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14 May, 2024

Supreme Court Takes Up Legal Challenge to GST Taxes on Joint Development Deals 14 May, 2024

The Supreme Court of India has admitted a petition challenging imposition of the GST on the transfer of development rights within joint development agreements between realty developers and landowners....

06 March, 2024

Real Estate Firms Seek Assistance From Finance Ministry Regarding GST Notifications 06 March, 2024

Real estate firms have reached out to the finance ministry for help following GST authorities sending notices to 27 major and medium-sized developers regarding intra-group royalty payments for using b...

08 August, 2022

Reason Why Home-Buyers More Interested in Buying a Flat in New Town 08 August, 2022

Kolkata’s real estate market is witnessing a speedy transformation. The city’s property market, coming out from the stagnation post demonetization and GST, has gained much momentum in rece...

30 July, 2022

Who has to pay 18% GST on residential rentals? 30 July, 2022

Union Finance Ministry Nirmala Sitharaman on July 13th, 2022 issued Review of central tax announcement wherein it brought residential rentals under GST ambit from July 18th 2022 onwards with immediate...

10 July, 2021

Beginning of Real Estate Boom in West Bengal 10 July, 2021

The relief was being granted for registration of deeds affecting sale/lease of land/house/flat. The first financial statement of state authorities in its third time period, also introduced a 10% deduc...

13 January, 2021

GST applies to one-time maintenance deposit flat customers pay developers: AAR 13 January, 2021

The AAR bench, though, brought the quantity will be concern to GST on the time of actual supply of service—when renovation services or maintenance of common place areas and centers are achieved,...

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