TMT industry player Kay2 Steel Limited has launched premium quality steel bars (TMT bars) under the brand Kay2 which are equipped with earthquake-resistant technology. According to...
“The dawn of concepts like hustling in service tax coupled with reductions and various mandatory charges collected by developers highlights the importance of having a sane...
“Simplified single tax rate is good for both real estate developers as well as property buyers. It needs to be seen how much will the GST...
“GST will have strong and favourable implications for real estate as developers can expect streamlining of taxation process through it. They can expect a climate of...
“There are several taxes that apply to real estate projects, some by state governments others by the Centre. A uniform tax rate would make the process...
“The real estate industry currently has two main taxes-Service Tax and VAT. There is high degree of overlap of tax base and ambiguity on the rate...
“The presence of several indirect tax components faced at present are a major cause that brings tax inefficiency. The acceptance of GST will help in restricting...
“The introduction of GST will bring transparency in the system which faces lot of problems due to issues like double taxation in construction sector which impact...
“GST is going to subsume multiple indirect taxes into one which is sure to make the taxation process quite easier. It will also result in reduction...
“GST will help to get unified tax rates all over India and bring multiple taxes under one umbrella, easing confusion and simplifying litigation in real estate....