Delay in Possession? How to Seek refund under RERA
The delay in projects got converted from months to years shattering the dream of owning a home of many homebuyers. A detailed article on how to get refund from the builders under RERA.
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RERA: Refund of the Booking amount by the builder
The Maharashtra RERA in its ruling shed some light on the refund of booking amount as in its order the authority directed the developer to give back the booking amount.
Filing GST Refunds give a hard time to Industrialists
The industrialists in Tirupur are still facing a hard time in filing Goods and Service Tax (GST) refunds in GST portal. Recently, the union government has provided the provision for the GST refund on the website. The industrialists could update details about the GST payments they made and seek the refund. The Tirupur Exporters Association … Continue reading “Filing GST Refunds give a hard time to Industrialists”
Good news for importers of food, cosmetics will get refund on excess GST
Importers of food i.e. unsold inventories of imported chocolate, confectionery and cosmetics, which attracted 28% Integrated Goods & Services Tax (GST) during inbound shipments will now be a retailing tax of 18%. They can now claim refunds on excess GST but also have to submit proofs. The reduction in GST rates for products imported at a higher … Continue reading “Good news for importers of food, cosmetics will get refund on excess GST”
10,000 Applications filed for GST Refunds by Exporters
Last month the Central Board of Excise and Customs (CBEC) started Goods and Services Tax (GST) refunds for exporters who have paid Integrated GST (IGST) and have claimed refund based on shipping bill by filling up Table 6A. Earlier this month, it allowed businesses making zero-rated supplies or those who have paid IGST on exports … Continue reading “10,000 Applications filed for GST Refunds by Exporters”
If homebuyer cancels the Booking, Developer will not be liable for Refund
Maharashtra Real Estate Regulatory Authority (MahaRERA) laid off a complaint of a home buyer seeking refund of his money after he cancelled the booking on his own. The homebuyer booked a flat in Thane (W), Mumbai and later on cancelled the booking on his own. The buyer is now claiming for a refund. The respondent … Continue reading “If homebuyer cancels the Booking, Developer will not be liable for Refund”
Proposal To Refund Central GST on Goods Made In Excise-Free Zones
A proposal to refund central goods and services tax on items made in formerly excise-free zones in Himachal Pradesh, Uttarakhand, and the North-East is set to be presented to cabinet. The move will benefit companies such as Cipla, Dabur, Dr. Reddy and TVS Motor that invested in those areas because of the tax break. Such … Continue reading “Proposal To Refund Central GST on Goods Made In Excise-Free Zones”
Know in Brief – Refunds under GST
Refund refers to an amount that is due to the tax payer from the tax administration. According to section 54 of the CGST Act, 2017, any person claiming refund of any tax and interest
Transition Of Refund Of Taxes Paid Under The Existing Laws
In the existing regime of indirect taxation refund is one of a most strained area, both for the taxpayer and the tax administration.
Reverse CIRP under IBC- A boon or Curse for the Homebuyers?
Earlier the allottees had an option of claiming refund of the entire amount. But under the reverse CIRP, the allottees will not be able to claim the refund.
Rights and Duties of the Allottees
Neither the promoter nor the allottee can deny such rights & duties as mentioned in this article no matter what has been documented by the Builder or agreed by the Allottee.
Right, duties and Liabilities of the homebuyers under RERA
The home-buyers should be aware of all the rights and duties they have so that they can secure their property investment.
Relief for the Homebuyers under Insolvency and Bankruptcy Code, 2016
The homebuyers can file a petition against the builder or developer to commence Corporate Insolvency Process or not.
The best time to file a case under RERA is NOW
RERA was implemented to acknowledge and solve discrepancies and issues of home buyers. By establishing rules for the sale of real estate and requiring developers to adhere to certain criteria, it protects the interests of homebuyers.
Section 8 of RERA: Obligation of Authority consequent upon the lapse of or on the revocation of registration.
Section 8 of the RERA is an essential clause that guarantees the protection of homebuyers’ interests in the event that the registration of a real estate project is canceled or expires.
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