GST on under construction Property
GST on under construction Property
I bought a property in April 2018 for 1.75 Cr inclusive of 12% GST from the builder. In 2019 April, government revised GST to 5%. Builder initially said that he would review the tax angle. Either he w
2 years ago
A. Dear Sir,
With GST rate cut on under-construction properties, the GST for under-construction affordable housing units is 1%, while for non-affordable projects it is 5%, without input tax credit.
GST Council has approved the proposal of 5 percent tax on residential properties and 1 percent for affordable housing. These taxes are valid from 1st April 2019.
There is a huge change in the GST rate in the real estate sector. Many buyers have confusion about the applicability of GST for real estate. ...ReadMore
Ayantika Mondal @ Prime Legal
Managing committee of Housing society
Our society in Mumbai has 420 flats. Our managing committee has only 10 members now. What should be the minimum strength (not quorum) for a managing committee for society of 420 flats to be valid?
2 years ago
A. Dear Sir,
Please contact local advocate having more knowledge about the above issue.
THE
MAHARASHTRA CO-OPERATIVE SOCIETIES ACT, 1960 (Maharashtra Act No XXIV of 1961)
(1) Short Title, Extent and Commencement:--
(1) This Act may be called the Maharashtra Co-operative Societies Act, 1960.
(2) It extends to the whole of the State of Maharashtra.
(3) It shall come into force on such date as the State Government may, by notification in the
Official Gazette, appoint.
(2) Definitions -
in this Act, ...ReadMore
Ayantika Mondal @ Prime Legal
Delay in handover of soceity
The soceity was registered in 2017 but the builder gave handover of soceity in Aug 2021 .All maintainance was charged at 2500 per house but the building is in poor condition. Besides the builder has d
2 years ago
A. It is necessary to give legal notice to that Builder on the ground of deficiency in service asking him to rectify such deficiency within stipulated period of time and in default you have to file consumer complaint before the District Consumer Disputes Redressal Forum praying for direction upon that Builder to rectify the deficiency in service as well as for compensation.
Advocate Sinjari Bandyopadhyaya
Society Maintenance paid to builder is not accounted for
I have paid developer Rs 25000 security deposit for interior work of my flat after work completion developer said that it will transferred to maintenance account but after 2 years society is handed ov
2 years ago
A. Hi,
You can file a civil case. Since you have already paid the required amount, it is not advisable to pay again. The court will render the judgment after considering the facts of the case.
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Ayantika Mondal @ Prime Legal
Can someone leagally complain about my house?
I bought a house in delhi(MBS Nagar West delhi) 5-6 years back, and the house has 4 floor + 1 ground floor, i have read some where it is illegal to make house more then 2-3 floors, but now i have it,
2 years ago
A. Nowadays through DDA app anybody can lodge complaint against a construction alleging unauthorized nature. When you had purchased that property then hope that you had checked the Sanctioned Building Plan in that regard.
It is necessary to know whether that property has been sanctioned for residential purpose or for commercial purpose. Hon'ble Supreme Court of India in its recent verdict gave direction to the Monitoring Committee not to become strict to seal those properties which are totally us ...ReadMore
Advocate Sinjari Bandyopadhyaya
Ayantika Mondal @ Prime Legal
Harassment to senior citizens
I am a senior citizen living with my life in pune.I sold my flat with the help of broker.he promised me to complete the whole transaction of sale for that I charge one percent brokerage. You give me b
2 years ago
A. You are not liable to pay any brokerage unless your deal is not completed. The demand of broker is illegal. You can report the matter to police if broker harass you. You can reuse to avail his service. Broker cannot harass which is otherwise illegal.
Sidhaarth S
Ayantika Mondal @ Prime Legal
Can I buy a Muslim property i am a hindu
Can I buy a Muslim property i am a hindu
2 years ago
A. Hi,
Yes, a property is not limiting, and a person is not prohibited from owning a certain property merely because of his or her religious beliefs. Some people are averse to selling their property to persons of different faiths. You won't be able to purchase the land in such a case. Otherwise, there is no legal stumbling block. Just be certain there are no legal encumbrances.
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Ayantika Mondal @ Prime Legal
Advocate Sinjari Bandyopadhyaya
UDS land can be sub divided?
I am planning to buy a new individual row house from a builder. Two houses share a land area of 2200 sqft. Though house is registered individually between two owners but the land ownership is shared b
2 years ago
A. hello
You could mutually talk out this with your neighbour and sub divide the land area to be the individual owners. But although you have got the property registered seperately therefore there is not much need to do so. It must have been mentioned in the registered deed regarding the same.
Thanks.
Ayantika Mondal @ Prime Legal
Home Construction and land acquisition by govt.
I owned an open plot in Visakhapatnam in an approved layout by Regional Deputy Director, Town Planning, Visakhapatnam. My plot is in S-E corner and local government laid road close to my site boundary
2 years ago
A. Hi,
It is uncertain whether the widening of road would happen in future or not. However, if there is any project of widening of road, then your property would be acquired and demolished as per the project requirements, but you would be adequately compensated in case your property is acquired for the project work.
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Ayantika Mondal @ Prime Legal
Property sale what necessary steps to be taken
I keep hearing, buyer can mire your property in court case, for years, if you get into sale agreement. As the original allottee for a residential bda site worth over two crores, what are the steps I
2 years ago
A. Dear Sir,
Yes, never execute sale agreement and if the buyer is not honest then he may file a false suit for specific performance thus made you to run around the courts for years together. Better you share the documents in Xerox copies with your prospective brokers and buyers.
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Ayantika Mondal @ Prime Legal
