SLASH The GST council brought down the tax rate on under-construction projects from 12% to 5% We expect the cut in tax rates to stimulate demand for real estate projects. This will also bring about a positive change in the consumer sentiments. RAJEEV TALWAR, chairman, National Real Estate Development Council.To encourage supply, the government must…
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Finance Minister Arun Jaitley said that discussions in today’s GST Council meet were inconclusive and the Council will try to take a decision on real estate on February 24. The Goods and Services Tax (GST) Council meeting on February 20 remained inconclusive after some state finance ministers sought a physical meeting as they felt an…
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GST Council Meet: The Group of Ministers (GOM) headed by Gujarat Deputy Chief Minister Nitin Patel endorsed a tax of 3 per cent on the affordable housing category, down from 8 per cent. A ministerial panel set by Goods and Services Tax (GST) Council scheduled to meet Wednesday is expected to propose taxing under-construction residential…
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To bring buyers back to the real estate market, a Group of Ministers set up by the GST Council is studying the feasibility of two very bold proposals, ET Now learn from sources. The first proposal–and one that states may not favour–is to charge buyers Zero GST on the purchase of a property categorized as…
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