With the results of the Lok Sabha elections 2019 showing a return of the Modi government with full majority of its own, the expectation across the realty sector is that of optimism. According to … READ FULL STORY
The proposal to reduce the Goods and Services Tax (GST) rate on under-construction projects, will have positive implications for the sector. Considering that the modest turnaround witnessed in 2018 was driven primarily by sales … READ FULL STORY
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
Recently, the GST Council slashed the Goods and Services Tax (GST) rate on under-construction homes. With this, home buyers are trying to assess the impact of the rate cut. We look at some of … READ FULL STORY
The GST Council, at its meeting on February 24, 2019, reduced the Goods and Services Tax (GST) rate on under construction properties from 12 per cent with an input tax credit (ITC) to 5 … READ FULL STORY
The Goods and Services Tax (GST) Council in its meeting held on February 24, 2019, has taken a decision to reduce the GST rate on under construction properties, with effect from April 1, 2019. … READ FULL STORY
The proposal of the GST Council, to reduce the Goods and Services Tax (GST) rate on under-construction properties, will likely have mixed implications for the sector, with consumers for high-price inventory (such as Mumbai … READ FULL STORY
Here’s a Utopian vision: the government would announce a Goods and Services Tax (GST) rate cut, home buyers would cheer up since prices would reduce marginally and the market revives. Really? The biggest paradox … READ FULL STORY
Traditionally, property investment has been viewed as a safe and stable long-term asset in India. It is often an emotional decision for Indians and is perceived as an indication of one’s status and wealth … READ FULL STORY
The applicability of the Goods and Services Tax (GST) in the Indian taxation system, was a move aimed towards ‘one nation, one tax’. After land abetment, the applicable GST for under-construction properties was 12 … READ FULL STORY
The Goods and Services Tax (GST), a revolutionary tax reform that was rolled out on July 1, 2017, has effectively replaced multiple taxes like VAT, central excise duty, commercial tax, service tax, octroi, etc. … READ FULL STORY
The government, on February 7, 2018, asked builders not to charge any Goods and Services Tax (GST) from home buyers, as the effective GST rate on almost all affordable housing projects is eight per … READ FULL STORY
Under the present service tax laws, normally, it is the supplier of the services, who has to collect the service tax from its clients/customers and deposit the same with the government. However, there are … READ FULL STORY
