How does the new GST regime impact real estate and home buyers?

Benjamin Franklin once quoted taxes as one of the inevitable certainties in this world – and, when it comes to purchasing residential real estate in India, homebuyers have had to deal with many such complexities. From Value Added Tax (VAT), Entry Tax, and Central Excise to Octroi, Service Tax, and LBT, the process of buying a home conventionally came with a multitude of indirect taxes, all of whic…