GST on Realty: If housing costs rise, lower loan rates may offset impact to some extent

The goods and services tax (GST) is a revolutionary tax-related reform in India in several decades, as it will eliminate the conflicting and cascading taxation structures which have confounded several industries over the past few decades. It will most certainly have a profound effect on India’s economic prospects. A single indirect tax that covers all goods and services will, in the long run, incr…