MODIFICATION IN TAXATION AND REGULATION OF THE UNREGULATED SECTOR
Downloads
Abstract
The paper provides an inter-disciplinary approach between taxation and real estate sector in the country and the impacts they have on one another. The objective of this paper is to study the fundamentals and basics of GST & RERA, to look into the present conditions of real estate in India. GST was implemented in 2017 with a view to enforce a single tax for the entire country. The concept was one nation, one market, one tax, in order to avoid tax duplication. RERA was enacted in the same year, that is, 2017, with the object to regulate the unregulated sector of real estate. The real estate sector is growing within the country and is also expected to grow further till 2020. Initially, there were many intricacies in the real estate sector due to the system of multiple taxation in the sector, and with implementation of GST, it is expected to bring in simplicity for the purpose of taxation. The government is of the view of providing houses to all by the year 2022. At present real estate sector, the second largest employment provider within the country and the introduction to various laws like RERA (Real Estate Regulation and Development Act), REIT (Real Estate Investment Trust), Benami Transactions (Prohibition) Amendment Act, etc. have led to formulation of strategies to govern real estate in the country. The paper would step by step cover the concepts of GST, development in real estate sector and introduction of Real Estate (Regulation and Development) Act, impact of GST and RERA on real estate sector in the country. The paper will also discuss the narrower concept of GST and RERA on how it impacts the buyers, investors, property prices, developers, and under construction property.
External References to this Article
Loading reference data...
License Terms
Ownership and Licensing:
Authors of research papers submitted to any journal published by The Law Brigade Publishers retain the copyright of their work while granting the journal specific rights. Authors maintain ownership of the copyright and grant the journal the right of first publication. Simultaneously, authors agree to license their research papers under the Creative Commons Attribution-ShareAlike 4.0 International (CC BY-SA 4.0) License.
License Permissions:
Under the CC BY-SA 4.0 License, others are permitted to share and adapt the work, even for commercial purposes, provided that appropriate attribution is given to the authors, and acknowledgment is made of the initial publication by The Law Brigade Publishers. This license encourages the broad dissemination and reuse of research papers while ensuring that the original work is properly credited.
Additional Distribution Arrangements:
Authors are free to enter into separate, non-exclusive contractual arrangements for distributing the published version of the work (e.g., posting it to institutional repositories or publishing it in books), provided that the original publication by The Law Brigade Publishers is acknowledged.
Online Posting:
Authors are encouraged to share their work online (e.g., in institutional repositories or on personal websites) both prior to submission and after publication. This practice can facilitate productive exchanges and increase the visibility and citation of the work.
Responsibility and Liability:
Authors are responsible for ensuring that their submitted research papers do not infringe on the copyright, privacy, or other rights of third parties. The Law Brigade Publishers disclaims any liability for any copyright infringement or violation of third-party rights within the submitted research papers.
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Copyright © 2026 by Dewansh Vashishth, Meghna Menda
The copyright and license terms mentioned on this page take precedence over any other license terms mentioned on the article full text PDF or any other material associated with the article.
