GST Council may soon clarify tax exemption to RERA The GST Council is likely to soon clarify that the Real Estate Regulatory Authority (RERA) will not be required to pay Goods and Services Tax (GST).

The regulatory authority, which functions as a regulator for the realty sector, was set up in different states to ensure transparency in real estate projects, protect the interest of consumers, and establish an adjudicating mechanism for speedy dispute redressal.

After discussions with RERA functionaries about the nature of their function it was decided that GST is not applicable to them, the official said, adding that RERAs are funded by respective state governments and hence levying GST would mean taxing state governments.

A meeting of the GST Council, chaired by the Union Finance Minister, is likely to be held before the imposition of the Model Code of Conduct for the general election due in April-May.