Powerd By SAG INFOTECH
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These types of taxes paid on Consumption by the consumer but they do not pay directly to the government (unlike income tax). For example, We pay VAT and other taxes on purchasing a product.
SAG Infotech has increased the price of its products including Genius, Gen IT, TDS, Balance Sheet, Gen XBRL, and Gen CompLaw. As per the sources, the company has taken this decision because the products are developed with more features. Therefore, this is a golden chance for you to buy this software with advanced tools. Genius […]
The manufacturer of wagons and other equipment of railways presented their combative grievance to the finance ministry about the inevitable burden of taxes on vendors and Railways because of not passing the input tax credit (ITC) benefits.
Maharashtra Authority for Advance Ruling has recently ruled out the provision for the input tax credit under the gold schemes which are a sales target oriented form of business practice by the companies.
The recent decisions made by the GST council related to levying 1% CESS in Kerala owing to disaster relief and removal of the input tax credit from the real estate sector are somewhat unsatisfactory.
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.
A Hyderabad GST commissionerate order has totally changed the scenario for the late GST return filing taxpayers as they would now have to pay interest on even input tax credit (ITC).
The Telangana government has recently opted to amend the SGST Act which would further help the system to offer a refreshed version of return filing and would also facilitate input tax credit under the GST.
A reduction of 12% GST on ‘housing’ to a toll to 5% without any extension in the benefit of the input tax credit (ITC) to developers, would definitely increase the price of the Apartments and would largely affect the Low and the Middle-income Group.
