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Explained: Why GST still vexes India's real estate developers and buyers

The press release after the 34th GST Council meeting has attempted to address many of ambiguities and apprehensions

Topics
Gst  |  Goods And Services Tax  |  Real Estate Sector

Sudipta Bhattacharjee 

Sudipta Bhattacharjee, partner (tax controversy management & contract documentation), Advaita Legal, explains why the tax still vexes the real estate sector: Several clarifications on real estate emerged from the 34th GST Council meeting.

Why is there confusion over its applicability? Several representations were filed following the radical recommendations of the 33rd meeting of GST Council, once the real estate players realised that there is not much to be cheerful about those recommendations and that various points need further clarity. The press release after the 34th GST ...

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First Published: Sun, March 24 2019. 22:04 IST
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