Experts' Take
Arvind Singh, Managing Director, K-Rasa Group
The fundamentals behind levying an additional burden of VAT needs to be understood as any such step might affect the demand in the realty sector which otherwise has been suffering from a lower demand. We respect the judgment of our apex court, but will also request the people working on it to also work on problems which the realty sector faces. Implementation of VAT will add up to the cost and increase the burden on the buyers.
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