GST may bring down construction cost: Will it cool down residential, commercial property prices?

One good thing that GST purports to do is that it will help cut cash component in construction, as inputs have to be sourced from registered vendors to get input tax credits. This step will decisively cut down on the black money component in real estate. The GST returns process ensures that both suppliers and recipients of goods and/or services are liable to disclose transaction details w.r.t. val…