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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.

Real Estate

Understanding RCM on Rent for Commercial Property: A Comprehensive Guide

This article delves into the Reverse Charge Mechanism (RCM) on rent for commercial properties, providing clarity on its applicability and implications.

Real Estate

Pune Municipal Corporation Seals Sinhagad Institute Over Rs 266 Crore Property Tax Arrears

The Pune Municipal Corporation (PMC) has taken a strong stance against tax evasion by sealing the Sinhagad Institute, a prominent educational institution in Pune. The institute owes a significant amount of Rs 266 crore in property tax arrears. This move u

Real Estate Mumbai

BMC Seizes Properties Worth Rs 21.63 Crore from Two Developers for Unpaid Property Tax

The Brihanmumbai Municipal Corporation (BMC) has taken a significant step by seizing properties worth Rs 21.63 crore from two developers in Mumbai due to unpaid property tax dues.

Real Estate Maharashtra

LIC Receives Rs 479.88 Crore GST Demand Notice from Maharashtra

Life Insurance Corporation of India (LIC) has been issued a significant GST demand notice by the Maharashtra State Tax Department, citing a shortfall of Rs 479.88 crore for the financial year 2020-21.