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New builder must charge same GST as opted by former housing developer
The New Indian Express Hyderabad
|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.
Denne historien er fra April 19, 2025-utgaven av The New Indian Express Hyderabad.
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FLERE HISTORIER FRA The New Indian Express Hyderabad
The New Indian Express Hyderabad
CM: ₹2,000 stipend for students joining ATCs
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The New Indian Express Hyderabad
BC quota GO premature, hints HC bench
THE Telangana High Court on Saturday asked the state government how it could issue a GO enhancing reservations for Backward Classes (BCs) in the forthcoming local body elections when Section 285A of the Panchayat Raj Act, 2018, remains unamended.
1 min
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Infused wrong blood type, woman critical
An alleged blood transfusion mix-up at the state-run MGM Hospital in Warangal has left a 38-year-old woman in a critical but stable condition after she was reportedly given the wrong blood group.
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The New Indian Express Hyderabad
2.8L Indian jobs on the line as Trump slaps $1L H-1B fee
THE Trump administration on Saturday imposed a fee of $1,00,000 per year on each H-1B visa holder, dealing a body blow to the 2,83,397 (71%) skilled technology workers from India, as per 2024 data. At 71%, India was the largest beneficiary of H-1B last year, while China was a distant second at 12%.
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H-1B mess will hit Telangana hardest: Sridhar
ASKING why the Centre was maintaining silence over the increase in H-1B visa fees by the United States, IT and Industries Minister D Sridhar Babu said Telangana would be among the states worst affected by the move.
1 min
September 21, 2025
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