What if Real Estate is brought under GST?

32
Introduction

There have been talks of “Real Estate is brought under GST” which would lead to a big challenge for the industry already going through tough times.

Finance Minister Arun Jaitley had said earlier  that there is a strong case to include real estate in the new indirect tax regime and that the GST Council will discuss it at an appropriate time.

The two key taxes on real estate transactions are stamp duty and registration, the rates of which vary between states. GST will make them uniform. Homebuyers already pay 12 percent GST on under-construction properties. There’s no clarity on how the implementation will happen but by bringing GST government might abolish stamp duty charges and make it more standardised across states.

The outcome of Real Estate is brought under GST

The current rate of stamp duty, registration and GST on under-construction homes comes to about 18 percent. While developers pay taxes on different items they don’t get tax credits and by bringing in GST on real estate there could be a case of input credits which should effectively bring the cost down for the customers. While the industry might have to again go through this challenge on implementation but if the costs can be brought down due to this input credits it would have a positive impact on customer sentiments and hence the sales.

 

 

32 COMMENTS

  1. I have to get across my passion for your kind-heartedness supporting all those that should have help with this concept. Your very own commitment to passing the message throughout came to be incredibly invaluable and has regularly allowed guys and women like me to achieve their ambitions. The interesting useful information denotes so much to me and still more to my fellow workers. Regards; from everyone of us.

  2. I enjoy you because of all of the efforts on this website. Debby takes pleasure in setting aside time for research and it is easy to understand why. Most of us hear all concerning the compelling tactic you render invaluable solutions by means of your web blog and even inspire response from the others about this matter so our own simple princess is now being taught a lot. Enjoy the rest of the new year. You are carrying out a tremendous job.

  3. I simply desired to thank you very much yet again. I do not know the things that I could possibly have followed in the absence of the type of techniques contributed by you regarding such field. This was a very frustrating scenario in my circumstances, nevertheless discovering a specialised avenue you processed it took me to cry with gladness. I’m thankful for this advice and in addition believe you know what an amazing job that you’re undertaking instructing some other people by way of a site. I am certain you have never encountered all of us.

  4. I actually wanted to post a small comment to be able to say thanks to you for these stunning guides you are sharing at this website. My prolonged internet research has finally been recognized with brilliant information to go over with my pals. I ‘d assert that we website visitors actually are unquestionably endowed to dwell in a superb website with so many perfect professionals with helpful concepts. I feel somewhat lucky to have discovered your entire website page and look forward to so many more fun minutes reading here. Thanks a lot once again for a lot of things.

  5. I have to voice my affection for your kind-heartedness supporting individuals who must have help on that idea. Your personal commitment to getting the solution throughout ended up being definitely insightful and has continuously helped regular people like me to reach their goals. Your own interesting instruction indicates a lot a person like me and additionally to my colleagues. Warm regards; from all of us.

  6. Thanks a lot for providing individuals with an extraordinarily wonderful opportunity to check tips from this website. It is always so awesome plus full of fun for me and my office colleagues to search your blog minimum thrice in a week to see the new things you will have. And of course, I am just always amazed considering the good tips and hints served by you. Some 4 tips on this page are without a doubt the most beneficial I’ve had.

  7. My wife and i felt very thankful Edward managed to finish up his research through the entire ideas he had out of the web pages. It is now and again perplexing to just be releasing helpful tips which usually others have been trying to sell. And we also keep in mind we need the blog owner to appreciate because of that. The most important illustrations you made, the straightforward site navigation, the friendships you help engender – it’s many excellent, and it’s really facilitating our son in addition to the family imagine that that idea is pleasurable, which is really indispensable. Many thanks for the whole lot!

  8. My husband and i got very peaceful when Ervin could carry out his studies from the ideas he got through the site. It is now and again perplexing to just be making a gift of facts which usually other people could have been selling. And we all acknowledge we have the blog owner to thank for this. These explanations you made, the straightforward website navigation, the friendships your site make it possible to create – it is many awesome, and it’s really facilitating our son and us reason why this theme is interesting, which is certainly highly serious. Thank you for everything!

  9. I’m commenting to make you know of the cool experience our daughter undergone reading your webblog. She came to understand several details, which included how it is like to have a very effective helping character to make other individuals quite simply gain knowledge of a number of problematic topics. You truly exceeded my desires. I appreciate you for coming up with such important, healthy, edifying and even unique thoughts on this topic to Tanya.

  10. My spouse and i felt absolutely thrilled that Chris managed to round up his homework by way of the ideas he was given in your blog. It’s not at all simplistic just to find yourself giving freely secrets which usually some other people could have been selling. And we consider we’ve got you to give thanks to for this. The illustrations you made, the easy blog navigation, the friendships your site make it possible to create – it’s everything superb, and it is aiding our son in addition to our family do think that situation is satisfying, and that is very essential. Thank you for everything!

  11. Thank you for all your valuable efforts on this website. My mother takes pleasure in working on internet research and it is simple to grasp why. A lot of people notice all concerning the lively medium you create good items via the web site and in addition foster response from people on that concern plus our simple princess is certainly discovering a great deal. Take pleasure in the rest of the new year. You’re the one conducting a pretty cool job.

  12. I simply wanted to thank you so much again. I’m not certain the things I would have tried in the absence of the actual recommendations revealed by you directly on this field. It truly was an absolute daunting difficulty in my circumstances, but being able to see your professional avenue you dealt with the issue made me to weep over happiness. I’m just thankful for the support and then sincerely hope you comprehend what an amazing job you have been providing teaching people today via a site. Most likely you’ve never got to know all of us.

  13. I precisely had to say thanks once more. I do not know the things that I might have made to happen in the absence of the type of tricks provided by you on this question. It had become a very fearsome setting in my view, but observing the well-written style you processed the issue forced me to cry with gladness. Now i am happier for this support and thus pray you know what a great job that you’re getting into instructing the mediocre ones by way of your web site. I am certain you haven’t come across all of us.

  14. I am just commenting to make you be aware of of the extraordinary encounter our daughter enjoyed browsing your web page. She mastered numerous pieces, including what it’s like to have a very effective teaching nature to get many people effortlessly thoroughly grasp specified complicated topics. You truly did more than my desires. Many thanks for displaying those essential, dependable, informative as well as unique tips on the topic to Kate.

  15. I would like to show my appreciation to the writer for rescuing me from this scenario. Because of surfing around through the world-wide-web and getting advice that were not pleasant, I believed my life was over. Existing devoid of the approaches to the problems you’ve resolved by way of your entire posting is a serious case, and ones which may have in a wrong way damaged my career if I had not noticed your blog. The ability and kindness in maneuvering every part was important. I am not sure what I would have done if I had not encountered such a thing like this. It’s possible to now relish my future. Thanks a lot so much for the skilled and result oriented help. I will not hesitate to recommend your web blog to anybody who requires direction about this subject.

  16. I definitely wanted to send a brief message so as to say thanks to you for these stunning points you are giving on this website. My particularly long internet search has finally been honored with incredibly good details to write about with my relatives. I would suppose that most of us website visitors are unequivocally endowed to dwell in a notable place with many wonderful individuals with very helpful ideas. I feel very much fortunate to have used the web site and look forward to some more thrilling minutes reading here. Thanks a lot again for all the details.