GST structure in place clarifications awaited

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GST, the revolutionary tax reform, scheduled to be implemented from April next year is going to transform the entire business environment in the country. Real estate sector, too, will come under its all-pervasive domain. But it is still unclear what tax slab it will come under, will benefits under abatement scheme continue or whether credit for input tax would be allowed if the composition scheme has been availed by developers.

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