|| Volume 5 || Issue 8 || August 2020 || ISSN (Online) 2456-0774 INTERNATIONAL JOURNAL OF ADVANCE SCIENTIFIC RESEARCH AND ENGINEERING TRENDS WWW.IJASRET.COM 92 IMPACT OF GST ON CONSTRUCTION INDUSTRY Swati P. Sangolkar,S.S. Wadalkar M.E (Civil Engineering) D.Y. Patil College, Pimpri. Pune, India swati22sangolkar@gmail.com Department of civil Engineering D.Y.Patil College, Pimpri Pune, India wadalkarshruti@yahoo.in Abstract: The goods and service tax (GST) is a value added tax levied in India on the supply of goods and services. It is a comprehensive multistage, destination based on one nation one tax. Goods & Service Tax has made large scale changes in the working pattern of all the sectors of Indian Economy. One of the sectors is construction industry. GST on construction sector hiked to 18%. The government has hiked the Goods Service Tax Rate for the construction sector to 18% from 12%. But it also allowed deduction of land value equivalent to one third of total amount charged by the developer for GST calculation. In this paper the factors which affect the construction industry through GST is identified. And the analysis of identified factors has been done. Keywords— Construction industry, good service tax (GST), economy. ------------------------------------------------------ ------------------------------------------------- I INTRODUCTION 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 admire initially, intelligence considerate the form management as well as the direction of economic aspects is not done as per the required terms. Often there are alternative taken to deal with the tax boost activities, which is making the construction industry level to the cursed effects of GST on its working and is assign the random sector. There are illusion that construction sector is facing a slow down due to GST, there is a growth in the cost of materials, devices as well as personnel due to GST, but the actual status is being calculation by taking an surviving building if construction as per the old system of tax collection and if the same is constructed as per the GST reign. Introduction of Goods & Service Tax has made enormous changes in the working pattern of all the sectors of Indian recession. The disparity in the cost is calculated on unit basis to check the effects of GST on Construction Sector. The detailed studies starting from the incubation stage to the submitting stage would detail in where is the area of disquiet where the cost of project has affected due to GST appliance. These consideration not only give a fair drawing of what all area of concern are to be seen to close out the avoidable charge but it will also help the project executive to evaluate and form such itinerary. Those are met with as per the lineup cost and time frame to avoid the effects of cost deviation in the building construction industry. So, to get a fair picture of increase or decrease in cost due to GST, detailed study of a project before and after GST is done for a check in cost deviation. This alteration introduced a national Goods and Services Tax (GST) in India from 1 July 2017. The Goods and Service Tax Bill was approved in the SANSAD on March 30, 2017, with four extra commandments-  The Central GST charge  The Integrated GST charge  The GST charge  The Union Territory GST charge. In Construction industry, there has always been a need to improvise the way of working to achieve better results, saving in time, energy and cost. In doing so, there are lot of shortcuts taken, lots of time saving activities are conducted which results in inadequate data regarding all aspects of the projects. There are certain things which are completely absent when it comes to documentation of all the project data on completion of project. In all these things, there exists a scope of improvement, in order to regularize this; the