GST Impact on under construction properties
0
Hi
I am looking to buy an apartment which is in under construction stage and will be ready by mid next year. Most of the developers that I have spoken to, are urging to buy before GST kicks in (1st July). Their argument is that tax will increase after GST by 4-5lacs on a Rs. 1cr property.
I need help in understanding if this is correct or am I being forced into making a decision quickly. Should I book the apartment before 1st July to save on the extra tax or will the price be re-adjusted after GST comes into picture?
Thanks
Tejeshwar