maharashtra credai has proposed to finance department officials that the land cost be deducted while calculating goods and services tax and input cost be passed on to consumers after three years instead of one yearstate credai president shantilal kataria told toi on tuesday that they had sought intervention of the finance department as they feel that if the burden increases on developers it is bound to be passed on to consumersland does not fall under goods or services hence land cost should be deducted while calculating gst the real estate business being of a peculiar nature which usually takes 35 years for completion the input credit should be allowed to be taken for three years and not one year said katariaon sunday the finance ministry had issued instructions that developers should pass on any reduction in prices of underconstruction buildings due to input tax credits to buyers after gst is introduced next month