Gst impact on construction industry in india
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The GST council has agreed upon the 4 rate structure for levying tax on various goods and services i.e.
5%, 12%, 18% and 28%.
It is expected that the rate of GST that may be applicable on this sector would be mostly 12%.
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The GST council has agreed upon the 4 rate structure for levying tax on various goods and services. Therefore, it would reduce the tax costs substantially in the construction industry.
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