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GST REFUND FOR HOMEBUYERS
Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...
High Court order offers tax relief for builders in joint development pactsThe Bombay High Court's Goa bench has ruled that GST is not applicable to construction services under a JDA once the developer gains proper...
MahaRERA orders Lodha Developers to issue full refund of booking money after homebuyer’s bank loan application got rejectedMahaRERA directed Lodha Developers to refund a homebuyer's Rs 7 lakh booking amount after their loan was rejected. The buyer booked a Rs 2....
RERA Impact: Builder asked to pay Rs 2.56 crore compensation and foreclose homebuyer’s housing loan due to 7-year delay in possession of flatRERA: A homebuyer who took home loan to buy an apartment in Bengaluru faced challenges when the bank started charging the EMIs but construc...
How individuals can get GST refund on cancellation of home construction, insurance policy: A step by step guideThe GST council has announced a mechanism where an individual can claim GST refund. The GST refund can be claimed provided initially when s...
Govt to refund GST if purchase of incomplete house called off: ExpertsThe finance ministry said in the 48th GST Council meeting that there is no procedure for claim of refund of tax borne by unregistered buyer...
Indiabulls Real Estate guilty of profiteering Rs 6.46 cr, to refund homebuyers: NAABased on a case filed by a homebuyer that Indiabulls Real Estate has not passed on ITC benefits in project Sierra-Vizag, situated in Visakh...
HC verdict on GST on under-construction flats to reduce tax outgo for buyers: ExpertsExperts said in urban area or metro cities actual value of land is much higher than 1/3 value of flat and application of 1/3rd deduction is...
Budget recap: What the saver, investor, homebuyer and the senior citizen have got so far in Modi eraGovt slashed basic corporate tax rate to 22% from 30% while for new manufacturing companies it has been cut down to 15% from 25%.
Few will be able to avail SBI's new home finance 'buyer guarantee' scheme: Here's whySBI's new scheme is applicable for under-construction housing projects but it is highly exclusive, here's why.
In relief to buyers, realtor told to refund 'excess' GSTSeveral builders have not been passing on the benefit on tax credit on inputs such as cement, steel, paints and sanitary-ware, arguing that...
Flats to be given four years ago by Callidora still at halfway markSpread over 12 acres in sector 73, Gurugram, the project was launched by Today Homes and Infrastructure in 2011, promising 650 flats within...
Watchdog penalises builder for not passing GST benefit to homebuyersPassing the order on Tuesday, the National Anti-profiteering Authority said it will also issue a notice asking the builder why penalty shou...
Pyramid Infratech told to pass on input tax benefit to homebuyersNAPA held that the Gurgaon-based developer shall reduce the price to be realised from all buyers — and not just appellants — in commensurat...
What’s buzzing: IBC change alters realty game; but should we rejoice?IBC will be on par with financial creditors when it comes to claims should a realtor go bankrupt.
Housing demand slows despite good loan dealsMost cities including Chennai and Hyderabad saw a decline, while Mumbai and Ahmedabad were the only markets which saw growth.
GST may make homes cheaper in Karnataka, says Revenue Secretary Hasmukh AdhiaRevenue Secretary Hasmukh Adhia on Tuesday said flat rates in Bengaluru and rest of Karnataka might turn out to be cheaper under the GST re...