GST Council to clarify that RERA is exempt from GST as it is funded by state governments.

The GST Council is expected to clarify that Real Estate Regulatory Authority (RERA) does not need to pay Goods and Services Tax (GST). RERA, functioning as a regulator and facilitator for the realty sector, is covered under Article 243G of the Constitution dealing with the powers, authority and responsibilities of panchayats. After discussions with RERA functionaries, it was decided that GST is not applicable to them, as RERAs are funded by respective state governments, and levying GST would mean taxing state governments.