GST rate for the construction sector to 18% from 12% earlier, but removed land value from computation of tax liability. Construction of complex, building, civil structure, including a complex or building intended for sale to a buyer, wholly or partly, will attract a GST rate of 18%.
Therefore, it would be better if you exit from the construction sector, lock, stock.and barrel, till more clarity comes out. Book profits in Unitech Ltd at Rs.6.05 and exit the counter.
4. Those who were looking for dips to enter Power Finance Corporation Ltd (Rs.122), can think of entering at Rs.122-123, for a target of Rs.170. Premium Members have already been recommended another very good divided paying counter.