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GST set to benefit the sector in the long run

Tuesday, July 25

Sunil Sharma, VP - Marketing & CRM, Mahindra Lifespace Developers Ltd “The Goods & Services Tax (GST) is set to bring about fundamental shifts in taxation in the real estate and infrastructure sector.  Taxes such as excise duty, VAT, octroi, LBT, etc. have been subsumed into GST.  The implementation of GST is expected to benefit the sector in the long...

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Joint efforts will help in evolution of law

Tuesday, July 25

1  “It would be appropriate to keep in mind that any policy or law that has come into being is not perfect and free from any lacunas on day one of its coming into force. Similarly, with the joint effort of the trade, legislature and bureaucracy, even the GST law...

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Will take few quarters for firms to stabilise

Tuesday, July 25

Rohit Kapoor “GST is a paradigm shift and will take a couple of quarters for companies to stabilise and get used to the new regime. The actual benefits in many sectors may not be apparent in the medium term (one to three years). It is expected that GST will create a...

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Ready-to-move-in units to get costlier

Tuesday, July 25

Ashok Naidu_Director_KumariBuildersAndDevelopers “Prices of ready-to-move-in properties might go up in the near term. Although GST gives an option to get full input set-off credit for developers, it is not applicable on ready-to-move-in properties. Hence developers will either have to bear the tax burden or increase the price in line with the...

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Traders have now got outof a vicious cage

Tuesday, July 25

photo “So far the traders were slaves of plethora of tax laws and multiple authorities. Having GST as single tax and single authority monitoring GST, traders feel out of the vicious cage. Now, the Government must take trade associations across the country in confidence and address their concerns on procedural...

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Post-GST, scenario of growth on fasttrack

Tuesday, July 25

Pic-Mr.-Rakesh-Zutshi-Managing-Director-Halonix-Technologies-Limited.-Copy “The impressive scenario that will emerge after the implementation of GST is expected to speed up growth trajectory of the country. With the expected rise in the Government’s revenue figures, infrastructure development will also gain momentum. Thus, the industries as well as the consumers will be the immediate beneficiaries...

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Will cut tax burden, benefit the buyers

Tuesday, July 25

“Touted as the country’s biggest tax reform, GST will replace a range of existing local and state taxes and so we are highly optimistic that it will reduce the heavy tax burden which may result into benefits for the buyers and hence demand in the market will grow. Creating...

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GST to have positive impact on real estate

Tuesday, July 25

Mr. Rajesh Gupta, Director, Okaya Centre “Considered as a landmark reform in indirect taxation process, GST will positively impact the entire real estate industry, including residential, commercial and retail real estate segments. Most importantly, it is expected to boost the ease of doing business, besides bringing transparency in transaction process. We can expect now that...

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It’ll be a major relief for all stakeholders

Tuesday, July 25

3 “Eliminating threat of double taxation, the GST Act is set to emerge as a major relief for all the stakeholders of the real estate sector. At one end, the homebuyers are set to gain out of the major benefits that a unified tax regime across the country will offer...

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Win-win situation for developers, buyers

Tuesday, July 25

4 The GST would bring more transparency and foreign investments in India as real estate would be taxed at 12 per cent. It is beyond doubt the most revolutionary tax-related reforms to be seen in India in several decades. The GST will prove to be a win-win situation for both...

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