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[부동산] 집주인, 동일한 건물에 대한 상이한 GST 지불할수도 Now, owners may have to pay different GST for identical flats
[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Lee Jang Ho staff
of Kamagroup Pvt. Ltd. Here I have an important INDIA REAL ESTATE news to
share with you which is as undermentioned.

The taxman has asked builders to choose before May 10 the new goods &
services tax (GST) rate for ongoing realty projects.

The concessional rate, which came into effect April 1, was set at 1% for affordable
houses and 5% for others, from the earlier 8% and 12%, respectively. Developers
of under-construction projects could opt for the new or previous rate, but now they
have been asked to exercise this option before Friday in the prescribed format.

This means, two people buying identical flats in the same apartment complex but
in different buildings or towers, could technically end up paying different GST rates.

Read more at: https://economictimes.indiatimes.com/news/economy/policy/now-owners-may-have-to-pay-different-gst-for-identical-flats/articleshow/69241691.cms
Kamagroup Pvt. Ltd.
New Delhi
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