Blog articles tagged GST

Are you planning to surprise your partner with an apartment on Valentine’s Day?

Gifting property requires understanding tax implications, stamp duty, and registration processes. Gift deeds offer benefits but are final and irreversible.

Getting around India’s constantly changing real estate laws

India's real estate sector is transforming with regulatory changes aimed at enhancing transparency, sustainability, and growth, promising a prosperous future for investors and homebuyers alike.

GST on Commercial Property Rent

Commercial property rent in India is subject to GST. Landlords and tenants must understand the implications, including applicable rates, thresholds, and Input Tax Credits. This ensures compliance and helps avoid legal issues.

GST on Sale of Residential Property by Individual

This article explores the impact of GST on residential property purchases in India, detailing rates, exemptions, and criteria for affordable housing.

GST on Residential Flat

GST applies to under-construction properties in India but not completed ones. Rates vary based on affordability and property type. RWA fees above ₹7,500 are also GST applicable.

Understanding GST on Renting Commercial Properties

This article explores the impact of GST on commercial property rentals in India, detailing tax responsibilities, deductions, and strategies for minimizing tax liabilities for landlords.

Unforeseen Charges in Buying a Property

This article outlines various additional costs associated with purchasing property, detailing factors like PLC, parking fees, and more, culminating in a final payment estimate.

GST on Flat Purchase: A Guide for Home-Buyers

GST on flats is 5% for non-affordable housing and 1% for affordable housing, excluding Input Tax Credit. Under-construction flats have a 12% GST. Completed and resold flats are exempt. This impacts construction costs and simplifies the tax system.

Things you should know about GST in Real Estate

Explore an in-depth overview of GST's implications in real estate, its definitions, applicability, rates, and the distinction between affordable and non-affordable housing.

Other Charges When Buying a House

Buying a property involves various hidden costs, often increasing the total price by 40-50%. This article outlines essential additional charges buyers should anticipate.

What Real Estate Expects from Union Budget 2021?

The Indian real estate sector seeks relief in the Union Budget 2021-22. Key demands include GST offsets, tax relief for homebuyers, and continued funding for affordable housing projects. These measures aim to boost demand and address the liquidity crunch.