GET https://rct.dev.bbntimes.com/financial/5-gst-without-itc-impact-on-buyers-builders-and-exchequer

ArticleController :: show

Request

GET Parameters

None

POST Parameters

None

Uploaded Files

None

Request Attributes

Key Value
_controller
"App\Controller\ArticleController::show"
_firewall_context
"security.firewall.map.context.main"
_links
Symfony\Component\WebLink\GenericLinkProvider {#3564
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      -attributes: [
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    3683 => Symfony\Component\WebLink\Link {#3683
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      -attributes: [
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    3682 => Symfony\Component\WebLink\Link {#3682
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      -rel: [
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      -attributes: [
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    3681 => Symfony\Component\WebLink\Link {#3681
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      -attributes: [
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    3679 => Symfony\Component\WebLink\Link {#3679
      -href: "/build/term-condition.js"
      -rel: [
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      ]
      -attributes: [
        "as" => "script"
      ]
    }
    3678 => Symfony\Component\WebLink\Link {#3678
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      -rel: [
        "preload" => "preload"
      ]
      -attributes: [
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      ]
    }
    3677 => Symfony\Component\WebLink\Link {#3677
      -href: "/build/scroll-infinite-article.js"
      -rel: [
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      ]
      -attributes: [
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      ]
    }
    3676 => Symfony\Component\WebLink\Link {#3676
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      -rel: [
        "preload" => "preload"
      ]
      -attributes: [
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      ]
    }
    3675 => Symfony\Component\WebLink\Link {#3675
      -href: "/build/cookie-style.css"
      -rel: [
        "preload" => "preload"
      ]
      -attributes: [
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      ]
    }
    3674 => Symfony\Component\WebLink\Link {#3674
      -href: "/build/term-condition-css.css"
      -rel: [
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      ]
      -attributes: [
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      ]
    }
    3673 => Symfony\Component\WebLink\Link {#3673
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      -rel: [
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      -attributes: [
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    }
    3672 => Symfony\Component\WebLink\Link {#3672
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      -rel: [
        "preload" => "preload"
      ]
      -attributes: [
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}
_route
"article_show"
_route_params
[
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]
_security_firewall_run
"_security_main"
_stopwatch_token
"ed0f73"
category
"financial"
slug
"5-gst-without-itc-impact-on-buyers-builders-and-exchequer"

Request Headers

Header Value
accept
"*/*"
accept-encoding
"gzip, br, zstd, deflate"
connection
"close"
cookie
"PHPSESSID=bc07ai22pke9ppg7t80irqmi8m"
host
"rct.dev.bbntimes.com"
user-agent
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
x-php-ob-level
"1"

Request Content

Request content not available (it was retrieved as a resource).

Response

Response Headers

Header Value
cache-control
"no-cache, private"
content-type
"text/html; charset=UTF-8"
date
"Wed, 16 Apr 2025 07:15:13 GMT"
link
"</build/runtime.js>; rel="preload"; as="script",</build/644.js>; rel="preload"; as="script",</build/502.js>; rel="preload"; as="script",</build/app.js>; rel="preload"; as="script",</build/view-more.js>; rel="preload"; as="script",</build/term-condition.js>; rel="preload"; as="script",</build/contact.js>; rel="preload"; as="script",</build/scroll-infinite-article.js>; rel="preload"; as="script",</build/app.css>; rel="preload"; as="style",</build/cookie-style.css>; rel="preload"; as="style",</build/term-condition-css.css>; rel="preload"; as="style",</build/contact-css.css>; rel="preload"; as="style",</build/comment-css.css>; rel="preload"; as="style""
x-debug-token
"514de2"

Cookies

Request Cookies

Key Value
PHPSESSID
"bc07ai22pke9ppg7t80irqmi8m"

Response Cookies

No response cookies

Session 6

Session Metadata

Key Value
Created
"Wed, 16 Apr 25 07:15:00 +0000"
Last used
"Wed, 16 Apr 25 07:15:11 +0000"
Lifetime
0

Session Attributes

Attribute Value
_csrf/https-comment
"LZSMAOj_lB8SME9wmoHFqhYuXB03bNiaM1IKvQCMdzA"
_csrf/https-cookie_accept
"dyG5MtDbqbDJZX7FtVCT9_iojCJYLK9x1oaP5TggMsc"

