New GST regime may hurt builders, says expert

Mandates higher rate for inputs from unregistered firms  Real estate developers have to pay more taxes under Goods and Services Tax (GST) for residential projects, if they source a bulk of their inputs (like cement and capital goods) from unregistered dealers. For residential projects started after April 1, 2019, the builder has to mandatorily charge customers a concessional rate of 5% or 1%…