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GST cut: Govt expects realtors to pare prices

GST cut: Govt expects realtors to pare prices

HIGHLIGHTS The government is keen to ensure that builders do not raise prices, citing the withdrawal of input tax credit, and should actually reduce the rate ‘Our analysis has shown that they were not passing on the benefits to consumers, although they were showing very high tax credit and paying a very low amount of […]

Decision on GST Rates for Realty, Lotteries Deferred

Decision on GST Rates for Realty, Lotteries Deferred

GST Council postpones key meet to Feb 24 as some states sought face-to-face discussions on these issues: The GST Council deferred a decision on rationalisation of tax rates for real estate and lotteries till February 24 when it will continue the discussion, as some opposition-ruled states sought a meeting where members were physically present in […]