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GST rollout, launch in India: How Goods and Services Tax affects your home loan, house construction, renovation and furnishing budget

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The government is considering a price-monitoring mechanism under the proposed goods and services tax (GST) to ensure that the multiple benefits of the landmark reform are passed on and head off any unwarranted price shocks. States are also keen to ensure that the effects of GST provide a demand push to the economy.

Small business houses and traders form a key voter base and were the worst hit by the government’s previous policies – demonetization in 2016 and the goods and services tax (GST) rollout in 2017 – both of which disrupted supply chains and raised compliance costs for businesses. erratic policy implementation to hurt business profitability

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Full speech of JK Budget 2018-19.. The reason being that under GST Input Tax Credit can be availed for electricity. This will boost the industrial sector and also encourage investment in power.

The publication by the Institute titled, "An Insight of GST in India" attempts to sketch an outline of the various elements of GST including its structure,proposed model, taxes to be subsumed, tax mechanism, valuation of goods and services, interstate movements of goods and services etc.

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The deceleration came largely from India, where growth slowed to 6.6% in 2017 from 7.1% in 2016 with the lingering impact of demonetization of high-denomination banknotes in November 2016 and teething problems attending the implementation of a new goods and services tax.

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NEW DELHI: Prices of under-construction apartments may rise by up to 5-10% when the Goods and Services Tax (GST) is rolled out. But, prices of completed apartments will not be affected as GST will not be applicable there. Read More

What Realtors Need To Know About Mortgages Today Many details associated with the primary cost of mortgages-the interest rate-can be confusing, especially when you are purchasing your first house. Before you buy, here are a few things you need to know. Mortgage Rates Are Inching Up. In October of 2016, mortgage interest rates were just under 3.5 percent.

The Goods and Services Tax (GST) Council on November 3 set the rates for the new tax regime. These rates would range from 5 to 28 percent, with 12 percent and 18 percent as standard rates. While things of mass consumption would be taxed at the rate of five per cent, luxury would be taxed at 28 percent.