An Analysis of Impact of GST in Real Estate Sector

Author – M.Srihariprasath, Student of Saveetha School of Law, SIMATS

Best Citation – M.Srihariprasath, An Analysis of Impact of GST in Real Estate Sector, Indian Journal of Legal Review (IJLR), 3 (1) of 2023, Pg. 690-696, ISSN – 2583-2344.

Abstract

           In this article we are going to deal with the role of GST in the real estate sector, and the impact of GST in that sector. The year 2017 brings a huge change in the financial side of our nation,and it leads to so many protests among the people of  our nations. The reason for the huge changes and the protests is only because of the three letter abbreviations “GST”. The GST is an indirect tax replacing so many indirect taxes in India such as the excise duty, VAT, services tax, etc. The GST foots his leg in all the products and its sales, and it didn’t even leave the Real estate sector. The present analysis was made through a random through a random and convenience sampling method where the survey was taken from common public, professionals, etc. The sample size in the present analysis is 200 samples, the independent variables in this analysis are gender and age, the dependent variables are reliable. The research tools used in the present paper such as graphical representation was also used to analyse the study.The objective of the research is to know about the people’s opinion about the gst impact in the real estate sector, and to know what are the changes happening in the real estate sector due to implementation of GST, to know whether gst is making a positive or negative impact in the real estate sector.

Keywords: GST, tax, indirect tax, real estate, implementation, changes, independent, etc.,