Session Usage

6 Usages
Stateless check enabled
Usage
Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:76
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:79
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Symfony\Component\Security\Csrf\TokenStorage\SessionTokenStorage:52
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    "function" => "run"
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]
Symfony\Component\Security\Core\Authentication\Token\Storage\UsageTrackingTokenStorage:41
[
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    "line" => 41
    "function" => "getMetadataBag"
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    "function" => "getToken"
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    "function" => "render"
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]
Symfony\Component\Security\Http\Firewall\ContextListener:171
[
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    "line" => 171
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  ]
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    "function" => "onKernelResponse"
    "class" => "Symfony\Component\Security\Http\Firewall\ContextListener"
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    "line" => 220
    "function" => "__invoke"
    "class" => "Symfony\Component\EventDispatcher\Debug\WrappedListener"
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]

Flashes

Flashes

No flash messages were created.

Server Parameters

Server Parameters

Defined in .env

Key Value
APP_ENV
"dev"
APP_SECRET
"0a988e63f011514eaabfc650b599af4d"
CORS_ALLOW_ORIGIN
"*"
DATABASE_URL
"mysql://bbndb_rctuser:33F5W25z40or0f7@localhost:3306/rct_bbntimes"
GOOGLE_RECAPTCHA_SECRET_KEY
"6LdV5fgpAAAAANxzTG8ZMfIjil1wu-1vrQvnUt-x"
GOOGLE_RECAPTCHA_SITE_KEY
"6LdV5fgpAAAAAENKcn73MJAhQrbtQeqgyC4wDLMP"
MAILER_DSN
"smtp://no-reply%40rct.dev.bbntimes.com:Bl6%26gLD48%26Of919@rct.dev.bbntimes.com:465"
MARIADB_PASSWORD
"i!87pK&!85ezc8"

Defined as regular env variables

Key Value
APP_DEBUG
"1"
BASE
"/public"
CONTEXT_DOCUMENT_ROOT
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
CONTEXT_PREFIX
""
DOCUMENT_ROOT
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com"
FCGI_ROLE
"RESPONDER"
GATEWAY_INTERFACE
"CGI/1.1"
HTTPS
"on"
HTTP_ACCEPT
"*/*"
HTTP_ACCEPT_ENCODING
"gzip, br, zstd, deflate"
HTTP_CONNECTION
"close"
HTTP_COOKIE
"PHPSESSID=bc07ai22pke9ppg7t80irqmi8m"
HTTP_HOST
"rct.dev.bbntimes.com"
HTTP_USER_AGENT
