https://www.taxtmi.com/news?id=18913 Bringing real estate within the ambit of the Goods and Services Tax is under consideration, with construction for sale currently subject to a 12 per cent GST while land and immovable property remain exempt. The proposal seeks to align levy and exemption rules to create a single tax incidence on property products, broaden the tax base, reduce the shadow economy, and integrate tax credits to lower final consumer burden, alongside enhanced compliance measures to identify disproportionate deposits and non-compliance. en-us Thu, 12 Oct 2017 18:43:19 +0530 Thu, 12 Oct 2017 18:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18913 Bringing real estate within the ambit of the Goods and Services Tax is under consideration, with construction for sale currently subject to a 12 per cent GST while land and immovable property remain exempt. The proposal seeks to align levy and exemption rules to create a single tax incidence on property products, broaden the tax base, reduce the shadow economy, and integrate tax credits to lower final consumer burden, alongside enhanced compliance measures to identify disproportionate deposits and non-compliance. News - Thu, 12 Oct 2017 18:43:19 +0530 https://www.taxtmi.com/news?id=18913