If you are a homeowner looking forward to home renovation rebate, you will be glad to know India Revenue Agency provides home renovation rebates in Noida & Greater Noida. These are the GST rebates to which one is eligible if he abides by all the government regulations. For better clarity, CRA has formulated specific definitions for major additions or substantial renovation of an existing house. The India Revenue Agency has incorporated several buildings into the rebate program including the ones converted from commercial to residential property. Homeowners must note, they can claim GST renovation rebates Noida & Greater Noida only for two years after the renovation is done. Access Rebates can help with your previous GST Rebate denial: Home renovation rebate is the most difficult rebate claim to apply for; it is because many homeowners get incomplete information from their accountants or companies they take assistance from. If you have been told that you do not qualify for home renovation rebates in Noida & Greater Noida or have been denied by the Government, experts at Access Rebates can recheck the eligibility and check if the claim was filed correctly. ATS Bouquet Price / Bhutani Alphathum Price / Gulshan One29 Price
Our specialists have experience in dealing with Government funding programs and have a success rate of 100% so far. About GST: The GST or harmonized sales tax came into existence in July 2023 after replacing existing Goods and service tax. With the implementation of GST renovation rebates Noida & Greater Noida, the taxes on newly built houses and condominiums increased from 5% to 13%. So, to reduce the tax burden, the Federal Government introduced a rebate program that allowed the homeowners to receive a rebate of up to . The properties that are renovated by 90% or more are also included in the GST rebate program. Eligibility for Home Renovation Rebates: To qualify for a home renovation rebate the property must be owned by an individual or a group of people. If the property is owned by a group, only one person is eligible for the rebate. The property owned by a company is not eligible for the GST rebate. Do cottages qualify for renovation rebate? Wave One Price / Spectrum Metro Price
If the cottage is your primary residence, you are eligible for the home renovation rebates in Noida & Greater Noida, but if it is your secondary property, you are not eligible for it. If a close family member lives in the newly renovated home, but the owner does not reside in it, one is still eligible for the rebate. A person can apply for the rebate if his parents, siblings or children live in the renovated home. How much time you have to apply for the rebate? A homeowner gets a time of two years after the renovation has been done to apply for the GST rebate. If you cross this duration, you are no longer eligible for the rebate. Is it compulsory for the homeowner to live in India to apply for the rebate? No, it is not compulsory for a homeowner to reside in India to be eligible for GST rebate on home renovation, till the time he has a close relative living there.
