UP-RERA Issues Refund Guidelines for Excess GST from Homebuyers
GST NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has introduced new guidelines for refunding excess Goods and Services Tax (GST) collected from homebuyers in registered real estate projects. UP-RERA emphasized that GST for all registered projects should be collected in accordance with the rates set by the central government. Earlier, on January 8, 2025, UP-RERA had issued an order informing registered promoters and real estate agents about the applicable GST rates. However, concerns were raised that some allottees were charged GST rates above the prescribed ones. To address this, the State Tax Department has implemented an online…