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	<title>Property News India and Featured Real Estate Stories &#187; Service Tax</title>
	<atom:link href="http://groups.commonfloor.com/news/tag/service-tax/feed" rel="self" type="application/rss+xml" />
	<link>https://groups.commonfloor.com/news</link>
	<description>Property News India and Featured Real Estate Stories</description>
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		<title>Increase in Dividend Distribution Tax</title>
		<link>https://groups.commonfloor.com/news/increase-in-dividend-distribution-tax-68555</link>
		<comments>https://groups.commonfloor.com/news/increase-in-dividend-distribution-tax-68555#comments</comments>
		<pubDate>Wed, 16 Jul 2014 11:11:29 +0000</pubDate>
		<dc:creator>swiftsales.cf</dc:creator>
				<category><![CDATA[Budget 2014]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Agriculture sector]]></category>
		<category><![CDATA[Annual Financial Statement]]></category>
		<category><![CDATA[Appropriation Bill]]></category>
		<category><![CDATA[Auto sector]]></category>
		<category><![CDATA[Banking and Finance sector]]></category>
		<category><![CDATA[Consolidated Fund]]></category>
		<category><![CDATA[Corporates]]></category>
		<category><![CDATA[Customs duty]]></category>
		<category><![CDATA[DDT mechanism]]></category>
		<category><![CDATA[Defence budget]]></category>
		<category><![CDATA[Disinvestment proposals]]></category>
		<category><![CDATA[distribution]]></category>
		<category><![CDATA[Dividend Distribution Tax]]></category>
		<category><![CDATA[Dividend tax]]></category>
		<category><![CDATA[economic survey]]></category>
		<category><![CDATA[education sector]]></category>
		<category><![CDATA[Energy and Power sector]]></category>
		<category><![CDATA[excise duty]]></category>
		<category><![CDATA[Finance Bill]]></category>
		<category><![CDATA[finance minister Arun Jaitley]]></category>
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		<category><![CDATA[Impact of Union budget 2014 on different sectors]]></category>
		<category><![CDATA[Income tax slabs]]></category>
		<category><![CDATA[India Inc]]></category>
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		<category><![CDATA[Service Tax]]></category>
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		<category><![CDATA[Subsidies announced in Union budget 2014]]></category>
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		<category><![CDATA[Tax exemption]]></category>
		<category><![CDATA[Tax proposals in Union budget 2014]]></category>
		<category><![CDATA[Tax rates proposed in Union budget 2014]]></category>
		<category><![CDATA[Tax-related measures]]></category>
		<category><![CDATA[Textile sector]]></category>
		<category><![CDATA[Total government expenditure]]></category>
		<category><![CDATA[Tourism sector]]></category>
		<category><![CDATA[union budget 2014-15]]></category>
		<category><![CDATA[Vote on Account]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=68555</guid>
		<description><![CDATA[The change in direct taxes levied by the government will leave the corporate with more amount of money to spend on investing and kick starting growth. The only bad news is the increment in the effective dividend tax distribution which is a tax that companies pay on dividends. However their outgoing tax may increase only [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/increase-in-dividend-distribution-tax-68555/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Coimbatore builders want relief</title>
		<link>https://groups.commonfloor.com/news/coimbatore-builders-want-relief-2-58000</link>
		<comments>https://groups.commonfloor.com/news/coimbatore-builders-want-relief-2-58000#comments</comments>
		<pubDate>Mon, 24 Mar 2014 12:12:35 +0000</pubDate>
		<dc:creator>gaurav.gupta</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Apartment]]></category>
		<category><![CDATA[audit]]></category>
		<category><![CDATA[Builders in Coimbatore]]></category>
		<category><![CDATA[Builders' Association of India]]></category>
		<category><![CDATA[central excise]]></category>
		<category><![CDATA[Coimbatore]]></category>
		<category><![CDATA[Coimbatore Builders and Contractors Association]]></category>
		<category><![CDATA[Coimbatore builders want relief]]></category>
		<category><![CDATA[Confederation of Real Estate Developers' Associations of India]]></category>
		<category><![CDATA[Hotels]]></category>
		<category><![CDATA[property promoters in Coimbatore]]></category>
		<category><![CDATA[Real Estate Developers Associations of India]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Service Tax]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=58000</guid>
		<description><![CDATA[The Builders and property promoters in Coimbatore requested to the Commissioner of Central Excise, Customs and Service Tax to focus on the problem they faced in payment of Service Tax. The Representatives of the local Builders’ Association of India and Confederation of Real Estate Developers’ Associations of India and the Coimbatore Builders and Contractors Association [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/coimbatore-builders-want-relief-2-58000/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Only 2 out of 145 properties sold; CHB auction unsuccessful</title>
