News Updates
Beginning of Real Estate Boom in West Bengal
The relief was being granted for registration of deeds affecting sale/lease of land/house/flat. The first financial statement of state authorities in its third time period, also introduced a 10% deduction inside the circle rate of property, which determines the price at which a belongings is registered.The state Government expects the measures announced for the real estate industry to create additional call for the sector, with the intention to have a multiplier effect on the
GST applies to one-time maintenance deposit flat customers pay developers: AAR
The AAR bench, though, brought the quantity will be concern to GST on the time of actual supply of service—when renovation services or maintenance of common place areas and centers are achieved, in future, with the aid of utilising these deposits. MUMBAI: The Gujarat bench of Authority for Advance Rulings (AAR) these days held items and services tax (GST) would be relevant to a one-time upkeep deposit gathered by a builder from its consumers as it's miles
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