Tag: homebuyers
GST NEWS
In relief to buyers, realtor told to refund ‘excess’ GST
HIGHLIGHTS
The National Anti-Profiteering Authority (NAPA) has ordered Puri Constructions to refund “excess” GST collected from the buyers, and dismissed the builder’s plea that...
GST NEWS
Builders will have to refund GST on cancellation of flats booked in FY19
This clarification forms part of the FAQ released by the CBIC on real estate sector
Builders will have to refund GST paid by home buyers in case he cancels the...
GST NEWS
GST slash may not benefit home buyers
KOLKATA: If prospective home buyers were enthused by the GST rate slash in under-construction projects announced on Sunday, here’s a reality check. Customers in...
GST NEWS
GST Council cuts tax on under construction residential houses to 5%
The GST Council on Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12...
GST NEWS
GST relief for real estate: State FMs to recommend 5% rate on under-construction houses
On 8th Feb,GoM recommended a GST rate cut on all under-construction houses to 5%, from 12% at present, and slashing of GST rate to...
GST NEWS
Budget 2019: No GST relaxation for under construction home buyers
The government of India left the GST at 12 per cent without rationalising it for the home buyers. Sanjay Chatrath, Managing Director (North) at...
GST NEWS
Explainer | Here’s how much you will pay if GST on under-construction houses is cut to 5%
The GST Council now plans to reduce the rate on real estate to 5% percent. A decision on this front is expected today
2017 is best...
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