New GST structure for real estate: A big relief for developers


– Mr. Madhusudhan G, Chairman and MD, Sumadhura Group

New Delhi, March 20, 2019: “The latest GST announcement certainly favours the developer community by making it flexible – to choose between old GST rates with input tax credit (ITC) or the new reduced GST rate of 5 per cent without ITC. Also, this new tax structure for real estate solves the transition issues on ITC for the ongoing projects and is a big relief for developers.”

Corporate Comm India(CCI Newswire)