Buyers find ways to avoid steep GST on flats being built

Prospective flat  buyers are indulging in innovative ways to circumvent paying the 12% GST levied on under-construction flats. GST on such projects is one of the main reasons that have kept purchasers away, said builders.  Some builders have found a way out for the prospective buyers. They show the booking amount as a 'loan' given by the buyer to its subsidiary company and once the build…