The Goods and Services Tax was rolled out on July 1st by President Pranab Mukherjee and Prime Minister Narendra Modi, transforming India on the principle of ‘One Nation, One Market, One Tax’. The new tax regime has subsumed a host of indirect taxes by implementing a simpler tax on goods and services. Whether you are a buyer, seller, developer, intermediary, financier or investor, GST will impact everyone in the real estate sector in many ways.
