Builders must pass on the GST benefit to homebuyers: Experts – GST Station
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Ideally, the 12% GST on under construction projects should be partially offset by the higher taxes paid on inputs by builders and the effective GST on the homebuyers should be much lesser.
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Engage realtors to pass GST benefit to buyers: Finance Ministry to HUPA Revenue Secretary Hasmukh Adhia has written to HUPA secretary and asked him to sensitise all the states as well as the regulator under the Real Estate (Regulation and Development) Act, 2016.
Experts point out that the extent to which home buyers will benefit, will depend on various aspects and the complexities of the business. Shrikant Paranjape, president of CREDAI Pune Metro, maintains that "The impact of the GST on property prices, will be difficult to gauge at this stage because of the lack of clarity on abatement for land value.
While banks are pulling back from lending to overleveraged home buyers, fearing a collapse. Income tax, company tax, GST, petrol tax, and sin taxes. If the money it taxes isn’t enough, it has.
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Will GST Empower Homebuyers To Strike A Better Deal? June 19, 2017 | Sneha Sharon Mammen The Goods and Services Tax or GST is scheduled to be launched on July 1, and it is set to change the way the real estate sector will look at taxes.
1 in 3 Aussies eyes buying a home this year 2 Things You Need to Know to Properly Price Your Home In today’s market, you need an expert agent who can help price your house right from the start. Homeowners who make the mistake of overpricing their homes will eventually have to drop the price.
With home prices on the rise, deposits losing their relative value, and affordability at a decade high, surely it must be time to jump into the market? So why then do the most recent ABS housing.
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