shall i start my house construction after gst???

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santhosh16 (Querist)

20 February 2017 i have 200 sqyd plot in Hyderabad, i am planning to construt g+2 house. i read in news that after GST bill construction cost will go down as building material will put under low tax slabs. after how much or % of construction cost will get reduce per square feet?? if u have any idea please advise me.

Guest

Guest (Expert)

20 February 2017 What do you mean by saying that you are planning to build g+2 house? Are you going to give power of attorney to builder and sell the built houses or or u will be building and letting out to other or self occupying?

santhosh16

santhosh16 (Querist)

21 February 2017 it means ground and 2 floors

santhosh16

santhosh16 (Querist)

21 February 2017 not to sell for myself and for giving rent

Guest

Guest (Expert)

21 February 2017 According to the draft rules of GST the benefits of fall in taxes need to be passed to consumers. But its not clear how they are going to implement. So its better to defer till GST

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