		<link>https://groups.commonfloor.com/news/only-2-out-of-145-properties-sold-chb-auction-unsuccessful-54177</link>
		<comments>https://groups.commonfloor.com/news/only-2-out-of-145-properties-sold-chb-auction-unsuccessful-54177#comments</comments>
		<pubDate>Fri, 07 Feb 2014 11:37:28 +0000</pubDate>
		<dc:creator>dinesh.k</dc:creator>
				<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Auction]]></category>
		<category><![CDATA[Central Excise and taxation department]]></category>
		<category><![CDATA[Chandigarh]]></category>
		<category><![CDATA[Leasehold]]></category>
		<category><![CDATA[Service Tax]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=54177</guid>
		<description><![CDATA[Chandigarh Housing Board held the auction of commercial properties which remained largely unsuccessful with only two properties fetching a little over the reserve prices. The CHB auction in 2009 had also met a similar fate. One of those properties was in Sector 38 (West) fetching Rs 61.13 lakh, just Rs 25,000 more than the reserve [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/only-2-out-of-145-properties-sold-chb-auction-unsuccessful-54177/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Conversion of plots not to attract service tax</title>
		<link>https://groups.commonfloor.com/news/conversion-of-plots-not-to-attract-service-tax-54174</link>
		<comments>https://groups.commonfloor.com/news/conversion-of-plots-not-to-attract-service-tax-54174#comments</comments>
		<pubDate>Fri, 07 Feb 2014 10:59:18 +0000</pubDate>
		<dc:creator>dinesh.k</dc:creator>
				<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Chandigarh]]></category>
		<category><![CDATA[Conversion of plots]]></category>
		<category><![CDATA[Customs and Central Excise Department]]></category>
		<category><![CDATA[relief to the plot holders]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[UT Estate Office.]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=54174</guid>
		<description><![CDATA[The Commissioner, Customs and Central Excise Department has ruled that the conversion of plots will not attract service tax. This has come as a relief to the plot holders in Industrial Area, Phase I, and Phase II in Chandigarh. The order applies to the conversion from industrial to commercial. UT Estate Office was issued a [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/conversion-of-plots-not-to-attract-service-tax-54174/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Service tax of Rs 3 crore recovered from builder</title>
		<link>https://groups.commonfloor.com/news/service-tax-of-rs-3-crore-recovered-from-builder-48641</link>
		<comments>https://groups.commonfloor.com/news/service-tax-of-rs-3-crore-recovered-from-builder-48641#comments</comments>
		<pubDate>Thu, 07 Mar 2013 09:31:27 +0000</pubDate>
		<dc:creator>Bhawna</dc:creator>
				<category><![CDATA[Cities]]></category>
		<category><![CDATA[Civic Issues]]></category>
		<category><![CDATA[Other cities]]></category>
		<category><![CDATA[builders in Jamshedpur]]></category>
		<category><![CDATA[Jamshedpur]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[service tax defaulter]]></category>
		<category><![CDATA[Techno Culture Building Center Private Limited]]></category>
		<category><![CDATA[townships in Jamshedpur]]></category>
		<category><![CDATA[Vastu Vihar in Jamshedpur]]></category>
		<category><![CDATA[Vastu Vihar Township]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=48641</guid>
		<description><![CDATA[Jamshedpur &#8211; An amount of Rs 3 crore has been recovered as service tax from a builder in Jamshedpur. The central excise officials recovered this amount from eight offices of the builder in Bihar and Jharkhand. The builder was evading the service tax amount from past two years. The officials of the director general central [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/service-tax-of-rs-3-crore-recovered-from-builder-48641/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Real estate firms under CEIB scanner</title>
		<link>https://groups.commonfloor.com/news/real-estate-firms-under-ceib-scanner-38873</link>
		<comments>https://groups.commonfloor.com/news/real-estate-firms-under-ceib-scanner-38873#comments</comments>
		<pubDate>Fri, 04 Jan 2013 08:49:28 +0000</pubDate>
		<dc:creator>Bhawna</dc:creator>
				<category><![CDATA[Cities]]></category>
		<category><![CDATA[Civic Issues]]></category>
		<category><![CDATA[Central Economic Intelligence Bureau]]></category>
		<category><![CDATA[real estate companies india]]></category>
		<category><![CDATA[Real estate firms]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[service tax evasion]]></category>
		<category><![CDATA[service tax payment india]]></category>
		<category><![CDATA[tax evasion]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/news/?p=38873</guid>
