Categories: Business News

New GST structure for real estate: A big relief for developers

– Mr. Madhusudhan G, Chairman and MD, Sumadhura Group

New Delhi, March 20, 2019: “The latest GST announcement certainly favours the developer community by making it flexible – to choose between old GST rates with input tax credit (ITC) or the new reduced GST rate of 5 per cent without ITC. Also, this new tax structure for real estate solves the transition issues on ITC for the ongoing projects and is a big relief for developers.”

Corporate Comm India(CCI Newswire)

Recent Posts

Signature Global Emerges as Top Developer along Dwarka Expressway with highest supply post pandemic: Square Yards

• Property Prices surge by around 29% in the first nine months along Dwarka Expressway New…

8 hours ago

Chennai Residential Real Estate Market 2024

By Mr. Mohamed Ali, President of CREDAI Chennai The Chennai residential real estate market in…

8 hours ago

Know About Prateek Group’s Upcoming Premium Residences in Siddharth Vihar, Ghaziabad

Ghaziabad, December 21, 2024: As Delhi-NCR's luxury housing segment grows, the region sees the presence…

5 days ago

Finding Balance in Design: The Prana Homes Launches Mindful Living Collections

New Delhi, December 21, 2024: Redefining the art of holistic living, The Prana Homes by Pooja…

5 days ago

Real Estate 2025: Key Platforms Revolutionising the Real Estate Landscape in India

New Delhi, December 20, 2024: The Indian real estate market is undergoing a remarkable transformation,…

6 days ago

Film Producer Madhu Mantena’s Company Acquires Multiple Apartments Totalling Rs. 25.75 Crore in Mumbai: Square Yards

New Delhi, December 20, 2024: Madhu Mantena, the acclaimed film producer behind hits like Ghajini…

6 days ago