Developers of affordable homes should not collect GST from buyers: finance ministry

Developers of affordable homes should not collect GST from buyers: finance ministry The finance ministry clarified that most affordable housing projects attract a 12% GST, the effective rate of which falls to 8% after adjusting for the cost of land, which is not subject to GST . Developers of affordable homes should not collect goods […]

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Regulator tweaks insolvency rules to raise bid value

Regulator tweaks insolvency rules to raise bid value The insolvency regulator has amended rules to prevent low bidding for stressed assets being restructured through the National Company Law Tribunal (NCLT). Through a notification, the Insolvency and Bankruptcy Board of India also virtually shortened the period for resolution professionals to present a resolution plan to NCLT […]

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