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The Consumer & Retail sector is growing rapidly and is extremely dynamic. Due to constant disruption, managing business has become complicated and cumbersome.
Our healthcare and life sciences advisory team brings together a combined experience of over 50 years to help businesses navigate through changes, new...
At Grant Thornton in India, our automotive team works with a wide variety of clients to help them achieve their goals and increase shareholder wealth. Our...
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At Grant Thornton, we assist dynamic Indian businesses in the Real Estate & Construction sector throughout their business life cycle by offering robust...

"The government recently clarified the effective rate of tax under pre- and post-GST regime on sale of under construction property, or ready to move-in flats, where Completion Certificate has not been issued at the time of sale. The government clarified that the effective tax rate under GST has not increased, as the input tax credit has now been made available. The input tax was restricted under pre-GST regime, wherein the tax incidence was 15-18%, vis-a-vis the present GST at the rate of 12%. This explains the myth that property prices have gone up post implementation of GST."
Suresh Nandlal Rohira
Partner, Grant Thornton India LLP
This article appeared in DNA India on 13th December, 2018.
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