Tax & Compliance for Real Estate & Construction Mumbai

Real Estate Solutions

Expert Compliance for Real Estate & Construction

Real estate developers, builders, property dealers, and construction companies face complex GST, TDS, and capital gains tax requirements. From RERA registration to project-wise accounting and input tax credit management — UV Ledger provides specialized compliance solutions for the real estate sector in Mumbai.

GST Registration & Composition

GST registration for builders and property developers. Guidance on composition scheme eligibility and project-wise GST compliance.

TDS on Property Transactions

TDS under Section 194-IA (1% on property purchase above ₹50L), Section 194-IB (5% on rent), and Section 194C (contractor payments). Quarterly return filing.

RERA Registration Support

MahaRERA registration for real estate projects, advertising compliance, and annual RERA return filing support.

Project Accounting & Audit

Project-wise cost accounting, revenue recognition, construction progress tracking, and statutory audit support under Companies Act.

Capital Gains Tax Planning

Long-term and short-term capital gains tax planning on property sales. Section 54, 54EC, and 54F exemptions guidance.

Company / LLP Incorporation

Register your real estate business as Private Limited, LLP, or Partnership firm. Complete MCA incorporation with all statutory registrations.

GST Rates

GST on Real Estate (Residential)

Affordable Housing (Below ₹45L, ≤60 sq m metro / ≤90 sq m non-metro) 1% (Without ITC)

Other Residential Housing (Above ₹45L) 5% (Without ITC)

Commercial Properties (Offices, Shops) 12% (With ITC)

Plots of Land Exempt (No GST)

Construction on Land owned by Buyer Exempt (No GST)

Renovation / Repair Services 18% (With ITC)

FAQs

Frequently Asked Questions

What TDS rate applies on property purchase? ▼

1% TDS under Section 194-IA on property value above ₹50 Lakhs (excluding stamp duty). Buyer deducts and deposits TDS within 30 days using Form 26QB.

Is RERA registration mandatory for all projects? ▼

Yes. All ongoing and new residential projects with more than 8 apartments or 500 sq m area must register with MahaRERA. Commercial projects also require registration.

Can builders claim ITC on GST? ▼

Under new residential construction (5% without ITC), builders cannot claim ITC. Under commercial property (12% with ITC), full ITC is available.

How to save capital gains tax on property sale? ▼

Section 54: Buy another residential house within 1 year (before) or 2 years (after) sale. Section 54EC: Invest in specified bonds within 6 months (up to ₹50L). Section 54F: If selling non-residential property, buy residential house.

What is the stamp duty on property in Mumbai? ▼

Stamp duty in Mumbai is 6% of property value (5% state + 1% metro cess). Registration charges are 1% of property value (capped at ₹30,000 for residential).

Do property dealers need GST registration? ▼

Yes, if aggregate turnover exceeds ₹20L. Real estate agents and brokers charge 18% GST on brokerage/commission.

Tax & Compliance Services for Real Estate & Construction in Mumbai