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Amid boom in Mumbai redevelopment projects, triple GST sees court cases build up

Dated on: Thursday 14th September 2023

In Mumbai, the redevelopment of cooperative housing societies is progressing vigorously, but challenges related to goods and services tax (GST) in such schemes are resulting in legal disputes that is litigation. Appeals in the court are being made to the finance ministry to streamline the tax process. Typically, members of a cooperative housing society collectively transfer their development rights to a redeveloper, receiving a new flat in exchange for their old one upon project completion.

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