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Punjab cabinet at its meeting chaired by chief minister Amarinder Singh approved an amendment to the GST incentives notified under its Industrial and Business Development Policy-2017.
The GST portal over the last six months has witnessed several changes and updates. All the new updates are rolled out on a regular basis to help and assist the taxpayers in smoothly and effectively filing their GST returns.
Following the recent exemption offered on development rights from the goods & services tax (GST), NAREDCO, the representative of Realtors have asked for clarity from the Ministry of Housing and Urban Affairs through a written note.
On 24th Feb 2019 GST council in its 33rd meeting, Council mulled over the proposals to cut GST rates on real estate. Once the proposals are cleared, buying an under-construction apartment will become cheaper.
This Article deals with defining and categorizing the transactions between the employer and employee from GST point of view.
The suggested GST rate cut on the under-construction houses from 12% to 5% without availing the input tax credit has been appreciated by the developers who think it will boost the demand of the real estate industry.
The GST Council is discussing upon to provide tax relief to the housing sector to promote the demand of the industry. But, the Council is concerned about that at a large scale builders are doing tax evasion so the tax relief framework must be structured in such a manner so that the builders would not do tax evasion.
Today, multiple investor transactions like buying, selling, and switching of share units need to be properly recorded & processed by mutual fund houses, public-trade companies, and other financial institutions. These financial institutions have to maintain proper records of all such investor transactions for offering uninterrupted client services. A Registrar and Transfer Agent is an authorized […]
Maharashtra State officers endorsed a proposal that looks for the resolution of all the taxation-related discords and disputes pending prior to the Goods and Services Tax(GST) era.