"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)"
PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY
"0"
PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY
"0"
PATH
"/usr/local/sbin:/usr/local/bin:/usr/sbin:/usr/bin:/sbin:/bin:/snap/bin"
PHP_SELF
"/public/index.php"
PP_CUSTOM_PHP_CGI_INDEX
"plesk-php81-fastcgi"
PP_CUSTOM_PHP_INI
"/var/www/vhosts/system/rct.dev.bbntimes.com/etc/php.ini"
QUERY_STRING
""
REDIRECT_BASE
"/public"
REDIRECT_HTTPS
"on"
REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_REDIRECT_HTTPS
"on"
REDIRECT_REDIRECT_PASSENGER_COMPILE_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_REDIRECT_PASSENGER_DOWNLOAD_NATIVE_SUPPORT_BINARY
"0"
REDIRECT_REDIRECT_SCRIPT_URI
"https://rct.dev.bbntimes.com/financial/5-gst-without-itc-impact-on-buyers-builders-and-exchequer"
REDIRECT_REDIRECT_SCRIPT_URL
"/financial/5-gst-without-itc-impact-on-buyers-builders-and-exchequer"
REDIRECT_REDIRECT_SSL_TLS_SNI
"rct.dev.bbntimes.com"
REDIRECT_REDIRECT_STATUS
"200"
REDIRECT_REDIRECT_UNIQUE_ID
"Z_9ZAGoKrZxLoz1OR4R1tAAAAIw"
REDIRECT_SCRIPT_URI
"https://rct.dev.bbntimes.com/financial/5-gst-without-itc-impact-on-buyers-builders-and-exchequer"
REDIRECT_SCRIPT_URL
"/financial/5-gst-without-itc-impact-on-buyers-builders-and-exchequer"
REDIRECT_SSL_TLS_SNI
"rct.dev.bbntimes.com"
REDIRECT_STATUS
"200"
REDIRECT_UNIQUE_ID
"Z_9ZAGoKrZxLoz1OR4R1tAAAAIw"
REDIRECT_URL
"/public/financial/5-gst-without-itc-impact-on-buyers-builders-and-exchequer"
REMOTE_ADDR
"3.17.12.229"
REMOTE_PORT
"36567"
REQUEST_METHOD
"GET"
REQUEST_SCHEME
"https"
REQUEST_TIME
1744787712
REQUEST_TIME_FLOAT
1744787712.7125
REQUEST_URI
"/financial/5-gst-without-itc-impact-on-buyers-builders-and-exchequer"
SCRIPT_FILENAME
"/var/www/vhosts/dev.bbntimes.com/rct.dev.bbntimes.com/public/index.php"
SCRIPT_NAME
"/public/index.php"
SCRIPT_URI
"https://rct.dev.bbntimes.com/financial/5-gst-without-itc-impact-on-buyers-builders-and-exchequer"
SCRIPT_URL
"/financial/5-gst-without-itc-impact-on-buyers-builders-and-exchequer"
SERVER_ADDR
"5.196.1.209"
SERVER_ADMIN
"[no address given]"
SERVER_NAME
"rct.dev.bbntimes.com"
SERVER_PORT
"443"
SERVER_PROTOCOL
"HTTP/1.1"
SERVER_SIGNATURE
"<address>Apache Server at rct.dev.bbntimes.com Port 443</address>\n"
SERVER_SOFTWARE
"Apache"
SSL_TLS_SNI
"rct.dev.bbntimes.com"
SYMFONY_DOTENV_VARS
"APP_ENV,APP_SECRET,DATABASE_URL,MARIADB_PASSWORD,CORS_ALLOW_ORIGIN,MAILER_DSN,GOOGLE_RECAPTCHA_SECRET_KEY,GOOGLE_RECAPTCHA_SITE_KEY"
UNIQUE_ID
"Z_9ZAGoKrZxLoz1OR4R1tAAAAIw"

