Builders must pass on the GST benefit to homebuyers: Experts – GST Station

Builders must pass on the GST benefit to homebuyers: Experts – GST Station

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Any reduction on this basic input cost could certainly boost the prospects for under-construction properties which are currently in low in demand – provided builders pass the benefit on to their consumers. Such a deep GST rate cut on cement would boost supply deployment and thereby also help create more construction jobs and thus boost the economy.

Experts said the builders will now factor in their losses arising from the removal of input tax credit when they pass on the benefits to end users, while the latter may want the entire GST cut to.

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This was a response to Anil Kumar Agarwal, Divisional Railway Manager, South Western Railway, Bengaluru, who said Railways wants a halt station’ close to the airport. If a halt is provided near the.

So builder will not able to pass it on to the customer. Practically, if the builder is honest, he will pass on the benefits directly or indirectly to the buyer. Generally a buyer will be paying in installments over a period of 2-3 years and as by that time OC will not be there, he will have to pay the applicable GST.

With the introduction of the Goods and Services Tax (GST), the total incidence of tax will increase from 5.5 per cent to 12 per cent. However, developers will be able to avail of input credit, on all the goods and services purchased and spent in the construction of the property. Shrikant Paranjape,

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Roll out of simple GST returns deferred to Oct; trial to start next month: harpreet singh: business standard Line: 12 june, 2019: Builders must pass on the GST benefit to homebuyers: Experts: Harpreet Singh: Moneycontrol.com: 11 June, 2019: Only the interest that you earn from a fixed deposit is taxable in your hands: Parizad Sirwalla: Mint : 10 June, 2019

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