GST Council

With elections done, focus shifts to 12% GST on home buyers

by Mr Neh Srivastava, Under Secretary, Ministry of Home Affairs & President, CSSOS  With elections done and dusted, the Central Board of Indirect Taxes and Customs (CBIC) is moving ahead with its plan to implement its 12 per cent GST order on balance amount due to the builders. As per the order, ...Read More

India’s residential sector showing signs of recovery, says CBRE

 –  New launches rose by 14% on a quarterly basis to reach 33,000 units in the 7 major markets in Q1 2019 –  Sales rose by 3% q-o-q to balance launches, with more than 33,000 units sold – Mumbai, Chennai, Delhi-NCR and Pune led launches; while sales were led by Mumbai, Delhi-NCR, Be...Read More

Will India Housing Sector Return to Favour with PE Firms? – RealtyMyths

 Anuj Puri, Chairman – ANAROCK Property Consultants Inarguably, the Indian real estate vertical that in the direst need of funding is the residential sector. In a perfect world, the private equity that is now pouring into the country’s realty sector would focus on where it is needed the m...Read More

How to save taxes on property purchases – RealtyMyths

by Pankaj Jain “With the enactment of Goods and Services Tax (GST), today’s taxation system in the context of purchasing a property has become much effortless than it was before July’2017. Several taxes previously applicable on property purchase like VAT, Service tax, just to name a few, now have all...Read More

New GST Rate for a Better Tomorrow in Real Estate – RealtyMyths

Mr Rishi Jain, Managing Director, Jain Group One of the most important things that a person can aspire for is – having their own home. Home, just after food and clothing are the most basic and yet the most aspiring element of someone’s life as most people buy homes only once in their lives. Normally,...Read More

GST on Real Estate Maintains Status Quo

Benefits aside, a cut could have been a major setback to the affordable housing segment GST rate cut, clarity on / abolition of ITC – boosted demand vs. actual sales Anuj Puri, Chairman – ANAROCK Property Consultants After much anticipation, the GST Council has failed to deliver a final verdict on GS...Read More

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