Business

Home buyers confused between 5 or 12 per cent GST on flats

Builders are facing a piquant situation with homebuyers insisting that they will pay only the new rate of 5 per cent GST on flats even though the developer has opted for the old rate of 12 per cent to take advantage of credit on inputs like paints, cement and steel.

As part of rationalisation of the Goods and Services Tax (GST) on real estate sector, the GST Council has allowed builders to migrate to 5 per cent rate for residential units and 1 per cent for affordable housing without the benefit of input tax credit (ITC) from April 1, 2019.

Alliance Group CMD awarded the Global Indian of the Year 2018-19 for real estate

Chennai: Alliance Group Chairman and Managing Director, Manoj Namburu, at a glittering function was honoured with the Global Indian of the Year 2018-1...

Corporate tax reliefs are one of the biggest reforms ever: Cll

New Delhi: The Confederation of Indian Industry (Cll) said on Friday that drastic reduction in corporate taxes is a huge game-changer for the economy ...

Talcher Fertilisers awards coal gasification contract to Wuhuan Engineering of China

New Delhi: Talcher Fertilisers Ltd (T FL) has awarded a lump-sum turnkey contract to Wuhuan Engineering of China for implementing its coal gasificatio...

SAIL allowed to sell 25 pc iron ore production from captive mines in open market

New Delhi: The government has allowed Steel Authority of India Ltd (SAIL) to sell 25 per cent of its iron ore production from captive mines and dispos...