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The Bombay High Court has accepted a plea against bringing the transfer of land under JDA within the GST ambit. The plea was filed by Real Estate Developers following a GST notification.
Chief financial officers of MNCs are now betting on the positive side of the goods and services tax as almost 77 per cent of the CFOs accept that the GST is worth for implementation.
GST is about to complete a year on 1st July, but still, people are confused between the banking services which attract GST and which are not.
Bullion Gold Dealers and Jewellers claim that post the implementation of goods and service tax, the illegal trading of Gold has increased manifold.
Recently in Allahabad high court decision, it was stated that the goods can’t be seized in the case of non-filing of E way bill Part-B and that too within the distance of 50kms.
GST is about to get a year old. And post discussions and reviews, the Central Government is set to introduce a total of 35 amendments.
The RERA was introduced in 2016 but became fully functional in 2017. All 92 provisions came into effect in May 2017. This was followed by the introduction of GST in July 2017. And with RERA and GST, India’s two long-awaited needs were fulfilled:
The last date for sale of pre-GST packaged goods has now been extended till July 31. The pre-GST goods, however, must be sold with stickers on them and must reflect the changes in MRP (increase or decrease) post-levy of the new GST rates.
India doing well in the ease of doing business criteria means an increase in foreign investments but India’s domestic industries are still getting at ease with GST.
