GST on Real Estate: Taxability of Construction and Sale of Apartments
Real estate is a critical industry for infrastructure development. It also works as an investment option, offering both capital appreciation and rental income.
Tag: gst on real estate
Two-slab GST plan to make homes cheaper, boost real estate sector: Experts
With the central government proposing to simplify country’s GST system and keep items under only two slabs 5 percent and 18 percent, real estate experts believe that this simplicity in the tax structure will reduce the cost of developers and benefit homebuyers.
Proposed GST rate tweaks on automobiles may end classification disputes
In upcoming sweeping reforms, the GST on automobiles – currently in the highest tax bracket – will be restructured to resolve classification disputes related to engine capacity and vehicle size, ultimately benefiting the common man, according to government sources.
GST and Real Estate – All provisions and Case Laws at one place
CA Pritam Mahure and Associates has come out with an in detail study material on topic “GST and Real Estate – All provisions and Case Laws at one place” on 01.07.2025 which also happens to be ‘GST Day’.
GST Notices Trigger Alarm in Real Estate: FAR Transactions in UP under Scrutiny
The Uttar Pradesh GST department has issued notices to more than 500 real estate developers across cities including Lucknow, Agra, Kanpur, Aligarh, Noida, and Meerut. Authorities are demanding detailed information on the purchase of Floor Area Ratio (FAR) from development authorities dating back to July 1, 2017, due to uncertainty over whether these transactions attract the standard 18% GST.
Book: Demystifying GST for the Real Estate Sector
2025 Edition Book on Demystify GST for the Real Estate Sector
Budget 2025 Expectations Real Estate: Realty players seek lower GST on cement, tax benefits for homebuyers and more
Vimalendra Singh, Chief Business Officer (Residential), Mahindra Lifespace Developers Ltd said that the real estate sector is optimistic about measures to reduce construction costs and enhance affordability. “A reduction in GST on cement and allowing input tax credits for under-construction properties would drive growth. Increasing the home loan tax exemption limit would benefit middle-income buyers, especially with rising urban housing prices. Infrastructure investments remain a priority, and enhanced connectivity in smaller cities could unlock new development opportunities. These measures would strengthen the sector and support sustainable growth,” says Singh.
GoM meeting in Goa: No consensus on GST proposals for real estate sector
A Group of Ministers (GoM) meeting held in Goa on Tuesday could not reach consensus on most proposals regarding the goods and services tax (GST) for the real estate sector, sources said.
Real estate GoM meets on Sept 24 in Goa to discuss GST levy on properties
As the government gears up for the 55th GST Council meeting, likely to take place in November 2024, the council’s nominated Group of Ministers (GoM) has begun holding meetings. The GoM on “boosting the real estate sector under GST,” headed by Pramod Sawant, Chief Minister of Goa, is scheduled to meet on September 24.