Goods and Services Tax

Builders facing tough choice in GST rates for ongoing realty projects

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“The confusion may continue for a while till the time the developer and buyer settle on which rate should be adopted that will benefit both,” noted Suresh Nandlal Rohira, Partner, Grant Thornton India, adding that having faced such situations in the past on change in rates in restaurants, the government should give additional moratorium period to transition and settle such issues.

This article appeared in The Hindu Business Line on 11th April, 2019.