https://www.taxtmi.com/article/detailed?id=7353 Implementation of GST will subsume multiple central and state indirect taxes affecting real estate, enable input tax credit to reduce cascading taxation, and is expected to improve transparency and compliance. Sale of immovable property (land and completed buildings) is excluded due to stamp duty, whereas under-construction properties fall within GST. The sectoral impact depends on pending matters including state enactment of SGST, rate classification, valuation rules, abatements/exemptions, reverse charge treatment, and the interaction between stamp duty and GST on projects. en-us Mon, 03 Apr 2017 07:31:21 +0530 Mon, 03 Apr 2017 13:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7353 Implementation of GST will subsume multiple central and state indirect taxes affecting real estate, enable input tax credit to reduce cascading taxation, and is expected to improve transparency and compliance. Sale of immovable property (land and completed buildings) is excluded due to stamp duty, whereas under-construction properties fall within GST. The sectoral impact depends on pending matters including state enactment of SGST, rate classification, valuation rules, abatements/exemptions, reverse charge treatment, and the interaction between stamp duty and GST on projects. Articles Goods and Services Tax - GST Mon, 03 Apr 2017 07:31:21 +0530 https://www.taxtmi.com/article/detailed?id=7353