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News Updates

11Dec2017

Realtors are warned over GST contrivance

Construction companies and realtors could be punished by the Goods and Sales Tax (GST) authorities if they don’t disseminate input tax credit to the end-users by cutting off the property price. Now property buyers, especially buyers of the apartments won’t have to bear any additional hidden price in name of tax payments. Reportedly, the Cent

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06Dec2017

NHB Approaches For GST Rate Reduction On Affordable Housing

National Housing Bank is in conversation with the GST Council and the other authorities to cut down the effective Goods & Services Tax rate 12% after measuring out the lowering of the land prices that could smooth over the tax burden and advance the residential property sale. Being the regulator of the housing finance companies NHB is expected

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27Nov2017

Key Facts To Know About GST For Real Estate Developers/Builders

1st July 2017- was the date of India’s biggest tax reform. Till date the disorientation regarding this rule has been observed in the current market. Initially, it was stated that the real estate sector wouldn’t be there under GST ambit. Hence, by far it’s clear that on-hand residential constructions will attract 12% taxation and under-constru

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