You are here: Home » Markets » News
Business Standard
Web Exclusive

GST cut on under-construction properties to impact developers' margins

Some experts believe that it will be an uphill task for the developers to hike prices as the demand has not been too forthcoming

Topics
Gst  |  Gst Rates  |  Gst Real Estate

Puneet Wadhwa  |  New Delhi 

house, building, real estate

The cut in (GST) rates for under-construction properties from 12 per cent to 5 per cent and on affordable housing segment from 8 per cent to one per cent though will aid sales, experts suggest the lack of input tax credit (ITC) availability to the developers is likely to impact their margins going ahead.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, February 25 2019. 12:23 IST
RECOMMENDED FOR YOU
.