Tag Archives: GST

Real estate developers are concerned that the implementation of the goods and services tax (GST) may raise the overall cost of properties if the sector comes under the expected 18% tax slab and stamp duty is not subsumed in the new tax structure. The GST Bill was cleared in Parliament’s budget session, paving the way… Read More »

The proposed implementation of Goods & Services Tax will not increase prices of real estate, especially of affordable housing, said M. Venkaiah Naidu, Minister for Urban Development, Housing and Poverty Alleviation. “GST will not increase prices, especially not for affordable housing. We have already exempt affordable housing from service tax, and my ministry is addressing… Read More »