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Will Home Price Go Down with the Revised GST ? (Expectation vs. Reality)
The recent update has made quite an uproar in the property marketing of late. Will this maneuver bring in the silver lining in the residential property business or there are still some hidden innuendos? Let’s dig in the real facts behind the recent realty rules.According to the revised tax rate, under construction homes are likely to attract 5% of GST whereas the new effective GST rate for affordable homes would be just 1%. Likewise, the Council has removed the tax credit benefit on
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