GST on real estate

Is real estate only about affordable housing? – RealtyMyths

by Akhilesh k Prasad The real estate sector contributes 6-7% of the GDP and employs over 50 million people currently. While it stands as the second largest employer as of now, it is expected to generate 50-60% jobs in the next 5 years. In this respect, the real estate industry is significant for the ...Read More

Impact of GST on Real Estate Sector – RealtyMyths

by Akhilesh K Prasad The Goods and Services Tax (GST) was passed by the government on the 29th of March, 2017. The aim of implementing the new tax regime was to curb the effects of the previous multiple taxation systems such as VAT, Service Tax and so on. It was also introduced to provide a much-need...Read More

10 Benefits GST brings to Real Estate

by Pooja Bhatia, India’s biggest tax reform structure- the Good and Service Tax (GST)- has been introduced with a clear objective of a) simplifying tax, b) ensure transparency of/through tax transactions and c) put the unorganized into the organized basket. So, how will such a major structural change...Read More

Is it time to bring real estate under GST?

by Pooja Bhatia,   #Exclusive Real Estate Under #GST? @AshutoshBTVi brings in more details pic.twitter.com/9M1usqhJCW — BTVI Live (@BTVI) November 21, 2017 Recently the Finance Minister Arun Jaitley said to the Media- “The one sector in India where the maximum amount of tax evasion and cas...Read More

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