Steep hike on Taxes on stage demand after GST

Review On House of Hiranandani, Chennai

With the introduction of GST, the builders avail input credit for the purchase of Materials and this reduces cost of construction. The various real estate expert reviews also clearly indicates that there is substantial benefit to builders with GST and government / CBEc has also asked builders to pass on the input credit benefit to flat buyers by way of reduced base price. However, the stage payment demand that I  received from HoH for underconstruction project in Egattur, Chennai has increased taxes by more than 100%. I wrote to company officials but so far there is no reversal nor reason why the quantum of tax has more than doubled and why the input credit is not passed on to flat buyers. I am including below an article from Economic Tmes dated July 07, 2017 on GST for under construction property where

https://economictimes.indiatimes.com/articleshow/59473345.cms?utm_source=conten
tofinterest&utm_medium=text&utm_campaign=cppst I am at loss to understand why such a reputed builder is not passing the benefit of input credit to buyers and burdening buyers with steep increase in Taxes post GST

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