SELL.DO CEO Summit – Bengaluru organized by Realty+ Masterclass today Oct 12, 202, had the CEOs of the top realty firms of the city talk about the latest trends in real estate development of the city, the changing consumer preferences and the future outlook for the Bengaluru real estate. The ... Read more...
The GST Council has agreed to raise GST on supply of bricks to 12% from 5% with input tax credit (ITC) from April 2022. "Brick kilns would be brought under a special composition scheme with a threshold limit of Rs 20 lakh, with effect from April 1, 2022. Bricks would attract GST at the rate of 6% wi... Read more...
Charges collected by real estate developers, other than for construction services, such as those for utilities and maintenance will attract 18 percent GST, ruled Maharashtra’s Authority for Advance Ruling. Charges for services such as installation of electricity meter, water connection, club ho... Read more...
A ruling by Authority for Advance Rulings (AAR) that costs incurred for refurbishment of offices can be available towards input tax credit is set to create some confusion around availability of tax credit under the goods and services tax (GST) framework. “Input tax credit is admissible on new l... Read more...
The Indian chapter of the international real estate body for Realtors, the FIABCI has urged the central government in a letter, requesting for a single license for brokers to operate throughout the country irrespective of the state they belong to. This will enable Realtors and all brokers to carry o... Read more...
Builders in Mangaluru and Hubballi-Dharwad are grappling with a shortage of skilled labour, rising cost of raw materials and a demand slump, challenges triggered by the second wave of Covid and the resulting lockdown. But the impact has been less severe on the real estate sector in Mysuru, where the... Read more...
Housing and Urban Affairs Secretary Durga Shanker Mishra addressing realtors body NAREDCO said the government will look into various demand of the real estate industry, including an extension of timeline for completion of projects by 6-9 months. He highlighted various initiatives taken by the govern... Read more...
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman handed over possession to homebuyers virtually as Government of India’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completed its first residential project. The residential project - Rivali Park, loca... Read more...
Real estate startups Unitern Advisors Pvt Ltd and Flow Realty have come together to form a strategic partnership to offer end to end business solutions to RE developers. This collaboration will address the crucial issues faced by RE developers in the last 5 years with policy and environment change... Read more...
The UP bench of the Authority of Advance Ruling (AAR) has ruled that corporate social responsibility (CSR) expenses incurred by a company in the course of business are eligible for input tax credit under goods and services tax (GST) regulations. It pointed out that CSR expenditure is incurr... Read more...