News articles tagged GST

Report: Over 3 crore jobs were created in India’s real estate sector in the last ten years

Indian real estate employment has risen from 4 crore in 2013 to 7.1 crore, driven by housing sector growth and government policies like RERA, GST, and PMAY.

Tenants of commercial properties must pay 18% GST on their electricity bills.

Tenants of commercial spaces will pay 18% GST on electricity charges bundled with rent. However, actual cost recovery by real estate owners acting as agents is exempt. Experts debate the implications.

GST on Renting of Residential Property

The 47th GST Council meeting introduced GST on renting residential properties to registered individuals, clarifying tax liability scenarios effective July 18, 2022.

GST on Rental Income from Residential Property in India

GST applicability on renting residential properties in India changed on July 18, 2022, with 18% GST now applicable on rentals to registered persons, paid under Reverse Charge Mechanism (RCM).

The Impact of GST on Renting of Residential Property in India

Amendments to GST regulations now make renting residential properties to GST-registered individuals taxable, effective July 18, 2022, impacting reverse charge mechanisms.

CREDAI: Property prices may increase by 10-15% in future!

CREDAI warns of 10-15% hike in property prices due to rising construction costs, attributed to increasing raw material prices and construction delays.

MahaRERA Orders Acme Housing to pay interest of 21 months of delay

MahaRERA orders Acme Housing to pay interest for delayed ownership of Thane's Alpinia project, citing developer's failure to meet contract terms amid external challenges.

India’s Co-Working space- Government needs to recognize this sector!

The co-working sector in India is showing signs of recovery post-pandemic, with calls for government support and recognition to bolster growth.

Gudi Padwa, a positive occasion for Pune’s low Real estate

Pune's residential real estate market witnesses growth with new launches and stable prices, expecting a boost during Gudi Padwa