Thread: What is GST?
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Old July 5th, 2017, 09:28 AM
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Re: What is GST?

Quote:
Originally Posted by ashdoc View Post
My friend is buying a flat in Pune and price has shot up from 93 lakhs to 99 lakhs due to GST.
somethings are expected to get more expensive. a straight to straight comparison makes real estate more expensive as total of taxes service tax + VAT + Cess etc is less than GST applicable.

however (it seems) individual components in the building are going to be cheaper as GST on those things is less than total of applicable tax.

Some people reckon this should reduce the overall cost of real estate but I am sure the builders in our country will take advantage and not pass on the advantage.
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