AMITY LAW SCHOOL, NOIDA

WEEKLY PROGRESS REPORT (WPR)

FOR WEEK –

FOR THE WEEK COMMENCING ON-

ENROLLMENT NO. – A
PROGRAM – BA.LLB (HONS)
BATCH – {2019-2024}
STUDENT NAME –
FACULTY GUIDE –
PROJECT TITLE – Dissertation
TARGET SET FOR THE WEEK –
As mentioned last Week, I drafted Introduction and 2 Subheads of My chapter 4
PROGRESS ACHEIVEMENT FOR THE WEEK –
As set in my target of the week, I completed my target and chapter 4 Introduction and 2 Sub
heads are completed
FUTURE WORK PLANS –
My future plan is to complete Chapter 4

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 CHAPTER 3

Based on the analysis of the impact of GST on the real estate sector in India and the identified

issues and challenges, the following recommendations can be made to address the concerns

and ensure the growth and development of the sector:

1.Simplification of GST Structure: The government should consider simplifying the GST

structure for the real estate sector to reduce compliance burden and enhance ease of

doing business. This could involve rationalizing tax rates, reducing the number of tax

slabs, and streamlining the input tax credit mechanism.

2.Clarity on Input Tax Credit: There is a need for clarity on the availability and utilization

of input tax credit in the real estate sector. The government should provide clear

guidelines and rules regarding input tax credit eligibility, especially for under-

construction properties.

3.Sector-Specific Policies: The government should formulate sector-specific policies and

incentives to boost investment in the real estate sector. This could include tax

incentives for affordable housing projects, infrastructure development, and real estate

investment trusts (REITs).

4.Addressing Compliance Challenges: Efforts should be made to address the compliance

challenges faced by real estate developers and stakeholders. This could involve

simplifying GST return filing procedures, providing assistance and training to small

and medium-sized enterprises (SMEs), and leveraging technology for easier

compliance.

5.Streamlining Approval Processes: Delays in obtaining approvals and clearances from

various authorities contribute to project delays and cost overruns in the real estate

sector. The government should streamline approval processes and expedite the

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 implementation of single-window clearance mechanisms to facilitate timely project

completion.

6.Promoting Transparency and Accountability: There is a need for greater transparency

and accountability in the real estate sector to build investor confidence and attract

more foreign and domestic investment. The government should implement measures

to curb black money transactions, promote fair practices, and strengthen regulatory

oversight.

7.Stakeholder Consultation: It is important for the government to engage with all

stakeholders, including real estate developers, homebuyers, industry associations, and

regulatory bodies, to understand their concerns and perspectives. Consultative

approaches can help in formulating effective policies and addressing sector-specific

challenges.