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GST ON PURCHASE OF HOUSE
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- Construction designs must keep in mind people's purchasing power: GadkariUnion Minister Nitin Gadkari emphasized the urgent need for affordable housing, urging construction designs to align with people's purchasi...
- GST cuts to boost consumer durables, affordable housing could gain later: Sunil SubramaniamGST cuts on textiles and footwear may offer some relief. Market expert Sunil Subramaniam anticipates a demand surge in big-ticket items. Th...
- Feel good factor from GST rate cut, housing demand to rise during festivals: CREDAICREDAI believes that the Indian government's GST rate cuts will boost consumer purchasing power and increase demand for residential propert...
- GST is applicable on joint development of properties in this condition, rules Patna High Court; buyers must check thisThe Patna High Court has ruled that GST is applicable on RCM basis on the transfer of development rights from a landowner to a builder befo...
- Govt to refund GST if purchase of incomplete house called off: ExpertsThe finance ministry said in the 48th GST Council meeting that there is no procedure for claim of refund of tax borne by unregistered buyer...
- Realtors seek input tax credit under GST; say it may help rationalise housing prices by 10%In its recommendation to the finance ministry, the developers’ body CREDAI has stated that due to the prevailing exorbitant construction co...
- GST rate cut expected to give realty stocks a big boosterThe move is likely to give a boost to realty stocks in Monday’s market.
- Government favours zero or 3% GST rate on affordable housingBuilders have requested the GST Council to consider another option, and that is an effective tax rate of 7.2% but with input tax credit.
- Home sales surge 40% in 9 months to sept on government policy reforms: JLL dataAccording to JLL data for the nine-month period ended September 30 sales in residential segment have risen 40% on year.
- Buyers find ways to avoid steep GST on flats being builtNo GST on completed projects offers loophole and some builders have found this way out for the prospective homebuyers.
- Sales of low-cost, ready-to-occupy homes upThe reduced tax is applicable to up to 645 sq ft homes purchased through the credit linked subsidy scheme under the Prime Minister Awas Yoj...
- Pre-budget cheer for home buyers: 8% GST on houses under PMAY effective todayThe concessional rate of GST of 12% (effective rate of 8% after deducting the cost of land) will apply in the housing sector.
- Government reduces GST on work contracts for affordable homesIn a notification issued on Tuesday, the government reduced the GST on composite supply of work contracts for affordable housing to 12 % fr...
- Planning to buy a house? Learn how to crack the GST codeUnder GST, no tax will be levied on purchase of a housing unit in a completed project, which received occupation certificate, or where regi...
- 5 reasons why living in housing society will be expensive under GSTWhile buying a house may or may not become cheaper, living in a gated society is surely going to burn a big hole in your pocket in the comi...
- Budget 2016: What Modi government should do to make homes affordable for common manThough we see these positive announcements being made, real estate still remains elusive for a common man in India and a lot needs to be do...
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