By Abhay Harish Shah, Realty Quarter As the New Goods and Service Tax (GST) slashed from 12% to 5% for an under construction building, the Realty market has gone crazy to look out for their margin. According to the latest report, a new tax rule may offer relief to the property developer on the liability […]
GST relief on development rights might be granted to Realtors.more
By Abhay Harish Shah , Realty Quarter The “Authority for Advance Rulings” also known as AAR has developed as an imposing adjudicatory body on tax matters. The Responsibility of the AAR is to give the facility of ascertaining the income-tax liability of a non-resident as well as that of certain defined categories of residents. If […]
12% GST to be charged only on Preferential Location – AARmore
By Abhay Harish Shah , Realty Quarter The past GST rate was an obstacle for home purchasers. Builders had been looking to boost offers of under-development ventures, with uncommon offers and discounts. The new rate lessens the evaluating divergence between under-development and finished projects. The new duty structure will permit a progressively adjusted closeout of […]
The Impact of New GST scheme towards Builders.more