By Accommodation Times Bureau On the completion ‘One Year of GST’ various real estate players, housing finance firms, and others expressed their views on it and even gave the suggestion of what needs to be changed. The experts are CEO, MD, and CMD of their firm/company. Arvind Hali, MD and CEO, ART
By Accommodation Times Bureau To curb investors and speculators in real estate, Govt is coining an idea to impose #GST on Real Estate Transaction. GSt is applicable on all under construction transactions. In Washington, Finance Minister Arun Jaitley was talking on 'Annual Mahindra Lecture' on India's tax reforms at the prestigious Harvard University. He
By Accommodation Times Bureau The triple impact of Demonetization, RERA and now GST have brought dramatic changes in regulatory, tax and business environment in India. The implementation of these landmark developments within a short span of time is bound to create short term problems till our economy gets accustomed to it.
By Accommodation Times Bureau Last year’s demonetisation and the July 1 rollout of Goods and Services Tax have affected the already struggling real estate sector. Dehradun alone has over 100 group projects where thousands of flats are under different stages of construction. Real estate industry insiders say that building maps of over 14 projects
By Accommodation Times Bureau The effective GST rate on under- construction real estate projects will be 12 per cent only and not 18 per cent as there will be abatement for land cost, according to tax consultant EY. Realtors' body CREDAI President Jaxay Shah also said that the effective GST rate would remain at 12
By Anuj Puri, Chairman - JLLR (JLL Residential) Accommodation Times Bureau The Goods and Services Tax (GST) is beyond doubt the most revolutionary tax-related reform to be seen in India in several decades, since it will eliminate the conflicting and cascading taxation structures which have confounded several industries over the past few
By Kunal Gandhi Accommodation Times News Services According to Delhi’s deputy CM land and real estate should be brought within the goods and services Tax regime and consumer durables should be taxed at the lowest slab, to make the new indirect tax regime consumer friendly. He furthermore stated that keeping land and real estate outside the purview
While the goods and services tax (GST) tax structure has been announced, the real estate industry is waiting with bated breath to see which tax rate is applied to the real estate and construction industry. Given the Finance Minister’s clarification that the highest tax slab will be applicable to ‘sin’ items