		<description><![CDATA[Currently financial intelligence agencies are scrutinizing service tax payment of several real estate companies across the whole country. The real estate firms are suppose to pay 12.5 per cent service tax but they doubt that many real estate companies are ignoring service tax. This search initiated on January 2, 2013. And thus it was found out that firms providing [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/real-estate-firms-under-ceib-scanner-38873/feed</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Nov 27 as deadline for service tax dues</title>
		<link>https://groups.commonfloor.com/news/nov-27-as-deadline-for-service-tax-dues-32871</link>
		<comments>https://groups.commonfloor.com/news/nov-27-as-deadline-for-service-tax-dues-32871#comments</comments>
		<pubDate>Tue, 20 Nov 2012 11:12:33 +0000</pubDate>
		<dc:creator>praveen.p</dc:creator>
				<category><![CDATA[Civic Issues]]></category>
		<category><![CDATA[Delhi-NCR]]></category>
		<category><![CDATA[Property Tax]]></category>
		<category><![CDATA[Deadline]]></category>
		<category><![CDATA[Delhi]]></category>
		<category><![CDATA[Educational institutions]]></category>
		<category><![CDATA[Immovable properties]]></category>
		<category><![CDATA[immovable property]]></category>
		<category><![CDATA[New Delhi]]></category>
		<category><![CDATA[rental income]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[service tax dues]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=32871</guid>
		<description><![CDATA[New Delhi- If you haven&#8217;t yet paid your service tax dues, hurry up as November 27 is the deadline with  over Rs.10-lakh rental income out of the immovable properties. Tax payers who fail to pay by the deadline will be charged a penalty. Tax implies to renting commercial properties with the rental amount exceeding the limit of Rs.10 lakh annually. [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/nov-27-as-deadline-for-service-tax-dues-32871/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>CREDAI called for reforms in realty sector</title>
		<link>https://groups.commonfloor.com/news/credai-called-for-reforms-in-realty-sector-25219</link>
		<comments>https://groups.commonfloor.com/news/credai-called-for-reforms-in-realty-sector-25219#comments</comments>
		<pubDate>Fri, 20 Jul 2012 03:51:20 +0000</pubDate>
		<dc:creator>Poornima</dc:creator>
				<category><![CDATA[Ahmedabad]]></category>
		<category><![CDATA[Bangalore]]></category>
		<category><![CDATA[Delhi-NCR]]></category>
		<category><![CDATA[Hyderabad]]></category>
		<category><![CDATA[Kolkata]]></category>
		<category><![CDATA[Mumbai]]></category>
		<category><![CDATA[Pune]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Affordable Housing]]></category>
		<category><![CDATA[banking]]></category>
		<category><![CDATA[CREDAI]]></category>
		<category><![CDATA[Demand slowdown]]></category>
		<category><![CDATA[Economically Weaker Section (EWS)]]></category>
		<category><![CDATA[exemption]]></category>
		<category><![CDATA[foreign direct investment]]></category>
		<category><![CDATA[FSI (floor space area)]]></category>
		<category><![CDATA[Home loans]]></category>
		<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[land administration]]></category>
		<category><![CDATA[lower income group (LIG)]]></category>
		<category><![CDATA[Realty sector]]></category>
		<category><![CDATA[reforms]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[SEZ]]></category>
		<category><![CDATA[single window clearance]]></category>
		<category><![CDATA[special residential zone]]></category>
		<category><![CDATA[taxation]]></category>
		<category><![CDATA[VAT]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=25219</guid>
		<description><![CDATA[The Confederation of Real Estate Developers Association (CREDAI), on Wednesday, called for comprehensive reforms in areas related to land administration, banking and taxation to lift the realty sector and support in meeting the shortage of 26 million houses. CREDAI unveiled 10-point agenda to revive the sector, which is facing demand slowdown due to high interest [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/credai-called-for-reforms-in-realty-sector-25219/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Foreign remittances do not come under service tax ambit: PM</title>
		<link>https://groups.commonfloor.com/news/foreign-remittances-do-not-come-under-service-tax-ambit-pm-24021</link>
		<comments>https://groups.commonfloor.com/news/foreign-remittances-do-not-come-under-service-tax-ambit-pm-24021#comments</comments>
		<pubDate>Wed, 04 Jul 2012 11:52:57 +0000</pubDate>
		<dc:creator>Poornima</dc:creator>
				<category><![CDATA[Bangalore]]></category>
		<category><![CDATA[Delhi-NCR]]></category>
		<category><![CDATA[Kochi]]></category>
		<category><![CDATA[Mumbai]]></category>
		<category><![CDATA[Centre]]></category>
		<category><![CDATA[Chief minister]]></category>
		<category><![CDATA[economy of the state]]></category>
		<category><![CDATA[Finance ministry]]></category>
