Stringent GST rules make path tough for construction sector; here’s what changed real estate economy

Goods and Services Tax was introduced on the midnight of 1st July 2017 with the objective of “one nation, one market, one tax” fused a large number of Central and State taxes into a single tax. The single biggest indirect tax regime kicked into force, dismantling all the inter-state barriers with respect to trade. The GST rollout, with a single stroke, converted India into a unified market of 1.3…