Real estate cos approach FinMin over GST notices
Real estate companies have sought the finance ministry's intervention after goods and services tax authorities served notices on 27 big and medium-sized developers over intra-group royalty payments for the usage of brand names in special purpose vehicles set up to implement projects.
Authorities had also sent out notices for non-payment of tax on corporate guarantees provided by flagship companies to their subsidiaries, which attracts 18% GST.
