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GST

Govt to Refund GST if Purchase of Incomplete House Called Off: Experts

Govt to Refund GST if Purchase of Incomplete House Called Off: Experts

Homebuyers cancelling purchase of an under-construction house after paying the purchase price and goods and services tax (GST) will get the refund directly from the government, said experts. The finance ministry said in the 48th GST Council meeting that there is no procedure for claim of refund of tax borne by unregistered buyers in cases […]

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GST For Realty: Boon OR Bane?

GST For Realty: Boon OR Bane?

Before the introduction of Goods and Services Tax (GST), paying multiple taxes in a complicated system was the biggest challenge faced by the real estate industry, thus resulting in disparity in property rates across the nation for which home-buyers bore the brunt. Today, under the GST regime, under-construction properties are taxed at 18 per cent, […]

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