Real Estate players move Bombay High Court against new notification

By Accommodation Times Bureau

MUMBAI

The recent notification on GST has made the Real Estate Developers to move towards court against it. With the Bombay High Court (BHC) the developer have filed a writ petition for challenging the notification by the government on transferring rights of landowners to developers is taxable.

According to the said notification, When a developer enters into a development agreement with a Landowner, GST would become payable by the Landowner when the developer transfers possession or the rights in the constructed complex, building or civil structure, to the Landowner by entering into a conveyance deed or allotment letter.

Ithe issued notification says that both the developer and landlord would be payable of GST.





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