Real estate: GST, RERA compliance issues continue

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The real estate trends are upward now with the prices steadily growing and the buyers’ sentiments on the higher side. The real estate indices are also high with the market conditions also climbing on the optimistic side. In such a market scenario, the expectations are also high of the investors about the investment. Undoubtedly, acquiring [.]

Building on the structural reforms necessitated by GST and RERA, the sector is set to see better flow of funds and projects Real estate sector was, perhaps, the most affected sector of the Indian.

After battling waning demand and a liquidity crunch, real-estate stocks recover thanks to the GST rate cut and sops Real-estate sector has been reeling under multiple troubles – muted demand, liquidity issues, rising cost of finance and regulatory change (rera, cap on set-off of losses for.

RERA is expected to take care of all future buyer grievances. It was a year of changes for the sector, with the implementation of two historic legislations, the real estate (regulation and Development) Act, 2016 and Goods and Services Tax (GST). Businesses had to be realigned to comply with the stringent rules of RERA and GST.

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Builders who have received completion certificate for an ongoing project before April 1, 2019, will have to charge 12 per cent GST from buyers on the balance amount due towards purchase of the flat..

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Analysts believe that if credit growth to the real estate sector has slackened due to RERA, GST has increased the final tax outflow.

"Incessant project delays, dodgy activities of some developers and land litigation issues have plagued the Indian real estate sector over the last. implementation of game-changing policies like.

We have also appointed a RERA compliance officer. Together with interest subsidy scheme, GST and other initiatives by the government, RERA will encourage genuine interest in real estate investments.

The Indian real estate sector was extremely buyer-friendly in 2017 and presented an opportune time to seal the deal.’ This trend is likely to continue in 2018 as well and may, in fact, be strengthened amidst limited new launches.

Analysts believe that if credit growth to the real estate sector has slackened due to RERA, GST has increased the final tax outflow. Explore.. Real estate: GST, RERA compliance issues continue.

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