Customs DutyArticle·21 July 2026

Homebuyers GST refund

By J the App

Executive Summary

UP RERA, through Circular No. 6765 dated 6 July 2026, has instructed all registered promoters and real estate agents to ensure refund of excess GST collected from allottees wherever GST has been charged at rates higher than the applicable statutory rates.

The Circular refers to CBIC Circular No. 188/20/2022-GST and the corresponding Uttar Pradesh State Tax Circular, requiring promoters to facilitate refunds in accordance with the prescribed GST framework.

Background

The issue relates to instances where promoters of real estate projects collected GST from homebuyers at rates hig...

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