Real Estate
Understanding GST on Rent for Residential and Commercial Properties
Discover how GST applies to both residential and commercial property rentals, and how it impacts landlords and tenants in India. Learn about the rates and key considerations for property leases.
Real Estate
Landowners Challenge GST on Development Rights in Court
Landowners are pushing back against the imposition of GST on development rights, filing a significant case in the Bombay High Court. This legal challenge highlights the ongoing tension between real estate developers and landowners over taxation and property rights.
real estate news
New Builders Must Adhere to Old GST Rate for Ongoing Housing Projects in Maharashtra
The Maharashtra Appellate Authority for advance rulings (AAR) has ruled that new builders taking over ongoing housing projects must stick to the old Goods and Services Tax (GST) rate. This decision provides clarity and stability for homebuyers and developers.
Real Estate Maharashtra
Maharashtra AAR Rules: New Builder Must Stick to Old GST Rate for Ongoing Housing Projects
The Maharashtra Authority for Advance Rulings (AAR) has clarified that GST rates for ongoing real estate projects are tied to the project, not the promoter. This ruling prevents Godrej Residency and other developers from changing the GST rate when a new builder takes over an ongoing project.
real estate news
Understanding the ₹7500 GST Threshold for Housing Societies
Learn how the GST threshold of ₹7500 per month impacts housing societies and what it means for residents.
real estate news
18% GST on Apartment Maintenance Fees: What You Need to Know
If a housing society's annual turnover exceeds Rs 20 lakh and an individual flat owner pays over Rs 7500 per month as maintenance, then 18% GST will be applicable on the full amount. Here's a detailed breakdown of the new tax rules and how they will affect homeowners.