Housing prices will come down after GST rollout: Venkaiah Naidu
The minister emphasised that the Centre and states need to implement the new real estate law in an effective manner. Photograph: (Zee News Network)
Union minister Venkaiah Naidu said on Friday housing prices will come down after the rollout of Goods and Service Tax (GST) on June 30.
"As Urban Development and Housing Minister, I am the happiest man that with the GST, prices of houses will definitely come down," Naidu said.
He also added that the only people opposing the GST are habitual tax evaders.
"If anybody is opposing the GST, it is habitual tax evaders. Larger builders community is happy, except fly-by- night operators," he said.
GST will bring the Indian economy under a single tax bracket. Six slabs of taxation have been proposed by the council, ranging from zero per cent to 43 per cent.