Different Views On GST’s Impact On Housing Rates

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By Accommodation Times Bureau

About the impact of GST on housing prices , Naredco and Credai today gave contrasting outputs , highlighting the confusion in the GST sector ,regarding the new indirect tax regime.

While Naredco mentioned that there will be no inflationary impact on housing prices once the GST will take it toll from July 1, Credai said the cost to end consumers will rise unless the government provides abatement on land.

Naredco said the actual tax incidence under GST would either match or be lower than the existing multiple taxes on the sector.”There will be no inflationary pressure on housing prices,” Naredco Chairman Rajeev Talwar told reporters here.





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