The continued burden of GST for commercial real estate development

Goods and Services Tax, effective in India from July 2017, is an all-encompassing indirect tax regime that has brought a tectonic change in the landscape of Indian taxation, and many of us feel a sense of pride to have lived through this monumental event and transition. GST was to be panacea to the multitude of inefficacies that plagued the real estate sector under the earlier indirect tax regime.…