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Noida developers told to submit tax worth Rs 580 crore on lease premium of projects

Noida GST dept has said that those project developers who have been served the notice were given a month’s time to file their replies, and would be levied fine if taxes are not paid within the deadline.

High-rise society in Noida (Representational image)

The Goods and Services Tax Department of Gautam Buddh Nagar has asked 43 project developers of Noida and Greater Noida to submit tax worth Rs 580 crore on the lease premium of their projects, officials said on Saturday.

“The notices were issued on different dates over the past month, that is in December, to all the project developers. This is an ongoing proceeding,” said Chandni Singh, Additional Commissioner, GST Department, Noida.

Singh said that those project developers who have been served the notice were given a month’s time to file their replies, and would be levied fine if the taxes are not paid within the deadline.

According to officials, it is important for the project developers to pay GST on lease premium and lease rent. Most of the builders submit 18 per cent tax on lease rent but not on lease premium.

“We are in touch with a lot of developers. They are assessing and are going to submit replies based on their assessment of what the liability should be, which is a common thing. Sometimes we do not have all the details so the tax liability that we calculate is based on the information available through various sources,” the GST Additional Commissioner told The Indian Express.

She said that the taxes have been assessed from the financial year of 2018-19. “However, this amount can change based on the evidence submitted by the developers. But roughly in our calculation this is the liability and we have given them a month’s time to file their replies after which further proceedings will be initiated,” Singh said.

The officer said that around Rs 30 crore has been recovered from the project developers by now, while some developers have asked for some time. “After that, if the taxes are not paid we will impose heavy penalties on them” said Singh.

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Singh said that this is a liability that is squarely fixed on the developers and many developers also are already submitting this tax. “It is a matter of ensuring compliance. Some builders have done it and some have not and those who have not will now do it based on the notices. We are still working on it and are expecting more project developers to be brought on our list. Certain projects are not updated on the RERA’s websites due to which also there are certain discrepancies,” added Singh.

Neetika Jha

Neetika Jha is a Correspondent with The Indian Express, based in the Noida bureau. She primarily covers crime, health, and environmental issues, as well as human-interest features across Noida, Ghaziabad, and Western Uttar Pradesh. Professional Profile Education: She is an alumna of the Asian College of Journalism (ACJ), Chennai. Core Beat: Her work focuses on the administrative and social challenges of the NCR's satellite cities. She is known for her detailed reporting on civic infrastructure (like the Noida International Airport), environmental violations, and high-profile criminal investigations. Personal Interests: Outside of reporting, she is an avid reader of fiction (citing The Thursday Murder Club and Yellowface as recent favorites) and a gardening enthusiast. Recent Notable Articles (Late 2025) Neetika’s recent reportage has been dominated by winter-related crises in the NCR and significant criminal legalities: 1. Environment & Public Safety "Greater Noida Authority slaps fines on firms for violating GRAP IV norms" (Dec 21, 2025): Reporting on heavy penalties imposed on major developers like NBCC for flouting anti-pollution construction bans. "Fatal pile-up on Yamuna Expressway: Fog, high speed emerge as key safety risks" (Dec 17, 2025): A major report on a 15-vehicle collision caused by dense fog that killed 17 people. "At Chilla, Kalindi, DND, many fined Rs 20,000 for non-compliance to Delhi's BS-VI rule" (Dec 19, 2025): On-the-ground reporting from the borders where Noida police penalize non-compliant vehicles entering the capital. "Driving in Noida amid fog? New speed limits in effect till Feb 15" (Dec 13, 2025): Detailing the seasonal traffic restrictions aimed at preventing highway accidents. 2. Crime & Legal Developments "'Have you ever heard of a murder case being withdrawn?': Court in Akhlaq lynching case" (Dec 12, 2025): Covering a critical courtroom hearing where the court questioned the UP government's petition to withdraw charges against the accused. "After losing money in stock market, bank employee in Ghaziabad withdraws Rs 64 lakh from customers' accounts" (Dec 14, 2025): An investigative piece on internal bank fraud and the risks of modern digital embezzlement. "Woman shot dead by partner in Noida: Three days on, accused still on the run" (Dec 2, 2025): Tracking a high-profile domestic violence and murder case in Central Noida. 3. Human Interest & Features "'Had tears in my eyes': Army men walk bride down the aisle 20 years after father died in terror attack" (Dec 2, 2025): A moving story about soldiers from a Punjab Grenadiers unit fulfilling a father's duty for his daughter. "How a Zepto delivery man heard a cry — and saved two kids dumped in Noida drain" (Dec 2025): A viral human-interest story highlighting individual heroism in the city. Signature Style Neetika is recognized for her meticulous follow-up on local tragedies. Whether it is a massive pile-up on the Yamuna Expressway or the ongoing construction of the Jewar (Noida) Airport, she focuses on systemic lapses and the safety of commuters. Her crime reporting often explores the psychological motives behind "crimes of passion" and the rising trend of financial cyber-fraud in the Ghaziabad-Noida belt. ... Read More

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