GST Council Nearing Clarification on RERA Tax Exemption

29 Feb 2024 CW Team

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.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..