		<category><![CDATA[foreign remittances]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Kerala]]></category>
		<category><![CDATA[levy of tax]]></category>
		<category><![CDATA[Manmohan Singh]]></category>
		<category><![CDATA[money transfers to India]]></category>
		<category><![CDATA[NRIs]]></category>
		<category><![CDATA[Prime Minister]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[status quo]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=24021</guid>
		<description><![CDATA[The money transfers to India by NRIs will not come under the realm of service tax as said by Prime Minister Manmohan Singh. Kerala chief minister, Oommen Chandy, said that the Prime Minister has dismissed all the reports related to levy of tax on the money of Indians working abroad. The Prime Minister asked for [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/foreign-remittances-do-not-come-under-service-tax-ambit-pm-24021/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Railways exempted from service tax until Septmeber</title>
		<link>https://groups.commonfloor.com/news/railways-exempted-from-service-tax-until-septmeber-23814</link>
		<comments>https://groups.commonfloor.com/news/railways-exempted-from-service-tax-until-septmeber-23814#comments</comments>
		<pubDate>Tue, 03 Jul 2012 04:31:21 +0000</pubDate>
		<dc:creator>Lekshmi</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Finance ministry]]></category>
		<category><![CDATA[freight charges]]></category>
		<category><![CDATA[Mamata Banerjee]]></category>
		<category><![CDATA[Manmohan Singh]]></category>
		<category><![CDATA[Mukul Roy]]></category>
		<category><![CDATA[passenger fares]]></category>
		<category><![CDATA[railway passengers]]></category>
		<category><![CDATA[Railways]]></category>
		<category><![CDATA[Service Tax]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=23814</guid>
		<description><![CDATA[The finance ministry has issued a notification exempting the Railways from 12 per cent service tax for three months till September 30, today. Thus, passenger fares and freight charges will not increase immediately. Railway Minister Mukul Roy had written to Prime Minister Manmohan Singh, requesting him not to introduce service tax on passenger fare and [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/railways-exempted-from-service-tax-until-septmeber-23814/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>BJP to levy commercial property taxes</title>
		<link>https://groups.commonfloor.com/news/bjp-to-levy-commercial-property-taxes-23711</link>
		<comments>https://groups.commonfloor.com/news/bjp-to-levy-commercial-property-taxes-23711#comments</comments>
		<pubDate>Mon, 02 Jul 2012 06:34:56 +0000</pubDate>
		<dc:creator>Lekshmi</dc:creator>
				<category><![CDATA[Delhi-NCR]]></category>
		<category><![CDATA[Property Tax]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[BJP government]]></category>
		<category><![CDATA[City discoms]]></category>
		<category><![CDATA[corporations]]></category>
		<category><![CDATA[Councillors]]></category>
		<category><![CDATA[discoms and power generation companies]]></category>
		<category><![CDATA[levy commercial property taxes]]></category>
		<category><![CDATA[North Delhi Municipal Corporation]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Street lighting]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=23711</guid>
		<description><![CDATA[The BJP government has decided to levy commercial property taxes on properties owned by discoms and power generation companies due to the steep hike in power tariff, especially in streetlights. According to officials, discoms are charging electricity at commercial rates for street lighting and operating pumps in corporation parks. As per the recent order, the [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/bjp-to-levy-commercial-property-taxes-23711/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Assam realty front suggests government to lessen tax burden on housing</title>
		<link>https://groups.commonfloor.com/news/assam-realty-front-suggests-government-to-lessen-tax-burden-on-housing-23065</link>
		<comments>https://groups.commonfloor.com/news/assam-realty-front-suggests-government-to-lessen-tax-burden-on-housing-23065#comments</comments>
		<pubDate>Thu, 21 Jun 2012 11:19:58 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Other cities]]></category>
		<category><![CDATA[Property Tax]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Residential Real Estate]]></category>
		<category><![CDATA[AREIDA]]></category>
		<category><![CDATA[AREIDA Assam]]></category>
		<category><![CDATA[Assam real estate]]></category>
		<category><![CDATA[Assam Real Estate and Infrastructure Developers' Association]]></category>
		<category><![CDATA[GMDA Guwahati]]></category>
		<category><![CDATA[Guwahati]]></category>
		<category><![CDATA[Guwahati Metropolitan Development Authority]]></category>
		<category><![CDATA[hike in property registration fee]]></category>
		<category><![CDATA[labour cess]]></category>
		<category><![CDATA[NOC fees]]></category>
