Since GST related decisions are within the purview of the GST council, copy of the letter has been sent to all state finance ministers so that the matter is addressed expeditiously, the ASSOCHAM letter said
Budget 2021: Real estate sector expects lower home loan interest rates Budget 2021: The real estate sector wants stimulus in the form of sops in the upcoming Union Budget to boost housing demand, a top Credai Bengal official said. The demands include personal tax relief, tax rebate on housing, extension of interest subvention, GST waiver, infrastructure status for the realty and easing liquidity for the sector, the official said. The Budget for financial year 2021-22 will be presented on February 1. In recent months, the government had offered Rs 25,000 crore stress asset fund for the uncompleted housing projects, increasing the differential from 10 per cent to 20 per cent under Section 43(CA) of the IT Act till June 30, 2021 were announced apart from ongoing interest subvention scheme.