Highlights 1 The government asked builders to pass on the benefit of lower tax to buyers. According to the new circular, the builder has to pass the input credit to the buyers. The dream to own a house is set to get costlier once GST gets implemented as buyers will have to pay 12% GST. Under the GST, the full input credit will be available for offsetting the headline rate of 12 per cent. Also Read:GST is almost here: How input tax credit makes it a game changer reformWhat is the GST bill?

Source: India Today June 25, 2017 06:56 UTC