Try GOLD - Free
New builder must charge same GST as opted by former housing developer
The Morning Standard
|April 19, 2025
THE Maharashtra Authority for Advance Ruling (AAR) has said that when a new builder takes over an under-construction housing project, they must follow the same GST rate that the previous builder (old promoter) had chosen.
Hearing an application by Godrej Residency Private Limited (GRPL), the Maharashtra AAR has said Godrej Residency must continue levying goods and services tax (GST) at an effective rate of 12% on all sales — including new and existing buyers — in a residential project it acquired from Neelkamal Realtors Towers Pvt Ltd. The ruling clarifies that GST rates for real estate projects are tied to the project itself, not the promoter, preventing Godrej Residency from switching to a lower 5% rate for new customers.
This story is from the April 19, 2025 edition of The Morning Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Morning Standard
The Morning Standard
Bihar, SIR to dominate Dec 1-19 Winter Session
Opposition hits out at govt over short session of Parliament
1 mins
November 09, 2025
The Morning Standard
'ACHIEVED MY OBJECTIVE OF RE-INCLUSION IN LA28 ROSTER'
Boris van der Vorst has decided to not contest the elections this time. He feels he has done his job by getting boxing backintothe Olympic fold and that he has nothing to prove anymore. However, he feels that delivering at the LA Olympics will be crucial
5 mins
November 09, 2025
The Morning Standard
De Ligt salvages point for United against Spurs
MATTHIJS de Ligt salvaged a 2-2 draw for Manchester United at Tottenham in a frantic finale as both sides missed the chance to go second in the Premier League on Saturday.
1 min
November 09, 2025
The Morning Standard
Typhoon Kalmaegi kills 5 in Vietnam after devastating Philippines
DAK LAK TYPHOON Kalmaegi brought fierce winds and torrential rains to Vietnam on Friday, killing at least five people, flattening homes, blowing off roofs and uprooting trees.
1 min
November 09, 2025
The Morning Standard
Russian strikes kill 4, hit homes and power sites
Kyiv says Moscow aims to 'weaponise winter' as fresh barrage targets cities, energy sites
1 mins
November 09, 2025
The Morning Standard
Shooter Elavenil guns down Worlds bronze
ELAVENIL Valarivan continues to set the bar high. Whatever she has touched this season has turned into something productive. She returned to competitive action with a bang, pocketing a bronze medal at the famed Munich World Cup before going on to rewrite the Asian record during the Asian Championships in Shymkent in August.
1 mins
November 09, 2025
The Morning Standard
‘Bihar kids need to dream of startups, not hands up’
AHEAD of the second phase of the Bihar assembly polls, Prime Minister Narendra Modi said on Saturday that the people of Bihar “do not want a katta sarkaar”.
2 mins
November 09, 2025
The Morning Standard
SINGAPORE: CITY-STATE RANKS 2ND FOR CARD THEFT
Singapore ranks second globally for stolen payment cards, behind the United States and ahead of Spain, The Straits Times reported, quoting a recent analysis.
1 min
November 09, 2025
The Morning Standard
Kaynes Tech may shift production to US, Canada to avoid high tariff
As exports of finished goods attract levies, it is planning final assembly in North America
2 mins
November 09, 2025
The Morning Standard
FROM RISKY FLICKS TO POLITICAL TWIST
HE is complicated. A man who soared high from scratch acquiring in the process legions of fans but then, like a tragic Greek hero, crashed only to be derided by the same people who had once feted him.
3 mins
November 09, 2025
Listen
Translate
Change font size