Along with property, GST will bring down prices for all other products too.

INDOLINK Consulting's blog - Your business blog to India

Source: Business standard, Feb 27, 2012

Mumbai: Inclusion of the real estate sector in the proposed goods and services tax (GST) regime — which seeks to make the whole country a single market — will bring down property prices by a whopping 20 per cent, according to 13th Finance Commission chairman Vijay Kelkar.

“The present system of levying stamp duty on property deals will go away once realty is included in the GST, and our internal studies point out that prices for consumers will come down by 15 to 20 per cent if this is done,” Kelkar told PTI here over the weekend.

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Posted on February 28, 2012, in Uncategorized. Bookmark the permalink. Leave a comment.

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