Home buyers yet to see benefits of GST
(WorldNews Business)

Developers cite no benefits for land price abatement, high construction costs for little room to cut prices The Goods and Services Tax (GST) was expected to bring down real estate prices, but it hasn't happened into almost two months of the new taxation regime. Developers do not see prices coming down under GST due to a plethora of reasons. For the projects that are substantially completed, developers are not able to pass the GST benefits to buyers as they cannot claim input credit for the completed part of the project, which was billed under the previous...