GST on houses: Nine months after rollout, confusion reigns supreme resulting in buyers feeling cheated

The Goods and Services Tax (GST) is hardly a year old, having been rolled out on 1 July 2017. While it is still beset by procedural hassles, confusion reigns supreme in the market for residential houses. There exits a mistaken view that ready-to-occupy flats with occupancy certificates (OCs) are free from GST. And that builders charging a GST on such ready-to-occupy flats are cheating buyers.…