Brick manufacturing, trading to attract 6% GST without ITC; 12% with credit
NEW DELHI: Brick kilns can opt for a composition scheme to pay a 6 per cent GST without input tax credit (ITC) beginning Friday, higher than 5 per cent earlier…. Read more »
Tag: GST
GST authority finds Haryana-based S3 Infra Reality guilty of profiteering
NEW DELHI: The anti-profiteering authority has found Haryana-based real estate developer S3 Infra Reality guilty of not passing GST rate cut benefit totalling Rs 1.48 crore to its buyers of… Read more »
NAREDCO welcomes lowering of GST; demand for further rationalization
NEW DELHI: The apex body of real estate sector, National Real Estate Development Council (NAREDCO) has lauded government’s move to lower goods and services tax (GST) on affordable housing from… Read more »
Lowering of GST in real estate will boost sales in affordable housing: BK Goenka, ASSOCHAM President
NEW DELHI: The central tax authority, GST Council has taken a bold decision to lower the GST rates for under-construction housing projects to 1 per cent from 8 per cent… Read more »
GST on under-construction flats slashed to 5%; affordable housing to attract 1%
NEW DELHI: In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from the… Read more »
Budget 2019: NAREDCO seeks rationalization of GST on under-construction properties
NEW DELHI: National Real Estate Development Council (NAREDCO), an apex body of real estate sector, has requested Government to address the key concerns of the real estate industry and home… Read more »
GST council may look to rationalise 28% slab; taxes on cement may be cut
NEW DELHI: The GST Council is likely to rationalise the 28 per cent slab by cutting tax rates on construction items, like cement, in its meeting next week. The council,… Read more »
Need loan restructuring, lower GST, dedicated fund for stalled housing projects: CREDAI
NEW DELHI:Faced with liquidity crunch, realtors’ apex body CREDAI on Thursday sought one-time restructuring of loans provided to the sector as well as a dedicated fund for the completion of… Read more »
Sale of flats after issue of completion certificate not to attract GST: Finance ministry
NEW DELHI: The finance ministry on Saturday said GST will not be levied on buyers of real estate properties for which completion certificate is issued at the time of sale…. Read more »
GST Revenue collection for September 2018 crossed Rs 94,000 crore
NEW DELHI: The total gross GST revenue collected in the month of September, 2018 is Rs. 94,442 crore of which CGST is Rs. 15,318 crore, SGST is Rs. 21,061 crore,… Read more »