The order might even raise the overall price of apartments that offer car parking as well, since the order stipulated 18% GST on the price of the park
In April-May, properties have become expensive by more than 10 percent in many parts of the country due to rising cost of building materials
Demand to cut the GST rate comes at a time when the new business premiums of 24 life insurers have registered a 5% degrowth in October
"Why should insurance premium be taxed while all essential commodities are out of GST net?"
The economy is expected to recover sharply from manufacturing, services, GST, card payments, CVs, jewellery, electronics and sales of retail products.
A permanent solution to the runaway prices is possible only if petrol and diesel are brought under GST.
The government is expecting the GST collection to remain around Rs 1.5 Lakh crore over next few months
The GST revenues for October have been the second-highest ever since the introduction of GST, second only to that in April 2021
The levy with retrospective effect is a double-whammy to Covid-batter small-time players
Higher GST on equipment and customs duty on solar modules may lead to a price rise.