Sub Requests 6

CookieController :: renderAnalysis (token = 22d785)

Key Value
_controller
"App\Controller\CookieController::renderAnalysis"
_format
"html"
_locale
"en"
_stopwatch_token
"56e35f"

AppController :: renderHeader (token = b0fc6f)

Key Value
_controller
"App\Controller\AppController::renderHeader"
_format
"html"
_locale
"en"
_stopwatch_token
"1bd82c"
slug
"home"

ArticleController :: trendingArticle (token = 0f05a9)

Key Value
_controller
"App\Controller\ArticleController::trendingArticle"
_format
"html"
_locale
"en"
_stopwatch_token
"15ecdc"
category
"Finance"

ArticleController :: relatedArticles (token = ec0943)

Key Value
_controller
"App\Controller\ArticleController::relatedArticles"
_format
"html"
_locale
"en"
_stopwatch_token
"324f35"
current_article
App\Entity\Article {#1094
  -id: 3593
  -title: "5% GST without ITC - Impact on Buyers, Builders and Exchequer"
  -slug: "5-gst-without-itc-impact-on-buyers-builders-and-exchequer"
  -introtext: "<p class="p1"><span class="s1" style="color: #000000;">The keenly-awaited meeting of the Goods and Services Tax (GST) Council, which was supposed to deliver a final decision on the differential tax rates on real estate yesterday, hopes to reach a consensus on the 24th. This is a critical matter and the outcome will have a notable impact on real estate market sentiment.</span></p>\r\n"
  -content: """
    \r\n
    <p class="p1"><span class="s1" style="color: #000000;">The levying of 5% GST (without the benefit of input tax credit or ITC) can help boost homebuyers' favourable disposition towards making a purchase decision. While it may not trigger the kind of massive housing sales which the industry sorely needs, it can make a difference.</span></p>\r\n
    <p class="p1"><span class="s1">The crux of the matter is the relative merits and demerits of two propositions – a flat 5% GST without ITC or a higher GST with ITC. If the Government decides on 5% GST without ITC, here are the impacts on different industry stakeholders:</span></p>\r\n
    <h2 class="p2"><span class="s1"><b>Impact on Homebuyers</b></span></h2>\r\n
    <p class="p1"><span class="s1">Lowering the GST rate can definitely provide a short-term boost for fence-sitting homebuyers to make purchase decisions. Even a marginal reduction in the overall cost of property purchase is a respite. For buyers, it is preferable if the council decides on a flat 5% GST rate without ITC for premium properties and 3% for affordable units. This would remove the ambiguity around the input tax credit.</span></p>\r\n
    <p class="p1"><span class="s1">Currently, despite a provision in place for receiving ITC, buyers are unsure about how and when they will receive this benefit. For instance, the ITC calculated on a property worth Rs. 5,000 and 1,000 sq. ft. in size is Rs. 1,80,000.</span></p>\r\n
    <p class="p1"><span class="s1">However, this is a notional benefit at best and depends entirely on if and when the builder passes it on to them. It is a fairly big amount for the largest segment of potential homebuyers and ignorance about the exact transmission mechanism and timeline is not helpful. Therefore, a flat 5% GST without ITC is the best option for buyers.</span></p>\r\n
    <h2 class="p2"><span class="s1"><b>Impact on Developers</b></span></h2>\r\n
    <p class="p1"><span class="s1">Even a small increase in sales on the back of reduced GST will give some relief to developers' funding issues by catalysing sales to some degree. To that extent, developers will see some improvement in their balance sheets.</span></p>\r\n
    <p class="p1"><span class="s1">However, for builders to reap the maximum benefit when GST is reduced to 5% without input cost, the prevailing GST on input costs like cement and steel must also be reduced significantly. Currently, GST for cement is 28% - the highest among all materials. Given that cement is a major raw material in construction, a reduction in its applicable GST rate will a bigger benefit to buyers.</span></p>\r\n
    <p class="p1"><span class="s1">Without lowering the GST on major raw materials, builders may either resort to illegal ways of purchasing materials or, if they do opt for the legal route, pass the higher cost on to the consumers.</span></p>\r\n
    <h2 class="p2"><span class="s1"><b>Impact on Government Exchequer</b></span></h2>\r\n
    <p class="p1"><span class="s1">For the exchequer, a rise in housing sales obviously equals extra funds into the Government coffers. The current 12% GST is prompting buyers to opt for ready-to-move-in properties which are exempt from this high tax. A move to slash GST rates to 5% will help attract more buyers to under-construction properties, on which stamp duty and registration can be charged.</span></p>
    """
  -user: Proxies\__CG__\App\Entity\User {#1092 …}
  -createdAt: DateTime @1550746830 {#1145
    date: 2019-02-21 11:00:30.0 UTC (+00:00)
  }
  -updatedAt: DateTime @1552920235 {#1150
    date: 2019-03-18 14:43:55.0 UTC (+00:00)
  }
  -deletedAt: null
  -category: App\Entity\Category {#445 …}
  -status: "published"
  -imageCard: Proxies\__CG__\App\Entity\File {#1184 …}
  -ImageHeader: Proxies\__CG__\App\Entity\File {#1184 …}
  -featured: false
  -mainView: false
  -clicks: 3314
  -comments: Doctrine\ORM\PersistentCollection {#1125 …}
  -reviewed_at: DateTime @1550746824 {#1148
    date: 2019-02-21 11:00:24.0 UTC (+00:00)
  }
  -metakey: ""
  -metadesc: "The keenly-awaited meeting of the Goods and Services Tax (GST) Council, which was supposed to deliver a final decision on the differential tax rates on real estate yesterday, hopes to reach a consensus on the 24th. This is a critical matter and the outcome will have a notable impact on real estate market sentiment."
  -robots: null
  -publishedAt: DateTime @1550746824 {#1147
    date: 2019-02-21 11:00:24.0 UTC (+00:00)
  }
  -canonical: null
  -superTag: null
}

AppController :: renderFooter (token = 868adc)

Key Value
_controller
"App\Controller\AppController::renderFooter"
_format
"html"
_locale
"en"
_stopwatch_token
"1eafe2"

CookieController :: renderCookie (token = caf1bd)

Key Value
_controller
"App\Controller\CookieController::renderCookie"
_format
"html"
_locale
"en"
_stopwatch_token
"0662ed"