Taxman agrees GST evasion by builder can’t be tackled

Depending on how much builders across the country cut GST rates on under-construction housing—from 12% to 5% in the case of normal housing and from 8% to 1% in the case of affordable housing—the market for real estate should get a big fillip; indeed, the reactions of most builders over the weekend, when the proposal was announced, suggested that large cuts would be made in the retail prices. It wo…