		<category><![CDATA[Property registration fee]]></category>
		<category><![CDATA[property registration fee in Assam]]></category>
		<category><![CDATA[Registration]]></category>
		<category><![CDATA[Sale deed]]></category>
		<category><![CDATA[Sale deed in Assam]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Stamp duty]]></category>
		<category><![CDATA[tax on housing properties]]></category>
		<category><![CDATA[VAT]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=23065</guid>
		<description><![CDATA[To decrease the burden of tax on housing properties, Assam Real Estate and Infrastructure Developers&#8217; Association (AREIDA) has suggested the state government to combine the tax into a whole of 10 per cent which includes VAT, service tax, stamp duty, registration, labour cess and NOC fees. The state is already witnessing a hike in property [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/assam-realty-front-suggests-government-to-lessen-tax-burden-on-housing-23065/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Governmental valuation is 10-45 percent less than actual market price</title>
		<link>https://groups.commonfloor.com/news/governmental-valuation-is-10-45-percent-less-than-actual-market-price-18702</link>
		<comments>https://groups.commonfloor.com/news/governmental-valuation-is-10-45-percent-less-than-actual-market-price-18702#comments</comments>
		<pubDate>Mon, 23 Apr 2012 12:07:34 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Chennai]]></category>
		<category><![CDATA[Property Tax]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Residential Real Estate]]></category>
		<category><![CDATA[actual market price]]></category>
		<category><![CDATA[actual market price of apartments]]></category>
		<category><![CDATA[Apartment prices]]></category>
		<category><![CDATA[Chennai Government]]></category>
		<category><![CDATA[Cost of apartments]]></category>
		<category><![CDATA[cost of apartments in Chennai]]></category>
		<category><![CDATA[guideline value]]></category>
		<category><![CDATA[housing properties in Chennai]]></category>
		<category><![CDATA[properties in Chennai]]></category>
		<category><![CDATA[Real estate markets]]></category>
		<category><![CDATA[real estate markets in Chennai]]></category>
		<category><![CDATA[real estate markets in India]]></category>
		<category><![CDATA[residential properties in Chennai]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[value of property]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=18702</guid>
		<description><![CDATA[The guideline value of the properties in Chennai are 10 to 45 percent less than the actual market price. After five years the Chennai government has revised the Guidelines values last year. This value is used by the government to access the value of the property for collecting the service tax. Growing demand for housing [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/governmental-valuation-is-10-45-percent-less-than-actual-market-price-18702/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Cost of real estate properties will increase</title>
		<link>https://groups.commonfloor.com/news/cost-of-real-estate-properties-will-increase-17413</link>
		<comments>https://groups.commonfloor.com/news/cost-of-real-estate-properties-will-increase-17413#comments</comments>
		<pubDate>Mon, 09 Apr 2012 09:04:59 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Property Tax]]></category>
		<category><![CDATA[Real estate trends]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Residential Real Estate]]></category>
		<category><![CDATA[construction cost of real estate]]></category>
		<category><![CDATA[cost of construction material]]></category>
		<category><![CDATA[labour wages]]></category>
		<category><![CDATA[property cost]]></category>
		<category><![CDATA[property cost in India]]></category>
		<category><![CDATA[Real Estate Industry]]></category>
		<category><![CDATA[Real Estate market in india]]></category>
		<category><![CDATA[Real-estate market]]></category>
		<category><![CDATA[reduction in labour supply]]></category>
		<category><![CDATA[Residential projects]]></category>
		<category><![CDATA[Service Tax]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=17413</guid>
		<description><![CDATA[With the increase in input cost for the real estate industry, a rise in the property cost is expected in the real estate market in the country. With the hike in service tax, the cost of cement, steel and the labour wages have increased sharply in India. As a result of the rise, the scope [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/cost-of-real-estate-properties-will-increase-17413/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Impact of Budget 2012 on affordable housing</title>
		<link>https://groups.commonfloor.com/news/impact-of-budget-2012-on-affordable-housing-16321</link>
		<comments>https://groups.commonfloor.com/news/impact-of-budget-2012-on-affordable-housing-16321#comments</comments>
