Input Tax Credit Removal On Select Items Revive Black Money Fears: Experts

The government last month slashed the goods and services tax (GST) on the real estate sector, but along with that it also did away with the input tax credit (ITC), which experts and analysts feel goes against the very purpose of tracking the money trail and curbing black money. Under-construction properties and affordable housing are the latest segments under GST, after restaurants, to have been d…