Are realtors evading GST with fake invoices?
Are real estate developers using fake invoices to lower their GST payments by claiming input tax credit or are slow sales forcing them to claim higher credit for taxes paid on inputs such as steel, cement, paints and sanitary fittings? Whatever be the reason, a study of top 88 builders has shown that their GST payment is as low as 0.4% in Noida to 4.8% in Chennai, with the average paym…