Property in India
Indian Realty Sector Expects Industry Status from New Govt
The Indian realty sector has been demanding the Central government for an industrial status for a few years now. While the previous government did hint at an industrial status, it failed to provide this status to the realty sector. The ‘industry-status’ gives several advantages to the realty sector. New hope building The Indian realty sector […]
‘Works contract’- VAT on property under construction
VAT is applicable on works contract. So according to supreme court, VAT is applicable on building contracts and property under construction. In a building contract where the land owner gives the land to the builder for construction and in return gets a portion of the developed property, then it comes under a work contract. Then […]
