Of the many taxes that home buyers have to pay to the government is the Goods and Services Tax (GST). In the last few years, there have been changes made to the GST regime … READ FULL STORY
June 2, 2023: The government should remove GST applicability on flats given free to existing occupants in redevelopment projects, realtors’ body Credai (Confederation of Real Estate Developers’ Association of India) has said. This would … READ FULL STORY
May 20, 2023: The West Bengal Bench of the Appellate Authority of Advance Rulings (AAAR), upholding an earlier ruling, has stated that the sale or right to use a car park is not naturally … READ FULL STORY
Developers receiving a one-time premium on allotment of commercial units of building will have to pay goods and services tax (GST) at 18%, the Gujarat Authority for Advance Ruling has said. Such a supply … READ FULL STORY
Homebuyers may soon be able to claim GST refund directly from the government on cancellation of under-construction properties rather than going to the developer concerned. If recommendations made by the GST council in its … READ FULL STORY
The order by the Karnataka AAR follows a circular issued by the Central Board of Indirect Taxes and Customs (CBIC) on August 3, 2022, which said plot sale does not attract GST even if … READ FULL STORY
Ina recent order that would have significant financial implications on sale of land, the Madhya Pradesh Appellate Authority of Advance Ruling (AAAR) has said land sold after doing development activity will attract 18% Goods … READ FULL STORY
