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Real Estate Forum on Service Tax On Flat Purchasing

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Q: GST bill, if cleared by the Parliament, can stabilize or even reduce cost burden on home buyers.

Latest Answer: It will be a great move if such happens. Also stamp duty is not proposed to be incorporated under GST and will thus continue to remain as it is at present. So, decreased cost of construction will take place once a lower bracket of GST is applied as the developers will be liable to pay much less than today, thus allowing cost of units to fall which will directly benefit the end users.
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