax in these transactions. A completely built property has been kept out of the GST regime and a buyer
