What is covered
- Withdrawal certificates in Form-4 — the CA’s certificate of land and construction cost incurred and the proportion of completion, issued alongside the architect’s (Form-5) and engineer’s (Form-6) certificates, so money can move out of the designated account. See the RERA account and the CA withdrawal certificate.
- Quarterly updates on the K-RERA portal — bookings, approvals, construction progress and the financial position, with the quarter’s Form-4, Form-5 and Form-6 certificates, filed within 15 days of each quarter end. See K-RERA quarterly updates and the late-filing penalty.
- Annual audit report in Form-7 — the audit of the project accounts within six months of the year end and the report on the K-RERA portal, where we are the promoter’s statutory auditor. See the K-RERA annual audit report.
- Registration and cost estimates — the estimated cost of the project and the financial information that goes into registration, and whether a project or phase has to register at all. See which projects need RERA registration.
- Extensions and delay — the financial position and the cost-to-complete working behind an application to extend registration, and the interest exposure on delayed possession. See extension, delay and interest under RERA.
The calendar, in outline
| Obligation | When |
|---|---|
| Quarterly update on the K-RERA portal, with Forms 4, 5 and 6 | Within 15 days of each quarter end: 15 July, 15 October, 15 January, 15 April |
| Withdrawal from the RERA designated account | Each time, against the architect’s (Form-5), engineer’s (Form-6) and CA’s (Form-4) certificates |
| Audit of project accounts and annual report (Form-7) | Within six months of the year end; for FY 2025-26, K-RERA has set 15 November 2026 |
Every obligation, event-based ones included, is in the RERA compliance calendar for Karnataka promoters, with a downloadable checklist.
Where RERA meets GST and income tax
What you report to K-RERA each quarter is visible to the tax department, and it is compared with your GST returns. Bookings and collections that appear in one and not the other are the most common source of notices to developers — see RERA filings vs GST returns. The project-wise cost records the RERA certificates need are also the ones that decide the tax position at the completion certificate, covered in unsold inventory at the completion certificate. The wider tax work for developers and landowners is on real estate and developer taxation.
How the work runs
It starts with the registered estimate and the cost ledger for the project. Each quarter, the bookings, collections and cost incurred are reconciled to the RERA account statement and to the GST returns before the update is filed. Withdrawal certificates are issued against that same reconciled position, so the annual audit at the year end confirms figures that have already been checked four times rather than reconstructing them.
Certificates are issued by a practising chartered accountant and signed with a UDIN. Karnataka separates the two roles: the Form-7 annual report comes from the promoter’s statutory auditor, and the Form-4 withdrawal certificates from a different firm. For any promoter we take one of those roles, never both, and the other firm works from the same reconciled quarterly position.