GST (Goods & Services Tax)

ITREND Homes | Convertible Homes | 1BHK in Hinjewadi | 2BHK in Hinjewadi

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Whether there is any provision under GST to decrease the Price of flats? | Trend Homes | Residential Apartments for sale in Hinjewadi

Yes under section 171 of GST law it is mandatory to pass the input tax credit benefit to buyers. This clause is also called as Anti-Profiteering Clause. As per the said clause, the promoter/developer has to pass reduction of any tax rate to the flat purchaser by way of commensurate reduction is sale prices. The concerned authorities under GST have given powers to verify the same.

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