ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • India
    • Economy
    • Politics
    • Markets
  • World
    • Economy
    • Politics
    • Markets
  • Companies
    • Auto
    • Banking & Financial Services
    • Pharma
    • Energy
    • Infrastructure
    • Media
    • IT
    • Telecom
    • Consumer Products
    • Aviation
    • FMCG
  • Personal Finance
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
  • Mutual Funds
  • Technology
  • Automobile
    • Cars
    • Bikes
  • Small Business
    • SME
    • Startups
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
    • AUTHORS
Home » India News

Budget 2019 expectations: Realty developers demand rationalisation of GST, input credit from Modi government

Demand is to GST exempt for suppliers making supplies to SEZ units and thereby, supporting them in managing their working capital position which gets blocked in the shape of GST refunds.

  • Twitter
  • Facebook
  • GPlus
Budget 2019 expectations: Realty developers demand rationalisation of GST, input credit from Modi government
GST input credit be allowed on works contract services for the construction and interior of office space. Photo source: Pixabay
By Asit Manohar
Updated: Thu, Jan 31, 2019
07:33 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
PM-KISAN to provide multiple benefits to farmers, says CEA PM-KISAN to provide multiple benefits to farmers, says CEA
PM Shram Yogi Maan-Dhan scheme: Unorganised workers can now subscribe to pension plan at these centres PM Shram Yogi Maan-Dhan scheme: Unorganised workers can now subscribe to pension plan at these centres
Project business increased the finance cost of the company: Anuj Poddar, Bajaj Electrical Project business increased the finance cost of the company: Anuj Poddar, Bajaj Electrical
Budget 2019 Data: Modi govt creates 3,79,544 new central government jobs! Budget 2019 Data: Modi govt creates 3,79,544 new central government jobs!
Are you a tax payer? A techie or CA? You will not get Rs 6,000 per year cash dole Are you a tax payer? A techie or CA? You will not get Rs 6,000 per year cash dole

With just one day to go for budget 2019, the real estate developers have demanded from the Narendra Modi to rationalise the GST across sector. They said credit inputs would be allowed on work construction and interior of office space as it has direct connection with the real estate sector. Gaurav Kashyap CEO Cherry Hill Interiors told Zee Business online, "GST input credit be allowed on works contract services for the construction and interior of office space since it has direct connection with the carrying out of business activities. Thereby, incentivizing the industry to undertake Capital expenditures." 

Kashyap said that input supplies to be made GST exempt for the suppliers who are making supplies to SEZ units and thereby, supporting those suppliers in managing their working capital position which gets blocked in the shape of GST refunds on account of supplies to SEZ units/developers.

See Zee Business Budget 2019 video below:

#Budget2019 के ठीक एक दिन पहले आज दोपहर 12:56 PM पर समझिए बजट की बारिकियां #BudgetKiPaathshaala में अनिल सिंघवी और वरिंदर बंसल के साथ। pic.twitter.com/OKJk72iB7b

— Zee Business (@ZeeBusiness) January 31, 2019

Surendra Hiranandani, Founder and Director, House of Hiranandani told, "There is significant expectation is to cut GST rates to a single, standard rate, and not have multiple rates or taxes. The abolition of stamp duty or its incorporation under GST will be an added advantage welcome." He said that Indian real estate sector is the most highly taxed with the combination of high direct and indirect taxes, stamp duties and levies for development approvals. These extraordinarily high taxes coupled with high interest rates has been crippling growth.

To bring back growth in the sector which is so vital to any developing economy the Government needs to do implement the following measures in the upcoming budget.

TAGS:
Budget 2019Narendra ModiPiyush GoyalGST
RELATED NEWS
PM-KISAN to provide multiple benefits to farmers, says CEA PM-KISAN to provide multiple benefits to farmers, says CEA
PM Shram Yogi Maan-Dhan scheme: Unorganised workers can now subscribe to pension plan at these centres PM Shram Yogi Maan-Dhan scheme: Unorganised workers can now subscribe to pension plan at these centres
Project business increased the finance cost of the company: Anuj Poddar, Bajaj Electrical Project business increased the finance cost of the company: Anuj Poddar, Bajaj Electrical
Budget 2019 Data: Modi govt creates 3,79,544 new central government jobs! Budget 2019 Data: Modi govt creates 3,79,544 new central government jobs!
Are you a tax payer? A techie or CA? You will not get Rs 6,000 per year cash dole Are you a tax payer? A techie or CA? You will not get Rs 6,000 per year cash dole

LATEST NEWS

Airbus pencils in orders for new A321XLR jet: sources

Modi govt Mudra Scheme: Get Rs 4 lakh loan to start this business

Samsung Galaxy M10,M20 one hour sale at Reliance Jio today; save Rs 3110, know price, features and specs

BPSC Recruitment 2019: Exam date alert for Bihar Public Service Commission aspirants

PACL Refund Claim Online: Pearls investors must not do this - May not get any money

Total Dhamaal box office collection prediction: Ajay Devgn, Anil Kapoor starrer set for double-digit opening

Salaried employee? Retire rich! EPFO hikes Employee Provident Fund (EPF) interest rate to 8.65% - Calculate your gains

Global Markets: Asian stocks trade flat on weak US data

Apple teams with Ant Financial, banks for interest-free iPhone financing in China

Asset management giant IDFC launches equity hedge tactical fund 'IDFC India'

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • Amazon Prime Day
  • Income Tax
  • Bharti Airtel
  • NPA
  • Home Loan

Trending Topics

  • Farm Loans
  • 7th Pay Commission
  • Sanitary Pads
  • National Stock Exchange
  • GST

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved