The Goods and Services Tax (GST), which is believed to be the largest tax reform till now, can end the current complex and obscure tax structure. In order to reduce the gap between government, developers and consumers, MagicBricks recently organized a program called Real Estate-Rare and GST era in New Delhi. This step with a single indirect tax-structure system is expected to be more comfortable in tax collection across India. GST Council has fixed the rate of 18 percent GST for under construction property, in which the full input tax credit (ITC) for the real estate sector excluding the cost of land is included. We are going to tell you in detail detail all the rules put under GST above the property sector.