Published Paper Details:

From July 1, 2017, the Goods and Services Tax will replace multiple taxes levied by the central and state governments and get subsumed of all the indirect taxes, including central excise duty, commercial tax, octroi tax/charges, Value-Added Tax (VAT) and service tax. The RERA Act was passed in the 2016, subsequently the GST Act was passed in 2017. Since January 2020 India is facing crisis of Covid-19. All these Acts makes positive and late negative impact on the construction industry. The researcher studied the both the Acts from Builders and customers point of view. Both Acts have positive impact on the construction industry in the long run. The contractors and builders will be shouldered responsibility of providing the quality product to their customers due to RERA Act. GST also increased the coverage of tax as builders will have to purchase the material from registered dealer to avail the credit. After the introduction of GST, other taxes are subsumed the rates of materials reduced slightly, the benefit of which ultimately goes to the customer. But due to Covid-19 pandemic situation the purchasing power capacity of many people decreased. People were focusing only on basic needs and it had adverse impact on the construction industry. In short, the customer will be more beneficial on account of Quality product with lower prices.