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Winners And Losers From Passage Of Landmark GST Reform: 10 Facts
Rajya Sabha on Wednesday backed Goods and Services Tax reform It will harmonize 11 state and central levies into a national sales tax Economists project 0.4-0.8 percentage point rise in growth post rollout
04 Aug 2016, 04:22 PM IST 
The realty sector is expected to benefit from lowered construction and procurement costs and funding.
GST will harmonize 11 state and central levies into a national sales tax, reducing business transaction costs.
Typically, these taxes in aggregate constitute around 25 per cent to 40 per cent of the price of products with certain categories being taxed at lower rates.
Economists project an increase of 0.4-0.8 percentage points in India's economic growth within three to five years of GST rollout.
The real estate sector is expecte...
