What is the GST impact on real estate? | Magic Meters

The Goods and Services Tax or GST was rolled out on July 1 this year by President Pranab Mukherjee and Prime Minister Narendra Modi. The new tax seeks to transform India with its “One Nation, One Market, One Tax” principle by subsuming a host of indirect taxes and implementing a simpler tax on goods and services. 

 Whether you are a buyer, seller, developer, intermediary, financier or investor, GST will impact everyone in the real estate sector in many ways. Are you a buyer and keen to know if the prices of residential real estate post-GST will go down or not? Are you a developer and worried about inputs and material costs? Here’s a look at how the new tax will impact you and the real estate sector.            
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