President, Jaxay Shah said that 12 percent GST rate on affordable housing is only for work contractors. If in case a developer involves a work contractor in his project, the developer cost will bring down by 6%. To make projects cost-efficient, developers are preferring to construct projects ...
Through a recent announcement, the real estate sector witnessed huge leverage in the GST charged on its various segments. The Tax for under-construction housing and affordable housing projects has been cut down by the Government and is brought to 5 percent and 1 percent respectively. The ...
Recently the Government has taken very welcome changes in GST by giving major relief to home buyers by reducing GST rates on under-construction housing projects to 5% from earlier 12% and to 1% for affordable housing from earlier 8%, threshold limit of registration for supplier of goods is ...
In its 25th meeting that was held at Vigyan Bhawan, Delhi the GST Council had revised the GST rates for many essential commodities as well as forthcoming civil projects. The council in its meeting had substantially lowered the rate of GST on as many as 29 goods and 53 s Read More 01 ...
It is indeed a noteworthy issue for the realtors who have GST registration as well as the buyers who have invested huge sums in the housing projects. Very importantly, the developers were given a one-time option to select either of the previous and Read More 01 Jan 1970Posted By: E-...
In its 25th meeting that was held at Vigyan Bhawan, Delhi the GST Council had revised the GST rates for many essential commodities as well as forthcoming civil projects. The council in its meeting had substantially lowered the rate of GST on as many as 29 goods and 53 s Read More 01 ...
It is indeed a noteworthy issue for the realtors who have GST registration as well as the buyers who have invested huge sums in the housing projects. Very importantly, the developers were given a one-time option to select either of the previous and Read More 01 Jan 1970Posted By:...
The First and foremost is that ITC has been removed from the loop and the GST on affordable housing has been reduced to the minimum, i.e, 1% by the Council. An elaborated and expanded definition of such homes has also been brought in context. The ‘ready to move’ properties which have...
It is indeed a noteworthy issue for the realtors who have GST registration as well as the buyers who have invested huge sums in the housing projects. Very importantly, the developers were given a one-time option to select either of the previous and Read More 01 Jan 1970Posted By: E-...
It is indeed a noteworthy issue for the realtors who have GST registration as well as the buyers who have invested huge sums in the housing projects. Very importantly, the developers were given a one-time option to select either of the previous and Read More 01 Jan 1970Posted By: E-...