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With the motive to encourage the environment-friendly automobile fuel, Auto LPG industry is looking forward and behesting for the contraction in GST rates on LPG conversion kits for automobiles from the current 28% to 5%.
GST has strategized to help and support the consumption-led states which could result in much higher revenue growth as compared to the manufacturing states. Getting a place in the Compensation list, the States would on a Guarantee basis, be showing revenue growth of 14% on the FY16 base.
Through a recent announcement, the real estate sector witnessed huge leverage in the GST charged on its various segments.
Under section 80D of Income Tax Act, Tax deduction on Health Insurance Premium confirms the exemption on the premium paid for the health policy taken for himself or the children.
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 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.
The PDF format for the multiple GST return forms under Goods & Services Tax has been notified by the Government. In this article, we would be discussing the structure and PDF format of GSTR 5, GSTR 5A, GSTR 6, GSTR 7 & GSTR 8
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.
Tax officials propagated that the Income Tax Department has introduced a modification in the process of issuing refunds to the taxpayer. The department used to issue refunds to taxpayers either in their bank accounts or through account payee cheques, depending on the category of taxpayers. But from this assessment year, tax refunds will be issued […]
