Lisa Nickerson, real estate expert; Starter townhouse in Hanover: Sconset Landing · Sharon Viens, broker; Starter home/ 74 Prospect Avenue, Lynnfield; Starter condo/321 Harvard Street, Cambridge: https://www.compass.com/agents/boston/bruce-irving/ and https://www.compass.com/agents/boston/john-bigelow/
What is the impact of GST bill on real estate industry?
↪ Source from Times of India.
GST’s impact on the realty sector
↪ Under-construction homes to attract GST.
↪ Leasing and renting of land and building would invite GST.
↪ GST to be levied on EMI of under-construction property.
↪ Tenancy and leasing would be considered as rendering the service under the GST bill.
Real estate to come under the GST ambit within one year of roll-out, which means stamp duties will continue to be levied till then.
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