A GST demand on NBCC’s escrow fund for the Kidwai Nagar redevelopment project has sparked a conflict between the Urban Development and Finance Ministries. The DGGI issued the notice, arguing that lease receipts collected by NBCC are subject to GST.
Over 2,600 real estate projects expire in Karnataka, many more lapse: RERA data
A significant number of real estate projects failed to meet their deadlines, with over 2,600 officially marked as ‘expired’ and more than 2,700 classified as ‘lapsed’, as per latest K-Rera…