Gujarat Government Extends the last date for exercising the option by promoters to pay tax in real estate sector

May 14, 2019 | by Avantis RegTech Legal Research Team


The State Government of Gujarat on May 10, 2019, has extended the date for exercising the one time option to pay tax on construction of apartments in a project by the promoters at the rate as specified in items (ie) or (if) till May 20, 2019.

In the notification:

i.In the Table, against serial number 3, in items (ie) and (if), in the entries in column (5), for the figures and letters “10th”, wherever they occur, the figures and letters “20th” shall be substituted;

ii.In Annexure IV, for the figures and letters “10th”, at both the places where they occur, the figures and letters “20th” shall be substituted. 

[Notification No. 10/2019-State Tax (Rate)]

Click here to download the Notification.


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