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Latest Articles in gst bill

The Impact of GST on Residential Real Estate

GST may not be instrumental in bringing down the prices of residential real estate over the short term. However, it will benefit all the stakeholders of the residential real estate sector, as the perception of the sector will improve on the back of a simplified tax structure and accountability being fixed at every stage

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Is GST Bad News For Homebuyers And Renters?

Once GST comes into effect from July, the leasing of land and buildings - as well as home loan EMIs paid by those who purchase under-construction apartments - will attract the applicable tax rate. Depending upon the tax rate that gets announced for real estate, the effect could be higher or lower than today.

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Govt clears GST amendments, states to be compensated for 5 yrs

The Union Cabinet has approved the recommendations, made by the Rajya Sabha Select Panel, for GST rate to be no more than 20 pc and to levy 1 pc additional tax by states only on actual sales and not on inter-company stock or inventory transfer

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Rajya Sabha panel submits GST report

The 21-member committee, in it's report, has recommended that the one percent additional tax by states should not be levied on goods - not for sale and favoured compensation to states for five years

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Select panel on GST Bill to submit report next month

Once the Select Committee gives its report in the second week of July, the Upper House will take up the Constitutional Amendment Bill for rollout of GST in place of all indirect taxes in the Monsoon Session of Parliament

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LS passes GST bill, Real Estate bill goes to RS committee

The Goods & Services Tax Bill will now move to the Upper House while the panel examining the Real Estate bill will submit its report once Parliament meets for the Monsoon Session

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Standing Committees of 9 ministries to present reports in Parliament

This includes the Ministry of Urban Development, while GST Bill and financial business feature in the packed agenda of the second week for the second part of the Budget session

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