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Real Estate
Delayed possession: Maharashtra Tribunal rules that homebuyers cannot seek refund of GST, stamp duty, TDS from developer
The Maharashtra Real Estate Appellate Tribunal (MREAT) ordered a developer to refund over ₹2 crore to a homebuyer for delayed possession but ruled that buyers cannot claim refunds of GST, stamp duty, and other taxes from developers, as these are remitted to government authorities. Buyers should seek refunds directly from tax authorities. This ruling clarifies tax refund rights in real estate transactions.
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