It is a frauud. Just like every thing in REAL ESTATE.
Real estate in India is most fraudulent, corrupt and notoriously opaque sector where every one wants to make a killing - in that process jacking up prices artificially.
Half of India's economy is stuck in inflated real estate properties. The tragedy is no one wants to buy them and people who have already invested can not come out.
Just like every thing in Indian real estate . affordable housing is bogus.
Re: GST
by Sandeep Singh on Mar 12, 2018 04:42 PM
GST is on materials used to construct a property while stamp duty is paid for registration of property in government records. There is no chance of GST refund to buyer, the only thing is if a particular state Govt. is willing to cut stamp duty to compensate for GST for first time registration only..