GST

The upcoming Union Budget 2025 presents a pivotal opportunity to implement strategic policy reforms that can significantly enhance the real estate sector's contribution to India's economic development. By addressing key areas such as affordable housing, industry status recognition, taxation, regulatory frameworks, infrastructure development, sustainable building practices, and foreign investment, we can...

The real estate sector in India stands as a cornerstone of the nation's economy, contributing approximately 8-9% of the GDP. It holds the distinction of being the second-largest source of employment after agriculture. Encompassing over 200 ancillary industries—including cement, steel, bricks, paints, and furnishings—the real estate industry has a vast and dynamic impact. By 2030, it is projected to...

The introduction of Goods and Services Tax (GST) in India has significantly streamlined the taxation process for the real estate sector, impacting both residential and commercial properties. The GST framework offers a more unified approach by replacing the multiple taxes that existed previously, including VAT, service tax, and various other levies. This article delves deeply into the various aspects of...