GST

GST: Homebuyers likely to pay higher tax of 20-22% on home purchases

NEW DELHI: The Goods and Services Tax (GST) could bring in transparency in the functioning of the real estate sector and even reduce the cost of ownership of homes for buyers, especially if the GST rate is lower than all the current rates put together, said builders and tax consultants. These consultants, however, said there’s …

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Goods & services tax to help reduce property prices: Care Ratings

Currently, real estate developers pay various non-creditable taxes including excise duty, customs duty, entry tax, etc. on the procurement side MUMBAI: Ratings agency Care Ratings expects the implementation of Goods and Services Tax to result in reduction in property prices. Currently, real estate developers pay various non-creditable taxes including excise duty, customs duty, entry tax, …

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