PRE-BUDGET: Rationalise GST rates by capping at 6% says Niranjan Hiranandani

By Accommodation Times Bureau MUMBAI Dr. Niranjan Hiranandani - National President - NAREDCO & CMD Hiranandani Communities. "The real estate sector has been at the forefront of the Indian Governments agenda given its potential to propel economic growth significantly. It is imperative that this sector gets the due weight in the upcoming budget

Recommendations made on GST Rate changes on services by GST Council Meeting

By Accommodation Times Bureau NEW DELHI The Union Finance Minister Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended many relief measures regarding GST rates on goods and services covering many sectors and commodities.  The Council has also recommended issuance of certain clarifications on issues

Effective GST rate on under-construction real estate at 12%

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

GST council to publish Post-GST product rates

By Accommodation Times Bureau Delhi/NCR: In order to propel the companies to pass on gains, the GST Council is going to soon start publishing rates of various products. Noticeable is that, some states were creating pressure for the same on GST council. "To begin with, 150 items will be taken up. It will have

Different Views On GST’s Impact On Housing Rates

By Accommodation Times Bureau About the impact of GST on housing prices , Naredco and Credai today gave contrasting outputs , highlighting the confusion in the GST sector ,regarding the new indirect tax regime. While Naredco mentioned that there will be no inflationary impact on housing prices once the GST will take

Project Saksham and CBEC IT system to integrate with GST

Project Saksham and CBEC IT system to integrate with GST

By Accommodation Times News Service To help with the roll-out of the goods and services tax (GST), the Cabinet Committee on Economic Affairs approved a new indirect tax network for systems integration of the Central Board of Excise and Customs (CBEC). Known as Project Saksham, it has a total project cost of