Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
New builder must charge same GST as opted by former housing developer
The New Indian Express Coimbatore
|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 New Indian Express Coimbatore.
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 New Indian Express Coimbatore
The New Indian Express Coimbatore
NUAPADA MANDATE MARKS A POWER SHIFT FOR MAJHI
WHILE the NDA secured a historic mandate in Bihar, the BJP notched up an emphatic victory in the Nuapada bypoll in Odisha.
1 mins
November 20, 2025
The New Indian Express Coimbatore
Once Naxal hotspot, Bastar now buzzing with sports
SURRENDERED MAOISTS TAKING PART
1 min
November 20, 2025
The New Indian Express Coimbatore
Brave cop killed in C’garh Maoist encounter
Struck by Naxals’ bullets, he fought till the end
2 mins
November 20, 2025
The New Indian Express Coimbatore
Trump berates journalist over Saudi, Epstein questions; calls her ‘terrible’
DONALD Trump denounced ABC News’ Mary Bruce as a “terrible reporter” on Tuesday and threatened the network’s license to broadcast after she asked him three sharp questions at the White House.
1 min
November 20, 2025
The New Indian Express Coimbatore
India, Germany system to avoid copter crash
SOON India and Germany will manufacture Obstacle Avoidance Systems (OAS) in India, which will arm the military helicopters to avoid accidents like the one in which General Bipin Rawat, India’s first Chief of Defence Staff, lost his life.
2 mins
November 20, 2025
The New Indian Express Coimbatore
Bumper harvest on cards, food dept to store paddy in unused govt buildings
WITH the agriculture department predicting an increase in paddy cultivation in both delta and non-delta regions, the food department has decided to convert unused government buildings across the state into temporary storage centres.
1 min
November 20, 2025
The New Indian Express Coimbatore
Tiger returns after decades, marks 9-month stay in Gujarat sanctuary
AFTER several decades, Gujarat saw its first tiger that stayed in the wilderness, when a big cat not only returned but claimed Ratanmahal Wildlife Sanctuary in Dahod as its permanent home.
1 mins
November 20, 2025
The New Indian Express Coimbatore
DMK allies to stage protest against union govt’s ‘discriminatory’ move
LEADERS of DMK’s alliance partners on Wednesday condemned the union government for rejecting metro rail proposals for Coimbatore and Madurai, calling the move discriminatory and detrimental to Tamil Nadu’s development.
1 min
November 20, 2025
The New Indian Express Coimbatore
Israeli attack kills 1, injures students; hits Hezbollah site
THE Israeli military carried out airstrikes in southern Lebanon on Wednesday on what it said was Hezbollah infrastructure after a drone strike earlier in the day killed one person and wounded several others, including students on a bus.
1 min
November 20, 2025
The New Indian Express Coimbatore
1 more BLO dies, Didi says EC must stop SIR
ONE more booth-level officer (BLO) died on Wednesday in West Bengal allegedly due to work pressure in connection with the ongoing special intensive revision (SIR) of electoral rolls in the state.
1 min
November 20, 2025
Listen
Translate
Change font size