Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
As per a recent ruling from the Maharashtra Appellate Authority of Advance Ruling (AAAR), the housing society is ineligible to claim ITC on contract services acquired from their designated contractor. This is due to the ineligibility of housing societies to claim ITC on repairs, rehabilitation and renovation work. A two-member bench comprising Ashok Kumar Mehta […]
In recent times, the finance ministry circular has again announced that the resident welfare association having 20 lakh or more annual turnover or if they charging INR 7500 per month must pay GST on certain conditions. Also, the Maharashtra Appellate Authority for Advance Ruling (AAAR) for GST has stated the same for all the RWA. […]
Regarding an application filed by the application, the Maharashtra Authority of Advance Ruling (AAR) stated that “Goods and Service Tax (GST) given by any co-operative housing society toward the maintenance charges, which is paid by its members are not eligible to claim the Input Tax Credit (ITC) in the case of replacement of existing elevator […]
Definition of Section 80P for Co-operative Society A cooperative society is not being found out, particularly for the intention of section 80P. But section 2(19) of the Income Tax Act, 1961, defined the co-operative Societies Act, 1912 or beneath the additional law of controlling the enrollment of the co-operative societies in any state. Section 80P […]
Realtors council Credai urges for input tax credit (ITC) beneath GST guidelines and must permit the real estate builders to state that it can be directed towards the reduction of the cost by 10%. Credai, which has 13,000 members in real estate building, has sought the Union government to provide an input tax credit to […]
Approximately 70,000 co-operative Housing Societies have noticed crossing an annual turnover of Rs. 20-lakh in Mumbai, Maharashtra have to register under new indirect tax regime, as per the report generated by The Times of India.
In a recent ruling, the Gujarat Appellate Authority for Advance Ruling (GAAAR) held that 18% Goods and Services Tax (GST) is pertinent to the services supplied via the sub-sub-contractor to sub-contractors. M/s Shreeji Earth Movers (sub-sub-contractor), the petitioner who is the work contractor and operates and performs the composite supply of works contract as specified […]
Buyers of houses that are still under construction will be pleased by a recent Appellate Authority for Advance Rulings (AAAR) judgment in the instance of a Thane-based developer since it could result in lower costs. The appellate bench ruled that the charges towards various services obtained via the developer, Puranik Builders, like water connection, electric […]
The Delhi Bench of Appellate Authority for Advance Ruling (AAAR) stated that the Ministry of Housing and Urban Affairs (MoHUA), does not exempt from Goods and Service Tax (GST) on the sale of commercial built-up areas. The petitioner, NBCC India Ltd is a Government of India company whose operation is a project management consultancy, real […]
