BMC to recover GST loss in revenue from flat buyers in Mumbai; plans to impose 1% surcharge

While the government claims that the Goods and Service Tax (GST) Bill that is likely rolled out in July will make things cheaper to bring common man’s life to an ease, the Brihanmumbai Municipal Corporation (BMC) is likely to impose a surcharge of 1% on buying and selling of properties. BMC, the richest civic body in the country is likely to impose a surcharge on real estate properties a…