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CREDAI urges Centre to remove GST on flats given free of cost in redevelopment projects

CREDAI said it has put forth multiple arguments to restructure the GST provisions for a more conducive ecosystem for redevelopment projects.

Is rent paid for redevelopment projects taxed?

To facilitate redevelopment and to compensate flat owners for the hardship faced by them during such work, a developer might offer them compensation in the form of rent to ensure alternative accommodation for the duration of the project.

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