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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.
Supply of goods and services or both under GST Law is Taxable. If there is no supply than no GST levied on it.
The goods and services tax (GST) is a value-added tax charged on most goods and services sold for domestic consumption, introduced by the Constitution Act in 2016.
GST Council has from always been an Institution known not just for ensuring the better implementation of GST in the country but also had stood strong on the anti-evasion measures.
Recently, the Indian government has introduced some changes in the credit utilization mechanism under GST wherein the companies initially have to settle down the tax liability by availing IGST credits even before the utilization of central GST (CGST) and state GST (SGST) credits.
The Jammu & Kashmir Chamber of Commerce and Industry (JCCI) conducted a meeting on 13 February 2019 wherein the president Rakesh Gupta called the commissioner commercial taxes PK Bhat in the office to discuss the issues relating to GST returns.
