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Govt to Refund GST if Purchase of Incomplete House Called Off: Experts

Govt to Refund GST if Purchase of Incomplete House Called Off: Experts

Homebuyers cancelling purchase of an under-construction house after paying the purchase price and goods and services tax (GST) will get the refund directly from the government, said experts. The finance ministry said in the 48th GST Council meeting that there is no procedure for claim of refund of tax borne by unregistered buyers in cases […]

The Winning Formula!

The Winning Formula!

The GST Council’s decision to give an option in the choice of the tax regime in GST for projects under construction has given an opportunity to home buyers to negotiate with developers to choose the system beneficial to them. The decision has also brought some reprieve to developers over their concerns on the loss of […]