GST rate slash for affordable housing doesn’t benefit flat buyers

The Centre’s decision to slash  GST from 12% to 8% for affordable housing projects may not have benefited apartment  buyers fully because of continuing anomalies in the GST structure. Between what the developer spends as GST on construction and what he collects as GST from the buyer is a shortfall of more than Rs 50 per sqft. As  developers increase  cost of apartments to recov…