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. http://forbesindia.com/blog/economy-policy/model-gst-laws-not-at-all-rosy-for-the-real-estate-sector/
blog article
MODEL GST LAWS  NOT AT ALL ROSY FOR THE REAL ESTATE SECTOR
The real estate sector looks upon the Goods and Services Tax (GST) Bill to be a harbinger of change as the sector is currently plagued with a myriad of indirect tax issues both at the Centre and state level. Even though the GST Constitution Amendment Bill awaits approval from the Upper House of Parliament, with the release of the Model GST Laws, the much-awaited GST regime in India has attained a certain degree of tangibility. From a home buyers’ perspective, the key factor would be the GST rate applicable on purchase of residential units. It is hoped that the GST rate will be moderate and such transactions will get covered under the lower rate schedules. The model GST law does provide an indication that the home buyer in general could benefit from the introduction of GST, if the GST rates are moderate. BMR ADVISORS READ MORE