Quote on GST by Mr. RK Arora, Chairman, Supertech Ltd and Mr. Ashish Sarin, CEO, Alpha Corp

Posted by: at 6/29/2017 06:49:00 am


Quote on GST by Mr. R.K Arora, Chairman, Supertech ltd


Quote on GST by Mr. R.K Arora, Chairman, Supertech ltd

“One nation one tax (GST) will have a positive impact and bring more transparency in the tax system and its benefits must pass on to consumers. It will be a major booster for the Indian Economy. After GST gets implemented, property prices will not have any impact for home buyers. The benefits of input credit tax and simplifying double taxation effect will be instrumental for both developers and the end consumers”.

Quote on GST by Mr. Ashish Sarin, CEO, Alpha Corp


Quote on GST by Mr. Ashish Sarin, CEO, Alpha Corp
“GST will have a positive impact on prices of real estate. One of the key benefits to the developers would be that now they will be able to take credit of the taxes paid by its suppliers completely unlike in the earlier tax system. This will reduce the cascading of the taxes which are being levied by state & central government agencies. It will be however applicable for the projects that will be undertaken after the implementation of the GST regime. It is important to note that the developers will not be able to take full credit of taxes paid by suppliers for the projects that are under the transitional phase, as traders were not issuing the excise invoice for the materials bought from them by the developers. For such projects the government has restricted the limit to 60% of the GST. GST will subsume all taxes like the value added tax and service tax, creating one market across the country for real estate developers.”


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