Search result for GST on real estate

With elections done and dusted, the Central Board of Indirect Taxes and Customs (CBIC) is moving ahead with its plan to implement its 12 per cent GST order on balance amount due to the builders. As per the order, Home buyers who have been granted completion certificate by March 31, 2019 will have to shell out 12 per cent GST on their purchases.I...

It’s been almost one year since the implication of the Goods and Service Tax (GST) but people are still unaware of the advantages and disadvantages of GST and how it affects their daily lives. This article concentrates on the GST impact on real estate. So, if you are planning to buy a house in the near future, you have come to the right pl...

With the market opening up beyond state boundaries, GST's immediate benefit to developers is visible in an increase in the credit flow of taxes paid on procurements. Further, the GST law mandates the passing on of benefits arising due to increased credits to customers by way of reduced prices. However, the tim...