Unfinished home GST hurts

The goods and services tax (GST) on real estate projects under construction is squeezing the cash flow of realtors as many buyers are waiting for finished homes or opting for old ones to escape the tax, multiple stakeholders have told The Telegraph. Buyers of under-construction properties, including flats, across the country are being asked to pay as GST 12 per cent of the agreement value. But no…