GST for Housing Societies in Maharashtra

By Accommodation Times Bureau Registration : A Co-op Hsg Society is required to be registered under GST if the Aggregate turnover exceeds Rs 20 lakhs annually. Aggregate turnover shall include all taxable and exempt services. Aggregate turnover means all billing other than Municipal Tax & Sinking Fund, but includes Interest received from

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

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing

By Accommodation Times Bureau In its 25th Meeting held on 18th January, 2018, the GST Council had made several important recommendations for the Housing Sector which have come into force with effect from 25th January, 2018. The recommendations are expected to promote affordable housing for the masses in the country.   One of the important recommendations made

RERA, REITs, GST, etc to spur the housing & construction activities: Puri

By Accommodation Times Bureau DELHI Minister of State of Housing & Urban Affairs, Hardeep Puri, stated at the exclusive intuitional event held here today, that the Government has granted infrastructure status to affordable housing which will enable these projects to avail the associated benefits such as lower borrowing rates, tax concessions and increased flow of

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

Services by way of renting of residential dwelling for use as residence is exempted under GST

By Accommodation Times Bureau ‘Renting’ has been defined in section 65B as ‘‘allowing, permitting or granting access, entry, occupation, usageor any such facility, wholly or partly, in an immovable property, with or without the transfer of possession or control of the said immovable property and includes letting, leasing, licensing or other similar

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

GST on Construction Materials May Get Reduced

By Accommodation Times Bureau Following a series of complaints by state finance ministers the GST Council may reduce the number of products in the highest slab of 28%. The ministers have lodged complaints that several everyday commodities are facing the highest tax, causing asperity to people. At least two state finance ministers have alleged the council