Tag: #GST Council

Experts say the government should refund GST if an incomplete house purchase is cancelled.

December 20, 2022

Experts say the government should refund GST if an incomplete house purchase is canceled. Homebuyers who cancel their purchase of an under-construction home after paying the purchase cost and GST will receive a refund from the government, according to experts. In the 48th GST Council meeting, the finance ministry stated that there is no procedure […]

Experts say the government should refund GST if an incomplete house purchase is cancelled.more
GST

18% GST is applicable for flat owners whose maintenance charges exceed Rs 7,500 per month.

July 29, 2019

By Abhay Shah, Realty Quarter The Ministry of Finance on Monday has announced that the owners of the apartment will pay 18% GST if the maintenance costs paid to the resident welfare association (RWA) exceed Rs 7,500 a month. “A waiver was accessible until 25 January 2018 when contribution charges or share were not higher than Rs […]

18% GST is applicable for flat owners whose maintenance charges exceed Rs 7,500 per month.more
Finance Ministry

Finance Ministry will exempt rental profits earned by Builders in past 10 years.

May 30, 2019

By Abhay Harish Shah, Realty Quarter In the past few years, real estate developers have faced many challenges because of the frozen market. For the same, in a recent meeting with senior finance ministry officials, the real estate developers were asked to recommend some steps to address such challenges. According to the sources, they were […]

Finance Ministry will exempt rental profits earned by Builders in past 10 years.more