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In the previous meeting on February 24, the council had slashed tax rates for under-construction flats to 5 per cent from 12 per cent and affordable homes to 1 per cent from 8 per cent, effective from April 1.

Flexible GST rates for realty

GST Council today has approved transition plan for the new rate structure for real estate residential projects.

20 March 2019 1:51 AM IST

The upcoming elections, rising inflation and interest rates could further dampen the buying sentiment in the real estate, making the task of loan recovery difficult.

GST Council approves transition plan for new tax rates for real estate...

Council had in its last meeting on Feb 24, slashed tax rates for under-construction flats in affordable category to 1...

19 March 2019 2:13 PM IST

The Directorate General of Safeguards (DGS) has slapped a profiteering notice on Jubilant FoodWorks for allegedly not passing on GST rate cut benefit to consumers at its Dominos Pizza outlets.

GST Council to consider implementation of lower GST rates for realty...

GST collections in February dropped to Rs 97,247 crore from Rs 1.02 lakh crore in the previous month.

18 March 2019 2:44 PM IST

The GST Council cleared nil rate on live asses, mules and hinnies while placing live horses under the 12 per cent bracket.

EC gives go-ahead to GST Council meeting on March 19

The nod from the Election Commission was required as the Model Code of Conduct has been in force since Sunday.

13 March 2019 5:32 PM IST

Data analytics major SAS has created a new division to help organisations fight frauds and cyber crimes.

GST officials detect tax fraud of Rs 224 crore by 8 companies

The fake invoices generated by them involved about Rs 1,289 crore of value and input tax credit of about Rs 224 crore.

13 March 2019 12:07 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

FinMin notifies Apr 1 as date for increased GST exemption limit,...

Implementation of proposals with higher turnover limit for composition schemes, would enhance ease of doing business,...

8 March 2019 11:24 AM IST

Now an effective GST rate of 5% will be applicable on the value of a non-affordable under-construction property, and not 18% on two-thirds of its value, as before.

Builders may pass on input tax to buyers

Affordable home prices may be raised by 2-3%.

5 March 2019 2:35 AM IST

DLF has a land bank of 269 million sq ft, of which 26.9 million sq ft of projects area was under construction at the end of the first half.

DLF's sales bookings to jump over two-fold to Rs 2,400 cr this fiscal

DLF's net profit stood at Rs 4,091.27 crore in the year ago period.

3 March 2019 1:44 PM IST

Taxmen to pursue aggresive strategies to nab people not filing returns.

Govt extends last date for filing final sales return for March till...

The GST Council also needs to have a 'Plan-B' for a swift and smooth GST compliance network.

11 April 2019 8:47 AM IST

The authority makes it clear that once the construction is complete and possession is given, section 18 of the MahaRERA Act, which allows interest, ceases to exist.(Representational image)

Realtors have time till May 10 to opt for old GST rates

CBIC has issued a notification giving real estate companies a one-time option to choose either of the tax rates.

2 April 2019 7:50 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

GST Council may consider national bench of AAAR next month

Industry is of the view that since both the AAR and AAAR only have tax officers as members.

19 May 2019 12:03 PM IST

Union finance minister Nirmala Sitharaman and MoS Anurag Thakur distribute halwa to officials during the halwa ceremonyâ€ to mark the beginning of the printing of budgetary documents in New Delhi. (Photo: PTI)

Marching to a new drumbeat: What to expect from Budget

Budget FY2020 should break this dismal trend and increase capital expenditure to 2 per cent of projected GDP.

30 Jun 2019 7:02 AM IST