News & Media 21st Nov 2023
The Directorate General of GST Intelligence (DGGI) is understood to be sending notices to various real estate companies, demanding that GST be paid for a clutch of transactions among group companies or joint venture partners. Fees for management services and royalty charged for use of brand names are among the services that the DGGI finds taxable at 18%, the GST slab for most services.
Harsh Shah, Partner,Economic Laws Practice (ELP) speaks to Raghavendra Kamath & #priyanshverma in this article “GST net widens for real estate firms” published by Financial Express (India).