https://www.taxtmi.com/manuals?id=1742 Under GST, full Input Tax Credit replaces earlier embedded indirect taxes on construction inputs so those embedded taxes should not form part of the price of under-construction flats; builders must pass the benefit of the lower tax burden to buyers by reducing prices or instalments, and charging higher tax-inclusive amounts for payments after GST may constitute profiteering under section 171. en-us Tue, 07 Nov 2017 13:14:00 +0530 Thu, 24 Jan 2019 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1742 Under GST, full Input Tax Credit replaces earlier embedded indirect taxes on construction inputs so those embedded taxes should not form part of the price of under-construction flats; builders must pass the benefit of the lower tax burden to buyers by reducing prices or instalments, and charging higher tax-inclusive amounts for payments after GST may constitute profiteering under section 171. Manuals GST Tue, 07 Nov 2017 13:14:00 +0530 https://www.taxtmi.com/manuals?id=1742