Govt collects over Rs 96,000 Cr GST Revenue

By Accommodation Times Bureau NEW DELHI The Total Gross GST Revenue collected in the month of July 2018 is Rs. 96,483 crore of which CGST is Rs. 15,877 crore, SGST is Rs. 22,293 crore, IGST is Rs. 49,951 crore (including Rs. 24,852 crores collected on imports) and Cess is Rs. 8,362 crore

Omkar to launch mixed-use realty hub with estimated Rs 22,000 Cr topline revenue

By Accommodation Times News Service NEW DELHI Omkar Realtors & Developers is set to launch one of the country’s biggest mixed-use realty hub with an estimated Rs. 22,000 crore topline revenue under the brand name Omkar International District (OID), located near Andheri highway in Mumbai has notched up over 700 EOIs (Expression of Interest) from domestic and

GST remains challenge in Gujarat

By Accommodation Times Bureau AHMEDABAD Gujarat’s rapid progress in key macroeconomic parameters has been impressive and it has shown a lead to the overall economic development but GST remains one of the big challenges, said the Chairman N. K. Singh, Chairman of the visiting Fifteenth Finance Commission at a Press Conference in

Indore Was The Only City To See Flourishing Market After GST And RERA

With soaring property rates, extreme implications of demonetization and also the implementation of RERA and GST, Indore’s land registry department's income still improved by around 20%. By Mr. Devendra Dungarwal Founder, Parshwa Royal Developers and REMC, Indore (25 years of experience in land investment) Indore, being the key hub for education, IT and also

FAQs on GST on Real Estate

By Accommodation Times Bureau   Q. 1) Whether sale of a Flat / House by a builder / developer is a supply of a service or a sale of immovable property under GST law? Ans. 1) As per the clause 5(b) of the Schedule II of CGST, Act, 2017, construction of a flat / house

Kolhapur: GST will lead to increase in estate fees collection

 By Accommodation Times Bureau The tenants or the legal occupiers of properties owned by the Kolhapur Municipal Corporation (KMC) will have to pay more estate fee under the newly-implemented goods and services tax (GST) regime. The tenants have to pay annual estate fees, which comprises the service tax to the civic body. The

Builders seek 6% GST, NAREDCO writes to PM

By Accommodation Times Bureau Realtors' body NAREDCO has written to the Prime Minister seeking lower GST of 6 per cent on sale of under-construction property from 12 per cent as higher tax will lead to price rise and affect sales. It has also sought exemption of Good and Services Tax(GST), to be rolled out

Government introducing GST awareness drive for public

By Accommodation Times Bureau The Central government has initiated its media ‘Blitzkrieg’ to make the common man aware of how the upcoming Goods and Services Tax (GST) will reduce prices of most goods. In the advertisements, appearing  in the leading daily newspapers, pictorial representations of items which are exempt from GST is