Reconsider 18% GST on FSI, says CREDAI

Imposing GST on FSI Charges Could Raise Housing Prices by 10%, Impact Demand: Realty Developers

CREDAI in a letter to FM Nirmala Sitharaman says the move to impose 18% GST on FSI would have a substantial incremental impact on project costs.

Reconsider 18% GST on FSI, says CREDAI

CREDAI urges Finance Minister to reconsider 18% GST on FSI charges, warning of increased housing costs and economic impact.

GST Council Meeting: Imposing 18% GST on FSI will increase the burden on home buyers

GST Council Meeting: Real estate developers across the country have urged the central government to reconsider the proposal to levy 18% GST on Floor Space Index (FSI) and additional FSI charges. The Confederation of Real Estate Developers Association of India (CREDAI) has expressed concern over the move as it is likely to lead to a huge increase in construction costs and house prices.What is FSI?FSI (Floor Space Index) is the ratio that shows th…

Imposing GST on FSI Charges could Increase Housing Prices by 10% and Adversely Impact Demand: CREDAI

–          CREDAI Urges Central Government to reconsider proposal of bringing FSI/ Additional FSI within the scope of GST 20 December, New Delhi: In a letter addressed to the Honourable Finance Minister, CREDAI today strongly urged the Central Government to reconsider the proposition of charging 18% GST on FSI/ Additional FSI charges paid to local authorities for real estate projects. According to CREDAI, this move would have a substantial incre…