Realtors' body Credai seeks input tax credit under GST for developers

Realtors' body Credai on Tuesday demanded that input tax credit (ITC) under the GST regime should be allowed to developers, saying this could lead to a reduction in housing prices by 10 per cent. Credai, which has over 13,000 member developers, has urged the central government to facilitate the ITC for  real estate  developers under the composite scheme of GST. "Owing to the prevailing e…