PUTRAJAYA: Property developers have no reason to raise prices of houses from April 1 because they can claim back the costs incurred through taxable supplies under the Goods and Services Tax (GST).
Raizam Mustapha, Customs Department’s senior assistant director (property, construction and professionals), said developers could claim Input Tax Credit (ITC) for commercial properties and also for the GST incurred for infrastructural and recreational works of mixed development projects.
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