		<pubDate>Tue, 27 Mar 2012 04:47:50 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Affordable homes]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[Budget 2012]]></category>
		<category><![CDATA[Buying property]]></category>
		<category><![CDATA[CommonFloor]]></category>
		<category><![CDATA[commonfloor.com]]></category>
		<category><![CDATA[CREDAI]]></category>
		<category><![CDATA[ECB norms]]></category>
		<category><![CDATA[External commercial borrowing norms]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[TDS]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=16321</guid>
		<description><![CDATA[This year budget has brought great hopes for those builders who were indulged in developing affordable homes. As per the current external commercial borrowing (ECB) norms, interest rates will be charged less in case of loan taken from foreign financial institutions than domestic ones. Also loans have been made cheaper for affordable homes&#8217; buyer by [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/impact-of-budget-2012-on-affordable-housing-16321/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Post Budget scenario: Property price will increase</title>
		<link>https://groups.commonfloor.com/news/post-budget-scenario-property-price-will-increase-16270</link>
		<comments>https://groups.commonfloor.com/news/post-budget-scenario-property-price-will-increase-16270#comments</comments>
		<pubDate>Mon, 26 Mar 2012 11:18:07 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Affordable housing projects]]></category>
		<category><![CDATA[Budget 2012]]></category>
		<category><![CDATA[cost of construction]]></category>
		<category><![CDATA[disappointing budget]]></category>
		<category><![CDATA[external commercial borrowing]]></category>
		<category><![CDATA[home buyers]]></category>
		<category><![CDATA[Home loans]]></category>
		<category><![CDATA[Impact of Budget on Real Estate]]></category>
		<category><![CDATA[Investments in real estate]]></category>
		<category><![CDATA[Real estate and Budget]]></category>
		<category><![CDATA[Real estate in India]]></category>
		<category><![CDATA[Real estate projects]]></category>
		<category><![CDATA[Residential projects in India]]></category>
		<category><![CDATA[Service Tax]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=16270</guid>
		<description><![CDATA[According to the different Realtors, the union Budget 2012 came up as a disappointing budget for the middle range of home buyers. Due to the rise in service tax the cost of construction of real estate projects will increase by Rs 50 to 150 per square feet from the coming April, 2012. External commercial borrowing [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/post-budget-scenario-property-price-will-increase-16270/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>TDS will increase hassle for home buyers</title>
		<link>https://groups.commonfloor.com/news/tds-will-increase-hassle-for-home-buyers-15973</link>
		<comments>https://groups.commonfloor.com/news/tds-will-increase-hassle-for-home-buyers-15973#comments</comments>
		<pubDate>Tue, 20 Mar 2012 06:43:35 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Budget 2012]]></category>
		<category><![CDATA[Budget and real estate]]></category>
		<category><![CDATA[Real Estate market in india]]></category>
		<category><![CDATA[Registration of property]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Tax Deducted at Source (TDS)]]></category>
		<category><![CDATA[value added tax]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=15973</guid>
		<description><![CDATA[Finance minister has proposed for Tax Deducted at Source (TDS) to all who buys immovable property (other than farm) worth Rs 50 lakh or above in cities and Rs 20 lakh in other areas, must withhold tax of 1% of consideration. And the buyers should provide the proof of remitting the 1% tax in time [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/tds-will-increase-hassle-for-home-buyers-15973/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Service tax to be levied on construction of flats</title>
		<link>https://groups.commonfloor.com/news/service-tax-to-be-levied-on-construction-of-flats-13106</link>
		<comments>https://groups.commonfloor.com/news/service-tax-to-be-levied-on-construction-of-flats-13106#comments</comments>
		<pubDate>Sat, 21 Jan 2012 09:19:49 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Bombay High Court]]></category>
		<category><![CDATA[Calculation of service tax on purchase in Mumbai]]></category>
		<category><![CDATA[Maharashtra Chamber of Housing Industry]]></category>
		<category><![CDATA[MCHI]]></category>
		<category><![CDATA[MCHI Mumbai]]></category>
		<category><![CDATA[Properties in Mumbai]]></category>
		<category><![CDATA[Property]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Service tax in Mumbai]]></category>
		<category><![CDATA[Service tax on apartments]]></category>
		<category><![CDATA[Service tax on construction]]></category>
		<category><![CDATA[Service tax on construction of flats]]></category>
		<category><![CDATA[Service tax on property]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=13106</guid>
