Gst applicability on redevlopment


This query is : Resolved 

Quick Summary
This discussion addresses whether Goods and Services Tax (GST) applies to rental and corpus fund payments made by real estate developers to existing flat members as hardship money during redevelopment projects. The context is a residential complex where a Development Agreement (DA) is being entered into with the society. While initial responses suggest GST is applicable, there are differing opinions, prompting a request for elaboration and professional advice.

24 June 2021 Is GST Applicable on rental and corpus fund payments made by real estate developer to existing flat members as hardship money , while entering into DA with the society for redevelopment
Pls consider the society as residential complex

25 June 2021 Yes GST is applicable

26 June 2021 Can you elaborate with reasons as there are contradictory views on this.

26 June 2021 Get a professional opinion on it.

26 June 2021 Is GST Applicable on rental and corpus fund payments made by real estate developer to existing flat members as hardship money , while entering into DA with the society for redevelopment Pls consider the society as residential complex

04 December 2021 REFER: https://bcajonline.org/catdescription.php?catid=17777&cid=88


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