Anti-profiteering and issues concerning affordable housing

With the roll out of the Goods and Services Tax (GST) with effect from July 1, 2017, there has been a paradigm shift in the indirect taxation in India. With the introduction of GST, the ultimate expectation of stakeholders of the real estate sector was reduction in the effective tax rate, the benefits of which could be passed on to the home buyers making houses affordable. In order to successfully…