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TMSL Footprint June 2021


TMSL-JUNE-compressed

In absence of credit, the GST amount is factored into the cost of homes, driving up the costs of projects by as much as 12-18%. o rectify this inconsistency, the council has recommended that the developer can now pay GST on the apartments sold to landowner either before or at the time of issuance of completion certificate. This will enable the landowner to take credit of the GST at the time of selling the flats further to buyers

Jigar Doshi and Pratik Shah – Partners TMSL LLP

Read more at:

https://www.bloombergquint.com/law-and-policy/gst-relief-for-land-owners-as-council-fixes-credit-problem

Copyright © Bloomberg Quint


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