The Thugs of Real Estate
Central and state governments levied 5.5-6.5 per cent taxes on the under-construction properties before GST came into effect. After GST implementation, real estate was placed under the 12 per cent tax slab.
Following this, many builders raised prices though they could claim input tax credits against products and services after paying the taxes. Thus, though their tax liability came down considerably in the GST-era due to tax refunds, they did not lower prices of the apartments.
No wonder now many of these guys want the Govt to do away with Anti-Profiteering systems.
They need to refund everyone's extra charged money. more
But Salary ranges 15000 to 45000 maximum for common non linked people. more