state government of Maharashtra
The confusion over VAT payable by the builders and buyers in Maharashtra is being handled carefully by the state government and builders alike. The Maharashtra Chamber of Housing Industry (MCHI)-Confederation of Real Estate Developers’ Associations of India (CREDAI) has set up a four-member committee to look for the best option for developers to compute Value [...] Continue Reading »
The Bombay Chartered Accountants Society (BCAS) has urged the state government to levy a uniform one per cent tax on buyers who purchased flats between 2006 and 2010, and those after 2010. The sales tax department and developers are yet to arrive at a mutual agreement over the quantum of Value-Added Tax (VAT) leviable, the [...] Continue Reading »
The state government of Maharashtra has amended the Bombay Provincial Municipal Corporations (BPMC), Act, 1949. The amendment will now not only ensure action against relevant builders but also hold civic officers responsible if they fail in their duty in restricting the construction of illegal structure. According to the Act the Pune Municipal Corporation (PMC) will [...] Continue Reading »
After it is reported that the state government of Maharashtra might increase the stamp duty for the residential and commercial properties, the share price for the real estate companies fall. Analyst says that the planning to increase the stamp duty will impact on the sentiment of investors a well as a negative impact will happen [...] Continue Reading »
