Tag: rate

Real estate stocks rally on GST rate cut boost

NEW DELHI: Most real estate stocks were trading higher in early trade on Monday after the GST Council on Sunday cut tax rates on under-construction flats to 5 per cent and affordable homes to 1 per cent, effective April 1. The Nifty Realty index was trading 2.25 per…

‘GST rate on real estate not to impact property prices’

‘Incidence would match or be lower than the existing taxes’ The Goods and Services Tax rate of 12% on the real estate sector will not have a measurable impact on prices, according to the National Real Estate Development Council (NAREDCO). However, the Council pointed out that…