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Real Estate Forum on Property Tax in Kharghar, Navi Mumbai

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Property Tax in Kharghar
Q: Why there is no property tax in Kharghar

property tax in navi mumbai
property tax in kharghar
Latest Answer: Where did you read or found such information? As per the Maharashtra civic administration, keeping the tax rates steady means residents will not be burdened with an additional expense. Property tax will be as it was earlier.
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How will GST will applicable to builder?
Q: Is GST applicable on property after I get Occupancy Certificate from the builder?

gst
gst on commercial properties
gst for ready-to-move-in properties
Latest Answer: I agreed with the Padma. Ready to move in an apartment are exempt from GST. GST is only applicable on under construction House but the owner will get the Input credit only on the construction part. But since developer have to pay GST on the whole project and he or she will get credit only on construction cost consequently the rates for whether under construction or ready to use house cost will hike on the proportionate basis, in order to link the gap.
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GST on ready-to-move-in commercial property
Q: What will be the GST on a ready-to-move-in commercial shop from a builder wherein he is still waiting to get the Occupancy Certificate? Can the builder get the input benefit from the government on a deal?

occupancy certificate
gst
input credit
gst on commercial properties
Latest Answer: GST is applicable on properties that have not yet received the Completion or Occupancy Certificate. Ready-to-move apartments will have no GST but the developer will only get input credits on construction costs. Developers will collect and pay GST on the cost of the project.
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