The accommodation & real-estate renting sector makes a significant contribution to the Indian economy. Apart from infrastructure development, it generates numerous business & employment opportunities. However, the onset of pandemic left the sector grappling with people leaving to their hometowns and properties left vacant. The sector was now on the verge of recovery with many co-livings, property owners offering competitive pricing to bring back the tenants. However, uncertainty in the tax structure and continuous tweaking is another big concern and a talking point of dispute between the landowners and tenants with both parties looking to safeguard its position.
Source Taxguru
Latest Posts in "India"
- India’s GST Council Endorses Two-Tier Tax Structure for 2025
- GST Reduction on Fruit Drinks Excludes Colas; Prices Remain Unchanged for Carbonated Beverages
- Supreme Court Stays Retrospective GST Penalty, Examines Applicability to Non-Taxable Persons
- India Unveils Simplified GST Rate Structure
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
