GST on the real estate sector in India
By: Basavaraj, Suguna
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Publisher: Kolkata CMA Kaushik Banerjee 2023Edition: Vol.58(7), Jul.Description: 62-65p.Subject(s): Construction Engineering and Management (CEM)Online resources: Click here
In:
Management and accountant journalSummary: The urban housing problems in India have been addressed by the Ministry of Housing and Urban Poverty Alleviation since many decades. There were many problems for framing the rules for development of urban housing and the development of apartments in the metros. The Union Government enacted the Real Estate (Development and Regulation) Act 2016 (RERA.) The Act addressed all the legal issues concerned with the buyers, sellers, promoters, developers of the real estate sector. There were lots of issues for developers on input tax credit and other issues. With a view to overcome such problems the RERA has been introduced. The objective of this article is to discuss applicability of GST laws to private and public developers and the tax rate applicable to persons who purchase houses and apartments.
| Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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School of Engineering & Technology (PG) Archieval Section | Not for loan | 2023-1399 |
The urban housing problems in India have been addressed by the Ministry of Housing and Urban Poverty Alleviation since many decades. There were many problems for framing the rules for development of urban housing and the development of apartments in the metros. The Union Government enacted the Real Estate (Development and Regulation) Act 2016 (RERA.) The Act addressed all the legal issues concerned with the buyers, sellers, promoters, developers of the real estate sector. There were lots of issues for developers on input tax credit and other issues. With a view to overcome such problems the RERA has been introduced. The objective of this article is to discuss applicability of GST laws to private and public developers and the tax rate applicable to persons who purchase houses and apartments.
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