Tamil Nadu Real Estate Regulatory Authority directs developer to return seven percent excess GST to homebuyer

CHENNAI: Homebuyers who paid excess GST may seek discounts from their developers. The Tamil Nadu Real Estate Regulatory Authority ( TNRERA ) on Thursday directed a promoter to return the additional GST the realtor had collected from a customer. The regulator ruled that homebuyers have the right to claim the benefits of input tax credit (ITC).  The issue pertains to two homebuyers filing a cas…