		<description><![CDATA[As per the recent Bombay High court&#8217;s order, service tax will be levied on construction of properties. Earlier, Maharashtra Chamber of Housing Industry (MCHI) challenged the order of paying extra service tax. The order also stated that only state government has the power to levy tax on flats, buildings and other plots. MCHI has already [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/service-tax-to-be-levied-on-construction-of-flats-13106/feed</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Mumbai builders held responsible for non-payment of property tax</title>
		<link>https://groups.commonfloor.com/news/mumbai-builders-held-responsible-for-non-payment-of-property-tax-9591</link>
		<comments>https://groups.commonfloor.com/news/mumbai-builders-held-responsible-for-non-payment-of-property-tax-9591#comments</comments>
		<pubDate>Thu, 17 Nov 2011 11:51:44 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[BHC]]></category>
		<category><![CDATA[Bombay High Court]]></category>
		<category><![CDATA[Builders]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Government building norms]]></category>
		<category><![CDATA[Land rates]]></category>
		<category><![CDATA[Maharashtra Chamber of Housing and Industry]]></category>
		<category><![CDATA[Mumbai]]></category>
		<category><![CDATA[Property buyer]]></category>
		<category><![CDATA[property tax]]></category>
		<category><![CDATA[Prospective buyers]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Service tax department]]></category>
		<category><![CDATA[Tax implementation]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=9591</guid>
		<description><![CDATA[The service tax department in Mumbai traced that builders in the city had collected nearly Rs.50 crores as service tax but never seemed to have paid the same to the government. In concern with this trace, recently the service tax department collected Rs.20 crore from several builders in the city. These builders also promised to pay [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/mumbai-builders-held-responsible-for-non-payment-of-property-tax-9591/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sale of Properties halted in Noida Ext after SC Order</title>
		<link>https://groups.commonfloor.com/news/sale-of-properties-halted-in-noida-ext-after-sc-order-5386</link>
		<comments>https://groups.commonfloor.com/news/sale-of-properties-halted-in-noida-ext-after-sc-order-5386#comments</comments>
		<pubDate>Thu, 14 Jul 2011 08:53:39 +0000</pubDate>
		<dc:creator>Poonam Das</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Amrapali Developers]]></category>
		<category><![CDATA[Confederation of Real Estate Developers' Association of India]]></category>
		<category><![CDATA[CREDAI]]></category>
		<category><![CDATA[Ghaziabad]]></category>
		<category><![CDATA[Greater Noida]]></category>
		<category><![CDATA[Housing units in Noida Extension]]></category>
		<category><![CDATA[land acquisition]]></category>
		<category><![CDATA[Legal opinion on returning the service tax]]></category>
		<category><![CDATA[Noida Extension]]></category>
		<category><![CDATA[Realty firm Amrapali]]></category>
		<category><![CDATA[Sale of Properties halted in Noida Ext]]></category>
		<category><![CDATA[Sale of Properties in Noida]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Smart City township]]></category>
		<category><![CDATA[Supertech]]></category>
		<category><![CDATA[Supreme Court order]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=5386</guid>
		<description><![CDATA[Builders are estimated to have launched a minimum 50,000 housing units in Noida Extension, which is part of Greater Noida, but buyers are keeping safe distance in the face of the Supreme Court judgement annulling 156 hectares of land acquired for building about 6,000 of these houses. Sale of housing units have virtually come to [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/sale-of-properties-halted-in-noida-ext-after-sc-order-5386/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Supreme Court continues stay on HC order on commercial rent service tax</title>
		<link>https://groups.commonfloor.com/news/supreme-court-continues-stay-on-hc-order-on-commercial-rent-service-tax-2829</link>
		<comments>https://groups.commonfloor.com/news/supreme-court-continues-stay-on-hc-order-on-commercial-rent-service-tax-2829#comments</comments>
		<pubDate>Fri, 11 Feb 2011 11:19:06 +0000</pubDate>
		<dc:creator>rakesh</dc:creator>
				<category><![CDATA[Community]]></category>
		<category><![CDATA[Court Orders]]></category>
		<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Commercial rent service tax]]></category>
		<category><![CDATA[Delhi high court]]></category>
		<category><![CDATA[Delhi NCR]]></category>
		<category><![CDATA[High Court]]></category>
		<category><![CDATA[recovering service tax on renting property]]></category>
		<category><![CDATA[Renting immovable property]]></category>
