Real estate: GST, RERA compliance issues continue

GST will replace these multiple taxes with a single tax and will ensure smooth flow of credits through the chain. Hence, it is widely expected that GST should reduce the construction cost in the hands of the developer and thereby reducing the current level of prices in the real estate sector.

The foremost structural change must be to bring electricity, oil & gas, and real estate. gst ambit and continuing to levy other taxes, such as excise and value added tax, not only increases the.

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GST on property: 7 things you should know. magicbricks organised an event ‘Real Estate – The RERA and GST Era’ in New Delhi recently.. Post-GST, some tax issues will become easier to handle as there would be no overlapping jurisdiction between the Centre and states with regards to levies.

Even as the share of real estate projects launched. "Clarity on these GST-related issues would be key for continued momentum in the joint development space, though we expect it to continue as a.

Flat property prices over the past two years have made the real estate sector a no-go zone for investors. But Rera, along with demonetisation and goods and service tax (GST), will make sure. and.

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. negative zone in the April to June period this year due to ambiguity over policy issues related to the real estate regulatory Act (RERA) and goods and services tax (GST), revealed a survey by.

and Development) Act (RERA), demonetization and the Goods and. to partake in the efficiencies which are brought about by the GST. It is necessary that the real estate sector as a whole is brought within the ambit of the GST and the recent establishment of. for clarity on certain issues so that the real estate sector can continue on its.

Analysts believe that if credit growth to the real estate sector has slackened due to RERA, GST has increased the final tax outflow. explore.. real estate: GST, RERA compliance issues continue.

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The new GST-related announcement has given real estate developers the choice to either opt for the old rates and the accompanying input tax credit (ITC) benefits, or else to adhere to the new reduced GST rate of 5% without ITC. While not exactly ground-breaking, it is indeed an intelligent move by the incumbent government.

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