While investing in an under-construction project, of the many important details that a home-buyer should be aware of the Goods and Services Taxes (GST) that is levied. This is a tax that the home-buyer … READ FULL STORY
Of the many taxes that home buyers have to pay to the government is the Goods and Services Tax (GST). In the last few years, there have been changes made to the GST regime … READ FULL STORY
Hyderabad, a thriving business hub, is witnessing remarkable growth in various industries. This surge has created a symbiotic relationship between the corporate landscape and the real estate market. The city’s strategic location, coupled with … READ FULL STORY
Chennai, the capital of Tamil Nadu, has been a business hub for years. The city has a wide range of companies and industries which significantly contribute to the country’s monetary growth. One of the … READ FULL STORY
India’s economic landscape is experiencing remarkable growth, propelling it to the ranks of the world’s fastest-growing economies. Projections indicate that it will soon claim the seventh spot among emerging markets and developing economies (EMDC), … READ FULL STORY
ITC’s Sankhya is the world’s first data centre that is LEED Zero Carbon certified by the US Green Building Council (USGBC). This certification is valid for 3 years with the backing of a net … READ FULL STORY
The Union Budget 2021-22 offered three significant boosts to the real estate sector – extended tax benefits for the affordable housing segment, debt financing provisions for REITs and InvITs and more funds for infrastructure … READ FULL STORY
Diversified conglomerate ITC Ltd, on June 5, 2019, said it has joined hands with the Pune Municipal Corporation (PMC) and a waste-pickers cooperative, to collect and process multi-layered plastic (MLP) waste in the city. … 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
Residential real estate sales saw some moderation in January 2019 (-4.6% yoy) and this is likely to accelerate in the two months up to March 2019, owing to the change in the rate 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), 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
