New GST notices on leasehold land transfers have raised concerns in the real estate sector.
GstLeasehold LandReal EstateMaharashtra GovernmentBombay High CourtReal Estate MaharashtraSep 06, 2024
The new GST notices are related to the transfer of leasehold land.
The new GST notices could increase the cost of projects and make it difficult for developers to complete their projects.
The Maharashtra government has filed a petition in the Bombay High Court, challenging the GST notices.
The outcome of the court case is still pending.
Developers are advised to take a cautious approach and seek professional advice before transferring leasehold land.
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