GST on real estate: A slightly higher rate with input tax credit could be a better option

The real estate sector has been a priority of the government with its target of  ’Housing for All by 2022‘.  The sector is also one of the largest contributors to India’s GDP. However, the real estate sector has been grappling with a slowdown triggered by various issues, including the Goods and Service Tax (GST). Some of the issues are higher tax rates on inputs such as cement (taxed at…