[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
Realty developers have urged the central government to allow Input Tax Credit
(ITC NSE -0.37%) for real estate development under the composite scheme of the Goods &
Services Tax (GST).
In its recommendation to the finance ministry, the developers’ body CREDAI has stated that
due to the prevailing exorbitant construction costs, it strongly believes that such a move would
help in rationalising housing prices by 10% and spur the supply of affordable housing projects
across tier I markets.
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Have a nice day