styris gonsalves

Estate agent
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Taxes & Duties #impact#gst#property#prices
What will be the impact of GST on the property prices?
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Harsh Bhuta, Chartered Accountant  

37 Answered

Answered on November 08, 2017
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    • This is a very generic question. However, it would depend upon the facts of each case. Under the VAT regime, many States had introduced composition scheme with tax rates as low as 1%, without Input Tax Credit (ITC). There is no such composition scheme under the GST regime. At the same time, builders would be eligible to claim ITC on inputs/input services used in the execution of works contract...
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    Redevelopment #builder#terrace#flat
    Can I demand an incentive area from the builder if I have a terrace attached to my flat? If yes, how much?
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    Rachanaa Group  

    129 Answered

    Answered on November 08, 2017
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    • Normally on a top floor or on the first floor of the building a terrace is formed out of compulsion and its used by the adjoining flat owner. As such its not counted in the built up area of the building. Its a point of negotiation between the developer and a owner of such terrace to settle it.
    Purchase & Sales #purchase#flat#cc#developers
    I am looking to purchase a flat on the 10th floor and C.C. is upto the 6th floor. Why do developers not obtain the full CC in one go?
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    Rachanaa Group  

    129 Answered

    Answered on November 08, 2017
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    • It is not always practically possible to obtain full CC at one go. There are huge premiums that need to be paid. If they are paid in one go, developer will incur heavy finance charges on the same, which ultimately will be passed to the consumer.
    Society Matters #co-operative#society#builder#refuses
    Can a Co-operative Housing Society be formed if the builder refuses to co-operate ?
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    Rachanaa Group  

    129 Answered

    Answered on November 08, 2017
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    • Yes, it is possible to do so incase of non co-operation of the developer, however the requirements for registration are complied with
    RERA
    Can someone explain the key features of the Act?
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    Aahwaana Ramesh

    40 Answered

    Answered on November 08, 2017
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    • Key features of the Act are to satisy the following : Ensuring Disclosures of Real Estate Projects by Promoters Real Estate Projects Registration Real Estate Agents Registration Complaints Redressal Provide recommendations to appropriate Government on matters relating to the development & promotion of real estate sector