Tuesday, Sep 22, 2020 | Last Update : 02:58 PM IST

182nd Day Of Lockdown

Maharashtra122438091634833015 Andhra Pradesh6317495518215410 Tamil Nadu5473374919718871 Karnataka5268764233778145 Uttar Pradesh3588932895945135 Delhi2492592133045014 West Bengal2283021989834421 Odisha184122149379763 Telangana1726081419301042 Bihar169856155824870 Assam159320129130578 Kerala13863398720554 Gujarat1247671051913337 Rajasthan116881972841352 Haryana113075908841177 Madhya Pradesh108167836182007 Punjab99930754092860 Chhatisgarh8618347653680 Jharkhand7267358543626 Jammu and Kashmir65026421151024 Uttarakhand4177729000501 Goa2875322726360 Puducherry2319118065467 Tripura2227215441245 Himachal Pradesh124387836125 Chandigarh102987411123 Manipur9010683859 Arunachal Pradesh7385540813 Nagaland5544445110 Meghalaya4733252838 Sikkim2447190529 Mizoram158510120
  Metros   Mumbai  23 Sep 2017  Latest Mhada lottery winners may get exemption from GST

Latest Mhada lottery winners may get exemption from GST

THE ASIAN AGE. | AISHWARYA NAIR
Published : Sep 23, 2017, 2:30 am IST
Updated : Sep 23, 2017, 2:30 am IST

Last week, the housing authority announced a lottery for 819 houses in Mumbai scheduled for November 10.

Going by an official advertisement released by the authority, 15 out of the 31 schemes have received an OC so far.
 Going by an official advertisement released by the authority, 15 out of the 31 schemes have received an OC so far.

Mumbai: If you are a Maharashtra Housing and Area Development Authority (Mhada) lottery winner and the building in which the flat allocated to you is located has an OC (occupancy certificate), you may count yourself lucky! Reason being you may not be required to cough up extra bucks to pay Goods and Services Tax (GST) as the overhead would have been taken care of by the concerned builder.

Subhash Lakhe, chief officer, Mumbai board, Mhada, said, “As per the legal opinion given by our CA panel, if the sale price (amount paid for a flat) is realised after the OC is obtained, only in that case probably GST may not be applicable.”

 

Last week, the housing authority announced a lottery for 819 houses in Mumbai scheduled for November 10. Following the announcement, Mhada drew a lot of flak from activists and housing experts with houses for the higher income group (HIG) crossing the Rs 1 crore mark. Of the 819 flats, eight flats are for the economically weaker section, 192 are for low-income groups, 218 for medium-income groups, and 338 for HIG families.  

In August, a special panel was formed by the housing authority to check if the 12 per cent GST on sale properties would be applicable to lottery flats as well. However, the panel was of the opinion that GST would not be applicable for Mhada homes.

 

Going by an official advertisement released by the authority, 15 out of the 31 schemes have received an OC so far.

Tags: mhada, gst