Rera : Real Estate Regulatory authority in Hindi रेरा: रियल एस्टेट रेगुलेटरी अथॉरिटी
Rera : Real Estate Regulatory authority in Hindi : रेरा: रियल एस्टेट रेगुलेटरी अथॉरिटी (हिंदी – Real Eestate Regulatory authority) हिंदी में रियल एस्टेट रेगुलेटरी अथॉरिटी (RERA) क्यों नहीं है: भूमि-संपदा (विनियमन और विकास) प्राधिकरण आम तौर पर इसे दैनिक बातचीत और मीडिया में “RERA” कहा और लिखा जाता है। शब्दावली (हिंदी में मुख्य शब्द): […]
RERA full form in Real Estate – Real Estate Regulatory Authority of India
RERA full form in Real Estate : RERA: Real Estate Regulatory Authority It was created under the Real Estate (Regulation and Development) Act, 2016 that assures homebuyers protection, transparency in the property market and timely delivery of projects. Key Features of RERA Compulsory registration: Builders must register their project with the local state authority prior […]
What is IFMS in Real Estate and IFMS full form in real estate
What is IFMS in Real Estate and IFMS full form in real estate : IFMS in real estate is Interest-Free Maintenance Security (also called as Interest-free maintenance system or charges). What is IFMS? A security deposit is a single, non-refunded amount that the property developer collects from a buyer while he takes over his property. […]
What is EDC IDC in Real Estate and EDC IDC full form in Real Estate
What is EDC IDC in Real Estate ? In the real estate sector, especially in India, EDC and IDC are construction charges imposed by a government./State agency on the builder which then usually gets transferred to the homebuyer. EDC (External Development Charges)– External development charges are charged from investors who set up by the developer […]
Who pays GST, landlord or tenant?
Who pays GST, landlord or tenant? A : GST is ultimately borne by the tenant, although who pays and how depends on the nature of lease and whether or not the owner is registered for tax. Residential Properties Personal Residence: if a person rents a home or apartment that the person occupies solely as a […]
GST on Rent of Residential Property in India
GST on Rent of Residential Property in India : Residential accommodation for people living in a residential property to breathe is exempt from GST. In contrast, in case the tenant is registered under GST (goods and services tax) and rents the property for business purpose (such as running corporate guesthouses or employee accommodation), an 18% […]
Residential Property GST Rate : Comprehensive Guide to GST Rates on Residential Property in India
Residential Property GST Rate : Comprehensive Guide to GST Rates on Residential Property in India What is GST on Residential Property – It is applicable only for Under Construction Properties. Occupancy Certificate (OC) homes or residences have zero GST rate applicable and are completely exempted. The rates in the following table are based on the […]
Commercial Property GST Rate
Commercial Property GST Rate : The GST rates for commercial property in India may vary based on the type of transaction. The GST on the renting or leasing is 18%. Commercial properties under construction can also avail the Input Tax Credit (ITC) at the rate of 12%. For ready-to-move or completed properties, zero per cent […]