+
GST Council Nearing Clarification on RERA Tax Exemption
Real Estate

GST Council Nearing Clarification on RERA Tax Exemption

The Goods and Services Tax (GST) Council is poised to bring forth much-needed clarity on the tax exemption status for the Real Estate Regulatory Authority (RERA). This move aims to alleviate uncertainties and apprehensions within the real estate sector, providing a clearer understanding of the tax implications associated with RERA.

The impending clarification from the GST Council is expected to offer guidance on whether RERA can be considered exempt from GST or if any specific conditions apply. The real estate industry has been seeking elucidation on this matter to ensure compliance and facilitate smoother operations in line with the tax regulations.

RERA plays a crucial role in regulating and promoting transparency in the real estate market. The GST Council's clarification on its tax treatment is anticipated to have significant implications for developers, builders, and other stakeholders in the real estate sector. It could influence financial considerations and operational decisions, bringing about a more informed and streamlined approach to tax compliance.

As the real estate industry eagerly awaits this clarification, the GST Council's move is expected to provide a more defined framework, fostering a conducive environment for compliance and growth within the realm of real estate taxation.

The Goods and Services Tax (GST) Council is poised to bring forth much-needed clarity on the tax exemption status for the Real Estate Regulatory Authority (RERA). This move aims to alleviate uncertainties and apprehensions within the real estate sector, providing a clearer understanding of the tax implications associated with RERA. The impending clarification from the GST Council is expected to offer guidance on whether RERA can be considered exempt from GST or if any specific conditions apply. The real estate industry has been seeking elucidation on this matter to ensure compliance and facilitate smoother operations in line with the tax regulations. RERA plays a crucial role in regulating and promoting transparency in the real estate market. The GST Council's clarification on its tax treatment is anticipated to have significant implications for developers, builders, and other stakeholders in the real estate sector. It could influence financial considerations and operational decisions, bringing about a more informed and streamlined approach to tax compliance. As the real estate industry eagerly awaits this clarification, the GST Council's move is expected to provide a more defined framework, fostering a conducive environment for compliance and growth within the realm of real estate taxation.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?