TaxTMI 
TaxTMI 
Clarification on Gst applicability on flats given back to original flat owners on Re development
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....larification on Gst applicability on flats given back to original flat owners on Re development <br> Query (Issue) Started By: - Kumar Dated:- 13-10-2025 Goods and Services Tax - GST <br> Got 3 Replies <br> GST<br> <br> Dear Sirs /Madam Request your views whether in Maharashtra state GST is applicsble on flats given back to original flat owners and if applicable whether it is applicable only....
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.... on the extra area given or on the TOTAL AREA (Existing plus Additional ) and the rate applicable Pls oblige by giving your valuable advice --Reply By: Sadanand Bulbule The Reply: If the original flat owners receive additional areas beyond their original entitlement, GST is applicable on the value of additional additional area. The rate would be 1% or 5%, depending on whether....
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.... the property qualifies as affordable housing. Consult tax experts for professional advice. --- Sub-Reply By: Kumar The Sub-Reply: Thank you Sir can you suggest some experts whom i can consult with their email id further you have mentioned chatgeable if they receive more than eligible area we have recd as per Development agreement so is that eligible area or are you meaning original....
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.... flat area before redevelopment pls let me know the expert details and i will contact them with all the details. N Kumar --Reply By: Shilpi Jain The Reply: In case of re-development, the entire redevelopment activity would be liable to GST. Here are you asking from the perspective of owners or developer? <br>***<br> Discussion Forum - Knowledge Sharing....