The State of Uttar Pradesh has not prescribed the final set of RERA Rules, however, it has started accepting the application for RERA registration on provisional basis.
The Real Estate (Regulatory and Development) Act, 2016 has commenced from May 1, 2017. The first set of Rules and Regulations in Real Estate Industry has become a reality now.
As RERA deadline nears, regulator in Noida and Greater Noida are nowhere to be seen. RERA was notified in October last year and took effect in UP in May 2017 and July 31
Being the hub of development and fast growing city, Gurgaon needs separate analysis of RERA Registration in Gurgaon, which is as under;
Where a supplier is not required to charge any tax, he shall raise a bill of supply instead of invoice. Bill of supply will be raised by:
The government has clarified rules of invoicing under GST along with a template of invoice (GST INV-01) covering particulars like supplier’s details, GST tax rates etc.
Having its own fast growth and real estate charm, Noida deserve a separate analysis of RERA registration requirement stating related State Regulations, which is as under;
As per section 3 & 4 of ‘Real Estate (Regulation & Development) Act, 2016 readwith rule 4 of above Rules, for the real Estate projects that are ongoing
Being one of the hubs in real estate projects, Lucknow deserve a separate analysis of RERA Registration in Lucknow, which is as under;
As per section 3 and 4 of Real Estate (Regulation & Development) Act, 2016 (REDA) readwith Rule 3 of above rules, no promoter/developer can sell, advertise, market, book
Karnataka government is sweating bullets about BJP biases towards RERA (Real Estate Regulatory and Development) Act.
As per central government recent press release, it is clarified that no developers shall be allowed to market their projects without getting registration under Real Estate Regulatory Authority (RERA).
Goods and Services Tax aims at providing seamless flow of credit throughout supply chain.
All registered taxpayers are free to design their own invoice format under GST However, it is required that certain fields as mentioned in the invoice.
Before the RERA, Real Estate Agents were not required to get their business registered and thus resulted into many manipulation and fraudulent activities
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