Categories: Business News

one-year completion of GST, A Review by Ravish Kapoor & Ssumit Berry

New Delhi, August 07, 2018: “India entered a new era of single unified tax regime called Goods and Service Tax (GST) on July 1, 2017, where the economy let go off various taxes to adopt one single tax. The impact of GST on real estate sector is neutral, and overall more helpful to the developers as well as for the end -users. As now the end customer is able to assess his tax liabilities in an easier and more transparent manner. The biggest advantage is that it brought in total accountability in costing & tracing every supplier of material who can be held accountable and responsible in future. Over the future, the Indian real estate sector will emerge stronger, healthier and capable of long periods of sustained growth under GST“.  – Mr.Ravish Kapoor, Director, Elan Group

“The introduction of the GST (Goods and Services Tax) has grabbed the attention across all industries in the country. It has brought in multi-edged positive impact in the realty sector: invited in more transparency, abolished multiple taxation systems. At present, every sector is facing few of the confusions relating to the implementation of it. With the passing of time, these doubts are being cleared out and the indirect tax is making the things more seamless. In future, the real estate sector will become more systematic and streamlined.” – Mr. Ssumit Berry, Managing Director, BDI Group
Corporate Comm India(CCI Newswire)

Recent Posts

NAREDCO Maharashtra NextGen Ties Up with Brigade REAP to Strengthen PROPEL, Empowering Emerging Entrepreneurs in Real Estate

Brigade REAP Incubates 76 Proptech Startups, Leading India's Largest Proptech Ecosystem with ₹200 Cr Earth…

10 hours ago

Dr. Gautam Kanodia: Redefining Luxury Real Estate with KREEVA

New Delhi, November 22, 2024: Dr. Gautam Kanodia has emerged as a visionary leader, redefining…

10 hours ago

The Rise of Premium Luxury Residences: How NCR is Setting New Standards

New Delhi, November 21, 2024: Over the years, Delhi-NCR has emerged as a hotspot for…

2 days ago

3A Composites’ Flagship BrandALUCOBOND Launches a Premium Product ‘ALUCODUAL®’

~ The Company strengthens the product portfolio with the launch of innovative & ‘Made in…

2 days ago

Government Policies and Housing Premiums Under Spotlight in latest Mumbai Realty Report

- NAREDCO Maharashtra and 1 Finance Unveils Comprehensive Study on Mumbai's Real Estate Landscape -…

2 days ago

Onward Workspaces Expands with leasing 18,000 Sq. Ft. Premium Facility at Emaar Capital in Gurgaon, Catering to Global Enterprise

The announcement marks a major step in offering Flexible Grade-A Office Solutions for Modern Businesses…

2 days ago