		<category><![CDATA[Renting of real estate]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Supreme Court]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=2829</guid>
		<description><![CDATA[The Supreme Court today maintained its stay on a Delhi High Court order that sought to restrain the Centre from recovering service tax on renting property for commercial use. A bench comprising Justices Mukundakam Sharma and A R Dave said that the apex court&#8217;s interim order of January 13 will continue till further orders. The [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/supreme-court-continues-stay-on-hc-order-on-commercial-rent-service-tax-2829/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Service tax on on-going works contracts</title>
		<link>https://groups.commonfloor.com/news/service-tax-on-on-going-works-contracts-1574</link>
		<comments>https://groups.commonfloor.com/news/service-tax-on-on-going-works-contracts-1574#comments</comments>
		<pubDate>Fri, 12 Nov 2010 09:23:38 +0000</pubDate>
		<dc:creator>rakesh</dc:creator>
				<category><![CDATA[Realty News]]></category>
		<category><![CDATA[on-going works contracts]]></category>
		<category><![CDATA[Real estate in India]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Service tax on on-going works contracts]]></category>
		<category><![CDATA[services provided prior to 1 June 2007]]></category>
		<category><![CDATA[works contracts]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=1574</guid>
		<description><![CDATA[The services such as construction, erection, commissioning or installation, repair services provided prior to 1 June 2007 made taxable with effect from 1 June 2007. In case a contract where the provision of service commenced prior to 01.06.2007 and any payment of service tax was made under the respective taxable service before 01.06.2007 – No [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/service-tax-on-on-going-works-contracts-1574/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Sales Tax Department To Take Action Against Builders</title>
		<link>https://groups.commonfloor.com/news/sales-tax-department-to-take-action-against-builders-1208</link>
		<comments>https://groups.commonfloor.com/news/sales-tax-department-to-take-action-against-builders-1208#comments</comments>
		<pubDate>Mon, 18 Oct 2010 05:45:53 +0000</pubDate>
		<dc:creator>rakesh</dc:creator>
				<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Action against Builder]]></category>
		<category><![CDATA[Action against builders for tax evasion]]></category>
		<category><![CDATA[MCHI Mumbai]]></category>
		<category><![CDATA[Mumbai]]></category>
		<category><![CDATA[Real estate in India]]></category>
		<category><![CDATA[Sales Tax]]></category>
		<category><![CDATA[sales tax department threatened to take action]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[tax evasion]]></category>
		<category><![CDATA[Tax on under-construction property]]></category>
		<category><![CDATA[Under-construction property]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=1208</guid>
		<description><![CDATA[The sales tax department has threatened to take action against many builders after having come across several cases of tax evasion. The Builders have already collected Tax on under-construction property from the property buyers. But only a few have deposited it. Construction projects in the city and the state are once again under the scanner. [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/sales-tax-department-to-take-action-against-builders-1208/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Service Tax Rolled Back To 25 Per Cent</title>
		<link>https://groups.commonfloor.com/news/service-tax-rolled-back-67</link>
		<comments>https://groups.commonfloor.com/news/service-tax-rolled-back-67#comments</comments>
		<pubDate>Thu, 10 Jun 2010 09:55:49 +0000</pubDate>
		<dc:creator>rakesh</dc:creator>
				<category><![CDATA[Realty News]]></category>
		<category><![CDATA[Abatement scheme]]></category>
		<category><![CDATA[Apartment]]></category>
		<category><![CDATA[Budget 2010-11]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[occupation certificate]]></category>
		<category><![CDATA[Property Buying]]></category>
		<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[Service Tax on Under construction property]]></category>
		<category><![CDATA[Service Tax rolled back]]></category>
		<category><![CDATA[Service Tax rolled back to 25 per cent]]></category>

		<guid isPermaLink="false">http://www.commonfloor.com/stories/?p=67</guid>
		<description><![CDATA[The budget 2010-11 had imposed 10 per cent service tax on under construction property. The property is considered “under construction” till the builder receives a “completion certificate”. According to Source, Service Tax is applicable only on property under construction or where a completed building has not received its occupation certificate. If the entire amount for [...]]]></description>
		<wfw:commentRss>https://groups.commonfloor.com/news/service-tax-rolled-back-67/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
	</channel>
</rss>
