April 23, 2024: The overall construction cost in the country will experience an average increase of 6% across various sectors in 2024, according to JLL’s latest Construction Cost Guide released recently. Among the cities, … READ FULL STORY
The regime of indirect taxation in the real estate industry, started as recently as 2004, when service tax was applied to works contracts of commercial properties. It was then introduced to residential properties and … READ FULL STORY
Service tax and VAT are applicable, only on properties that are booked at under-construction stages. So, both these taxes cannot be levied on properties that are purchased, after the builder has obtained its completion … READ FULL STORY
