Goa CM: Bare minimum GST on housing
ECONOMY & POLICY

Goa CM: Bare minimum GST on housing

Chief Minister Pramod Sawant mentioned that the recently reconstituted group of ministers (GoM) on the real estate sector were of the view that the Goods and Services Tax (GST) on housing should be kept to a bare minimum to make housing more affordable for the common man. He stated that a final decision would be made at the next meeting, scheduled to take place in Goa on either September 23 or 24. This was one of the key issues discussed during the GoM meeting, which Sawant chaired. The GoM also emphasised the need to boost the real estate sector under GST.

Sawant further noted that three major issues were discussed during the meeting: GST on properties leased by the government for more than 30 years, matters related to housing societies, and whether to impose GST on redevelopment projects. He highlighted that this was the first meeting held after four years.

Additionally, Sawant mentioned that another issue under consideration was whether a minimum GST should be imposed on houses that have undergone redevelopment, and that the state government has been asked to provide data on housing societies and industrial plots. He added that West Bengal, Punjab, and Maharashtra had already submitted their proposals, and all states have been asked to submit details of their redevelopment schemes and revenue losses.

Sawant explained that various issues related to the real estate sector and submissions from state governments were discussed. The council decided to obtain updated data from all states on each agenda point to study the detailed revenue implications and other issues before making decisions.

Referring to Dabolim airport, Sawant stated that he would travel to Delhi again to meet with the defence minister to request more slots at Dabolim airport for airlines. He also urged Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu to prevent domestic airlines from shifting their operations from Dabolim airport to Manohar International Airport at Mopa. Additionally, he requested the minister to authorise new international flights for Dabolim and to reduce parking fees and user development fees, stating that these measures would help sustain operations at the airport. 

Chief Minister Pramod Sawant mentioned that the recently reconstituted group of ministers (GoM) on the real estate sector were of the view that the Goods and Services Tax (GST) on housing should be kept to a bare minimum to make housing more affordable for the common man. He stated that a final decision would be made at the next meeting, scheduled to take place in Goa on either September 23 or 24. This was one of the key issues discussed during the GoM meeting, which Sawant chaired. The GoM also emphasised the need to boost the real estate sector under GST.Sawant further noted that three major issues were discussed during the meeting: GST on properties leased by the government for more than 30 years, matters related to housing societies, and whether to impose GST on redevelopment projects. He highlighted that this was the first meeting held after four years.Additionally, Sawant mentioned that another issue under consideration was whether a minimum GST should be imposed on houses that have undergone redevelopment, and that the state government has been asked to provide data on housing societies and industrial plots. He added that West Bengal, Punjab, and Maharashtra had already submitted their proposals, and all states have been asked to submit details of their redevelopment schemes and revenue losses.Sawant explained that various issues related to the real estate sector and submissions from state governments were discussed. The council decided to obtain updated data from all states on each agenda point to study the detailed revenue implications and other issues before making decisions.Referring to Dabolim airport, Sawant stated that he would travel to Delhi again to meet with the defence minister to request more slots at Dabolim airport for airlines. He also urged Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu to prevent domestic airlines from shifting their operations from Dabolim airport to Manohar International Airport at Mopa. Additionally, he requested the minister to authorise new international flights for Dabolim and to reduce parking fees and user development fees, stating that these measures would help sustain operations at the airport. 

Next Story
Infrastructure Energy

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Next Story
Real Estate

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Next Story
Infrastructure Energy

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement