The reduced tax is applicable to up to 645 sq ft homes purchased through the credit linked subsidy scheme under the Prime Minister Awas Yoj...

Realtors also pitch for an increase in size of houses for affordable housing.

At present, under-construction properties attract 18% GST and allow abatement of one-third of the apartment value towards land cost taking ...

The regulator is likely to push for lower GST rates for affordable housing category especially although the general category is also under ...

Builders claim the tax differential between the tax rates for a ready-to-move property and an under-construction property has compounded th...

"Developers are trying to assess whether the new tax regime will reduce complexities and ensure a level playing ground for buyers and devel...

The government pegged the GST on under-construction real estate at 18% which will bring down the effective rate to 12% when calculated on t...

The trade and industry are major gainers of GST as it eliminates multiple taxation at the state and the Centre levels and the consequent ca...

Experts said the GST subsumes central levies like excise and service tax and local levies like VAT, entertainment tax, luxury tax.

Every week, an expert selected by ET answers queries from our readers on real estate.

Under the present regime, under-construction flats are treated as work contracts in which the land, goods such as cement & services are inv...

In cases of sale of flats, transfer of title after the issuance of occupancy certificate will not attract service tax, the Finance Ministry...

Developers and property consultants however hailed further tax incentives on Real Estate Investment Trust (REITs).

Real estate industry today hailed the concession announced by the government on service tax but said housing cost will still go up by about...

The government announced a slew of concessions worth up to Rs 400 crore for coffee growers, local tobacco industry, hospitals, cancer drugs...

The Supreme Court will decide whether recovery of government dues, including income tax and excise, should get priority over liabilities of...

Flat buyers may be spared the 12.2% service tax, with the government making it clear that a builder who does construction work on his own d...