Impact of GST on Construction Projects in Amravati Region.

Introduction of Goods & Service Tax has made large scale changes in the working pattern of all the sectors of Indian Economy. The Construction Sector, often known as an “unorganized sector� has been hit by it the most as in construction sector, there are large number of activities involved, a big budget is put up initially, knowledge regarding the document management as well as the management of financial aspects is not done as per the required terms. Often there are shortcuts taken to deal with the tax enhancing activities, which is making the construction industry prone to the bad effects of GST on its working and is regularizing the unorganized sector. There are myths that construction sector is facing a slow down due to GST, there is a rise in the cost of materials, machinery as well as man power due to GST, but the actual scenario is being studied by taking an existing building if construction as per the old system of taxation and if the same is constructed as per the GST regime. The difference in the cost is calculated on unit basis to check the effects of GST on Construction Sector.