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

Mindspace REIT Partners with Global Network for Zero (GNFZ) to Transition Entire Portfolio to a Net-Zero Certification Pathway

~ Reaffirms Commitment to Achieve Net-Zero Emissions by 2042 ~ ~ Among India’s Largest Portfolio-level…

2 hours ago

Rama Group Launches Rasvi at Rama World, Strengthening “The Neighborhood” as a Premium Food Destination

Elevates The Neighborhood's curated food ecosystem with Rasvi's premium confectionery and gifting experience National, April 24,…

2 hours ago

Aarize Group Appoints Vikas Sharma as Chief Business Officer to Drive Strategic Growth

New Delhi, April 23, 2026: Aarize Group, a fast-emerging real estate developer headquartered in Gurugram,…

24 hours ago

Bigbloc Construction Commences Trial Production at Umargaon, Enters Construction Chemicals Segment

Umargaon facility to manufacture block jointing mortar, ready mix plaster and tile adhesives  ·       Enters construction…

1 day ago

Shapoorji Pallonji Real Estate to host Property Expo in Gurugram

New Delhi, April 21, 2026: Shapoorji Pallonji Real Estate (SPRE), one of India's most trusted real…

3 days ago