Journal Press IndiaTM

Impact of GST on Industry with Special Reference to the Real Estate Sector

Vol 6, Issue 1, January - June 2019 | Pages: 28-36 | Research Paper

Author Details ( * ) denotes Corresponding author

1. * Sandeep Jain, FCA, Fellow Chartered Accountant, Delhi, India (

The introduction of GST in India has ensured uniform exemption list, uniform rates and uniform collection procedures throughout the country. For the industry, this implies a shift from a complex system of multiple tax rates and collection procedures to a new system that is technology-based, transparent and free from distortions. This paper outlines the benefit of GST for the industrial sector with special emphasis on the real estate sector. Real estate is an important sector of the Indian economy in terms of contribution to GDP and employment. With various concessions announced by the GST Council from time to time for the real estate sector, the sector is bound to get a boost. At the same time, the government will also ensure proper monitoring of one of the most unregulated sectors in India, by ensuring that the rate cut benefits are passed on to the neo and middle-class home buyers.


GST; Tax cascading; Tax compliance; Real estate sector

  1. Bhattarai, K. (2017). Impacts of GST reforms on efficiency, growth and redistribution of income in India: A dynamic CGE analysis. MPRA Paper 92139, University Library of Munich, Germany.
  2. Gupta, S. (2016). Goods and services tax (GST): A comprehensive and uniform indirect tax reform in India. VISION: Journal of Indian Taxation, 3(2), 31-53.
  3. Mohanty, P. & Chandran, A. (2017). GST and the paradigm shift: A peripheral view. VISION: Journal of Indian Taxation, 4(1), 51-67.
  4. Mukherjee, S. (2019). Inter-governmental fiscal transfers in the presence of revenue uncertainty: The case of goods and services tax (GST) in India. Working Papers id: 13034, eSocialSciences.
  5. Samantara, R. (2018). A critical appraisal of goods and services tax in India. VISION: Journal of Indian Taxation, 5(2), 55-71.
  6. Sehrawat, M. & Dhanda, U, (2017). GST in India: A key tax reform. Working Papers id: 11851, eSocialSciences.
Abstract Views: 455
PDF Views: 65

Advanced Search


JPI Important Announ...

Greetings from Journal Press India!! As the world community is work...

Re-launch of JPI web...

In its endeavour to keep progressing towards facilitating high-quality...

Call for Reviewers

In keeping with JPI’s policy of commitment to high standards of ...

JPI launches “Conf...

JPI has launched ‘Conference Solutions’ that provides a co...

Call for papers

JPI invites original and unpublished manuscripts in the areas of comme...