https://www.taxtmi.com/article/detailed?id=7052 The Model Goods and Services Tax framework will raise acquisition costs for residential buyers by applying GST to the full transaction price, including land, and by excluding construction supplies from Input Tax Credit relief. Developers cannot set off GST paid to contractors, converting deductible taxes into cost. Valuation rules further treat materials and developer-arranged services as part of the contractor's taxable supply, creating double taxation on inputs and a cascading tax burden that increases housing transaction tax incidence. en-us Thu, 27 Oct 2016 07:59:30 +0530 Thu, 27 Oct 2016 09:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7052 The Model Goods and Services Tax framework will raise acquisition costs for residential buyers by applying GST to the full transaction price, including land, and by excluding construction supplies from Input Tax Credit relief. Developers cannot set off GST paid to contractors, converting deductible taxes into cost. Valuation rules further treat materials and developer-arranged services as part of the contractor's taxable supply, creating double taxation on inputs and a cascading tax burden that increases housing transaction tax incidence. Articles Goods and Services Tax - GST Thu, 27 Oct 2016 07:59:30 +0530 https://www.taxtmi.com/article/detailed?id=7052