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April 2017

impact of GST on real estate

The impact of GST on Real Estate Sector

Arun Jaitley, the Finance Minister of India and the Chairman of Goods and Service Tax (GST) re-proposed GST – the indirect taxation system in the year 2016 under The Constitution (One Hundred and First Amendment) Act 2016. The idea was to bring in all the different kinds of taxes into a single taxation system. This is reckoned to be one of the most important tax reforms post-independence. The GST Council consisting of representatives from the centre as well as the states, after being constituted, met on several occasions to discuss various issues including dual control, GST laws, exemptions, thresholds, rate structure, compensation cess etc. and reached consensus on the same. Keep Reading

9-12-breaking dwon - real estate investment trust

Things that You Need to Know about Real Estate Investment Trusts (REITs)

Real Estate Investment Trust or REIT is a company operating in the real estate sector that offers public common shares as investment. To put it in simple terms, REIT is a stock investment option that is akin to any other stocks / shares representing ownership in an operating business. Primary business of a typical REIT is to group income generating real estate properties. Like in other stocks, REITs too distribute profits with the share holders as dividends. By means of REIT’s, an investor will be able to buy stocks of a real estate portfolio (group of properties that generate income) without actually having to finance or buy properties. Keep Reading