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Reduction in GST rates for Realty Sector - missing the basic math


Reduction in GST rates for Realty Sector - missing the basic math

The article by learned authors is totally one-sided in favour of developers . They seem to have not realized that government has been forced to take this action because of certain unscrupulous developers ( in fact a majority of the developers) who lined their own pockets without passing on the ITC benefits to the hapless buyers of flats. They have earned themselves a very bad name by indulging in unfair practices.. Same thing had happened in the case of restaurants Now they are also suffering because of their over-smartness.
In my view, government should ensure that these developers are not allowed to raise prices . If necessary , anti-profiteering law may be amended with retrospective effect. Consultants should refrain from helping crooks

v gupta 02/03/2019

 

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