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Affordable Housing Redefined? Proposed GST Could Boost Budget Homes
The GST Council's GoM proposes increasing the affordable home price barrier from ₹45 lakh to ₹55 lakh. If authorised, this might help budget homebuyers by matching GST incentives with growing property prices and increasing housing accessibility throughout India.
- 3rd Nov 2024
- 1156 Views
GoM Rejects Further GST Exemption on Land Leases
The Group of Ministers (GoM) on real estate has eliminated GST exemptions on private long-term land leases, a critical step. Tourism firms requesting exemptions are affected by this ruling. The meeting additionally discussed important subjects including housing society construction service taxation.
- 25th Sep 2024
- 1189 Views