GST exemption on renting residential buildings withdrawn
Real Estate

GST exemption on renting residential buildings withdrawn

GST exemption on renting of residential dwelling to business entities (registered persons) has been withdrawn, as per the reported recommendations by the GST Council. GST on LED lamps, lights and fixture, and their metal printed circuits board has increased from 12 per cent to 18per cent, while hotel accommodations upto Rs. 1,000 per day will be taxed at 12 per cent.

As per the clarifications, all fly ash bricks will attract same concessional rate irrespective of the fly ash content. The condition of 90 per cent fly ash content with respect to fly ash bricks will apply only to fly ash aggregate and not on the fly ash bricks. As a simplification measure, the condition of 90 per cent content is being omitted.

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GST exemption on renting of residential dwelling to business entities (registered persons) has been withdrawn, as per the reported recommendations by the GST Council. GST on LED lamps, lights and fixture, and their metal printed circuits board has increased from 12 per cent to 18per cent, while hotel accommodations upto Rs. 1,000 per day will be taxed at 12 per cent. As per the clarifications, all fly ash bricks will attract same concessional rate irrespective of the fly ash content. The condition of 90 per cent fly ash content with respect to fly ash bricks will apply only to fly ash aggregate and not on the fly ash bricks. As a simplification measure, the condition of 90 per cent content is being omitted.

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Infrastructure Energy

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

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Infrastructure Urban

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

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Infrastructure Energy

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..

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