Cost of apartments likely to reduce by 20 percent

With implementation of GST and developers allowed to take free credits of input tax paid, the cost of housing units should reduce by a minimum 20 per cent, a report titled Goods & Services Tax – History in the Making by Liases Foras has said. Under the Goods and Services Tax (GST) regime, construction of a building or a part thereof, intended for sale to a buyer, is subject to 12 percent tax w…