What GST Means For Home Buyers
GST (Goods and Services Tax) is a revolutionary move for the real estate industry in India. The introduction of GST has resulted in a number of benefits for homebuyers.
Let’s take a look at what GST means for homebuyers.
Hassle-free tax system:
GST replaces 16 different taxes that provide more clarity on the tax structure while buying a home. This, in turn, ensures a hassle-free buying experience.
Saves valuable time:
Before GST, the developers underwent a long process of paperwork. With GST, there will be less paperwork and faster essential processes. This ensures you can now expect to get your home delivered on time.
No double taxation:
Initially, buyers often had to bear the brunt of double taxation due to a number of confusing taxes. But now with just one GST applicable, buyers can breathe a sigh of relief.
A simplified tax system will create a positive impact and will attract a lot of foreign investment. To match International quality standards, developers will now focus more on quality and innovation.
Reduction in costs:
Developers can now claim input tax credits on materials such as cement and steel. This means that the end consumer will thus only bear the GST charged by the last dealer in the supply chain, with set-off benefits at all the earlier stages.
GST has made the home buying easy and hassle-free for you. Now it’s your turn to choose the best home and make your dream come true. If you are looking for 2 RLK apartments for sale in Vile parle, take a look at Jai Vijay – a project of 2 and 3 BHK apartments with the perfect blend of beauty, luxury, connectivity, and convenience. Built with an array of lavish amenities, this residential project in Vile Parle is a great deal to consider.
To know more about Jai Vijay (The project has been registered via MahaRERA registration number P51800004446)