How to calculate GST?
The indirect tax imposed on the provision of goods and services is known as the Goods and Services Tax or GST. With effect from July 1, 2017, GST replaced all indirect taxes in India … READ FULL STORY
Taxation
Tag: GST Rate
Property Trends
Amid COVID-19, builders lure home buyers with Gudi Padwa offers
As Maharashtra enters a ‘semi-lockdown’ situation, amid record-high Coronavirus infections nationwide, the construction sector is also facing an impact. Developers are once again dependent on virtual marketing efforts and serious home buyers are keen … READ FULL STORY
Taxation
Applicability of GST on flat maintenance charges
Flat maintenance charges are a routine expense for residents living in housing societies or apartment complexes, covering services like security, cleaning, and common area upkeep. However, these charges often come with an additional cost: … READ FULL STORY
Property Trends
Input tax credit or no input tax credit: What will the real estate sector choose?
As announced during the interim budget 2019, the GST Council has reviewed the Goods and Services Tax (GST) rates on the real estate sector. Accordingly, the developers of residential projects which are incomplete as … READ FULL STORY
Current News
GST: How will GST impact the Indian Real Estate sector ?
With 4 crucial bills on GST being passed in the Lok Sabha on March 29, 2017, it’s now a certainty that the GST would be implemented from July 1, 2017. The GST is being … READ FULL STORY
Current News
Tax structure of the GST
The Goods and Services Tax (GST) regime has came a step closer to meet its July 1, 2017 target of rollout, with the Lok Sabha approving four supplementary legislations. The Central GST Bill, 2017; The … READ FULL STORY
Current News
Credai expects GST rate to be neutral for housing sector
The apex body of private real estate developers, Credai (Confederation of Real Estate Developers’ Associations of India), on February 7, 2017, said that it is expecting a revenue-neutral GST rate without any adverse impact … READ FULL STORY
