Try GOLD - Free
New builder must charge same GST as opted by former housing developer
The New Indian Express Dharmapuri
|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 Dharmapuri.
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 Dharmapuri
The New Indian Express Dharmapuri
Overburdened BLOs have to resolve complaints, queries
WITH booth level officers being the face of SIR to electors, they are at the receiving end of all complaints and queries from voters, besides being overburdened by the sheer magnitude of the exercise.
1 min
November 17, 2025
The New Indian Express Dharmapuri
‘Indians have to risk losing to be successful’
DURING his heydays in the 1980s, USA’s Freddie Spencer was at the pinnacle of Grand Prix motorcycle racing.
1 min
November 17, 2025
The New Indian Express Dharmapuri
'The answer is us': Indigenous groups protest
HERE in Brazil, marchers revelled in their right to be heard, their voices rising in a city chosen precisely to focus the world's attention on the Amazon and its defenders.
2 mins
November 17, 2025
The New Indian Express Dharmapuri
DMK cadre and supporters alone are getting SIR enumeration forms: TVK
TVK general secretary N Anand and the party’s general secretary (election campaign management) Aadhav Arjuna on Sunday targeted the DMK heavily in the demonstration organised by the party in Chennai, as part of its statewide protest against the ongoing Special Intensive Revision (SIR) of electoral rolls.
1 mins
November 17, 2025
The New Indian Express Dharmapuri
BHU researchers revive timeless rice variety 'Adam Chini' with innovation
FARMERS in the eastern districts of Uttar Pradesh are seeing their dreams take flight with the revival of the aromatic black rice variety, Adamchini.
1 mins
November 17, 2025
The New Indian Express Dharmapuri
Deadline for insuring samba paddy in 27 districts extended to Nov 30: Min
AGRICULTURE Minister MRK Panneerselvam on Sunday announced that the deadline for insuring samba/thaladi/pis-hanam paddy crop has been extended till November 30, following farmers’ requests due to rain-related delays and administrative work.
1 min
November 17, 2025
The New Indian Express Dharmapuri
Door-delivery of rations: Staff bear the brunt as transport cost exceeds allocation
RATION shop supervisors are frowning at the allocation of expenses by the cooperative department to distribute rations to beneficiaries under the Thayumanavar Scheme, as the allocated amount, according to them, is not sufficient to deliver the goods.
2 mins
November 17, 2025
The New Indian Express Dharmapuri
WHAT TO MAKE OF BUFFETT'S 'THANK YOU' LETTER
MONEY MATTERS
2 mins
November 17, 2025
The New Indian Express Dharmapuri
'GST rate cut boosted Oct vehicle loans'
CHOOLAMANDALAM Investment and Finance Company president and CFO Arul Selvan said that the NBFC’s advances in two-wheelers and passenger cars segments went up in October after the GST rationalisation in September.
2 mins
November 17, 2025
The New Indian Express Dharmapuri
Govt plans to take 'Incredible India' to newer markets with rebranding
THE Ministry of Tourism has launched efforts for rebranding one of its most successful campaigns-Incredible India-to target new markets.
2 mins
November 17, 2025
Listen
Translate
Change font size