Government’s recent move to promote eco- friendly transportation system in India to sustain effects of climate change At a recent meeting, the GST council decided to reduce the tax rate of electric vehicles to 5 % from existing 12%, as an attempt to expedite the use of eco- friendly transportation in India. As per the […]
Housing sales for major Indian cities likely to be in trouble in 2018
A recent survey in India, carried by property consultant JLL India, showed that a total of 4.4 lakh houses were unsold at the end of 2017. This survey was conducted in seven major cities of the country, which revealed that Delhi-NCR had maximum number of property hanging. The data showed that about 1,50,654 units in […]
Jagmohan Garg, Ramesh Nair, Priyajit Ghosh talk about GST’s impact on realty sector
According to Jagmohan Garg the owner of Mera Baba Group, “Being a uniform indirect tax, GST will abolish the multiple taxation system, propagating the much-needed transparency in realty segment.” The implementation of the Goods and Services Tax (GST) is looked upon as a robust move to eliminate the haphazard tax structure plaguing the country currently. […]
All about GST – 10 FAQs about India’s new taxation system
The implementation of GST, has many people scratching their heads. To help them understand this new taxation system better, we have come up with GST frequently asked questions and their answers. What is GST? Goods and Services Tax (GST) is a destination based tax on the consumption of goods and services. It is levied at […]
Buy your car before GST becomes a reality in July
If you are planning to buy a car, NOW is the time! Big cars are likely to become cheaper due to lower tax under GST. Before GST sets in July 1, automobile makers Ford India, Audi, BMW and Mercedes are offering major price slash. The discount is a move by car makers to pass on benefits […]
GST to better realty industry prospects, says Jagmohan Garg Delhi
Jagmohan Garg Delhi, Sunil Singhania, Nomura, Kotak, Motilal Oswal talk about the impact of GST on corporates, economy and real estate sector. The unveiling of taxation rates or slabs for a host of products and services has affected the Indian economy and equity markets significantly. It has brought the implementation of the Goods and Services […]
GST to Overpass Every Existing Tax Very Soon
GST – A boon or a bane will be decided in future but speculations regarding its implementation has already shook the paradigm of various industries. The much awaited Goods and Services Tax has received green signal from Rajya Sabha in light of “One nation, one Tax”. Undoubtedly, GST has its own perks that brought its […]