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Builders urge govt for abatement of land value in GST to avoid rise in home prices

Builders body Confederation of Real Estate Developers Association of India (CREDAI) has urged the government to consider accommodating the abatement of land value in the new goods and services tax (GST) regime to ensure that home prices don’t rise.

Builders feel while for all other sectors GST comprises of their total indirect tax liability, for real estate GST regime does not eliminate multiple taxation.

Source: ET Realty