Real Estate
Supreme Court Upholds ITC Eligibility for Real Estate in Safari Retreats Case
The Supreme Court has dismissed the government’s review petition in the Safari Retreats case, affirming that input tax credit (ITC) can be claimed on construction costs for commercial properties used for leasing.
Real Estate Maharashtra
LIC Receives Rs 479.88 Crore GST Demand Notice from Maharashtra
Life Insurance Corporation of India (LIC) has been issued a significant GST demand notice by the Maharashtra State Tax Department, citing a shortfall of Rs 479.88 crore for the financial year 2020-21.
Real Estate
FICCI and Assocham Seek Input Tax Credit for Real Estate Developers on Commercial Properties
FICCI and Assocham have jointly urged the Finance Ministry to allow real estate developers to claim Input Tax Credit (ITC) on commercial properties intended for leasing and similar purposes. This move is aimed at reducing the financial burden on developer
Real Estate
FICCI, ASSOCHAM Push for Input Tax Credit for Real Estate Developers under CGST
Leading industry bodies, FICCI and ASSOCHAM, have strongly advocated for the inclusion of real estate developers in the Input Tax Credit (ITC) scheme under the Central Goods and Services Tax (CGST). This move aims to reduce the financial burden on develop
Real Estate Mumbai
Government's ITC Amendment May Impact Commercial Property Developers
The government's recent proposal to amend the Finance Bill 2025 with respect to input tax credit (ITC) on construction expenses for leased properties is expected to affect real estate developers of commercial properties. This move follows a Supreme Court
Real Estate
Supreme Court Ruling on Tax Credits Boosts Commercial Real Estate Investments
The Supreme Court's recent decision to permit input tax credits for construction used in taxable services is a significant boon for the commercial real estate sector, including offices, malls, and hospitality projects. This ruling is expected to reduce co
Real Estate
Unlocking Input Tax Credit (ITC) for Real Estate Sector: A Landmark Supreme Court Ruling
In a significant verdict, the Supreme Court has allowed the real estate sector to claim Input Tax Credit (ITC) on construction costs for commercial buildings used for business purposes.
Real Estate
Unlocking the Potential of Input Tax Credit (ITC) in the GST Regime
The Supreme Court's landmark ruling has paved the way for the real estate sector to claim ITC on construction costs for commercial buildings, but what does this mean for the industry and the economy at large?
Real Estate
Real Estate Sector Gets Relief as Supreme Court Allows Input Tax Credits on Construction Costs
The Supreme Court has ruled in favor of the real estate sector, allowing companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes.
Real Estate
GST Relief for Real Estate Sector: GoM Remains Unconvinced
The Group of Ministers (GoM) of the Goods and Services Tax (GST) Council is not in favor of providing relief to the real estate sector with regard to tax incidence on collaborative ventures between developers and land owners.
real estate news
GST Relief for Real Estate Sector Unlikely, Says GoM
Most members of the Group of Ministers (GoM) are not in favour of providing GST relief to the real estate sector, particularly with regard to joint development agreements (JDAs) between developers and land owners.
Real Estate Mumbai
GST Relief for Real Estate Sector: GoM Fails to Reach Consensus
Most members of the Group of Ministers (GoM) are not in favour of GST relief to the real estate sector, but discussions will continue before submitting a final report to the GST Council.
Real Estate
5% GST on Unsold Units at Occupancy: A Harsh Blow to Builders
Goa Chamber of Commerce and Industry suggests changes in GST levy on real estate sector, citing harsh impact on builders with unsold inventory
Real Estate
Input Tax Credit for Real Estate Sector: A Potential Game-Changer for Homebuyers
Allowing builders to claim input tax credit (ITC) could lead to lower property prices and alleviate the financial crunch in the real estate sector.
Real Estate Maharashtra
Flat Prices in Maharashtra to Increase as Developers Pass on Input Tax Burden
Homebuyers in Maharashtra may have to pay an additional Rs 200 per square foot as developers decide to pass on the input tax credit burden, according to the Confederation of Real Estate Developers Association of India (Credai), Maharashtra.
Real Estate
GST Council's Corporate Guarantee Relief Not a Boon for Realty and Power Firms
The GST Council's decision to provide tax exemption on corporate guarantees may not provide relief to real estate and power sectors, facing tax liabilities of Rs 1,000 crore.
real estate news
GST Relief on Corporate Guarantees: Experts Say Power, Realty Firms Won't Benefit
The GST Council's decision to exempt corporate guarantees from tax in two specific scenarios may not provide relief to power and real estate companies facing tax liabilities of Rs 1,000 crore.