GST NEWS

GST Council starts 32nd meeting: Tax relief in purchase of under-construction flats, incentives for MSMEs on agenda

Publication: BUSINESS TODAY Date : 10 JANUARY 2019

Major issues that will be discussed during the meeting include lowering of GST rates on under-construction flats and houses to 5 per cent and raising the exemption threshold from Rs 20 lakh to Rs 75 lakh for small and medium enterprises.

Explainer | Here's how much you will pay if GST on under-construction houses is cut to 5%

Publication: MONEY CONTROL Date : 10 JANUARY 2019

2017 is best remembered for ushering in a regulatory mechanisms into the realty sector,

GST Council meet today: Relief on cards for small businesses, real estate sector

Publication: INDIA TODAY Date : 10 JANUARY 2019

At present, businesses with turnover up to Rs 20 lakh are exempt from paying Goods and Services Tax. The GST Council may increase the exemption threshold for small businesses who are now forced to register under GST.

CITY NEWS

Residents oppose new promenade at Worli Seaface

Publication: TIMES OF INDIA Date : 10 JANUARY 2019

Mumbai: Worli residents and Worli Walkers Association plan to protest during the Mumbai Marathon on January 20, drawing attention against BMC’s decision to take over the Worli Seaface promenade for construction of the 9.98km coastal road.

REALTY NEWS

NBFC crisis hits real estate sector; sales growth muted at 6%

Publication: BUSINESS TIMES Date : 10 JANUARY 2019

In the first six months of this year, 1,82,207 units were launched across eight cites including Mumbai, Bengaluru and the National Capital Region (NCR), out of which nearly 60 percent were priced below ₹50 lakh