SURFACES REPORTER is India's 1st and only Architecture and Interior Design magazine dedicated to products and materials.
 

#OpinionGST: Mr. Sunil Sharma, VP- CRM & Marketing, Mahindra Lifespaces Developers Limited

An industry’s top-shot, Mr. Sunil Sharma, VP- CRM & Marketing, Mahindra Lifespaces Developers Limited, says: “The Goods & Services Tax (GST) is set to bring about fundamental shifts in taxation in the real estate and infrastructure sector.

An industry’s top-shot, Mr. Sunil Sharma, VP- CRM & Marketing, Mahindra Lifespaces Developers Limited, says: “The Goods & Services Tax (GST) is set to bring about fundamental shifts in taxation in the real estate and infrastructure sector.  Taxes such as Excise Duty, VAT, Octroi, LBT, etc. have been subsumed into GST.  The implementation of GST is expected to benefit the sector in the long term, owing to improved transparency and accountability across the value chain, and ease of doing business.  A simpler and more transparent tax regime applied on the purchase price under GST is a significant takeaway for property buyers.  GST will also entitle developers and contractors to input tax credit on purchase of materials, which can improve efficiency in transportation/logistics related to construction materials. In the mid-long term, the stabilization brought about by GST can streamline the Indian real estate sector, with benefits across the ecosystem on account of improved efficiencies.”

Mahindra Lifespaces is one of the leading real estate development companies in India. We have projects across the country to provide urbanised living spaces to all. We work for sustainable living and espouse green design.

About Surfaces Reporter

Surfaces Reporter is India’s 1st magazine specialized on “products & materials” for architecture & Interiors! The prime objective of Surfaces Reporter magazine is to contribute positively to the Indian material industry, with unbiased information & awareness initiatives.

Surfaces Reporter magazine has a clear & niche target group comprising of Architects, Engineers, Builders, Interior Designers, Manufacturers, Celebrities, Showrooms, Consultancy firms, and Leading Business houses, Hotels & Restaurants, and PMCs etc. If you have a Product or Project worth publishing in Surfaces Reporter, please email us hello@surfacesreporter.com or you can also submit your project online.

Like Surfaces Reporter on Facebook | Follow us on Twitter and Instagram | Subscribe to our magazine | Sign Up for the FREE Surfaces Reporter Magazine Newsletter

Post Your Comment




top stories

Aluminium Composite Panel-Why Its a Favoured Construction Material

Aluminium Composite Panel - A Favoured Construction Material

Aluminium Composite Panels (ACPs) are changing the face of the building industry. Surfaces Reporter Team delves deep to ...

PHASE is a lighting collection which expresses the waxing and waning of the moon.

Crystalline Green Beauties

PHASE is a lighting collection which expresses the waxing and waning of the moon.

Bringing Exquisite Designs for Men

Madia-Billiard Brings Exquisite Designs for Men

Beauty is synonymous with women, they have been the natural choice for artistic pieces of luxury. However, we are witnes...

More Stories