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Any Joint Development Agreement or JDA of commercial project or sale of development rights is not exempted from GST. For now, it is mandatory to clear all sorts of confusion on GST rates for Joint Development Agreement or development right sale, especially for commercial projects. While certain exemptions are allowed for the transfer of development […]
Society of Indian Automobile Manufacturers (SIAM) has recommended that to reduce the tax rates on electronic vehicles from 12 percent to 5 percent under GST to promote such vehicles in India, apart from providing one-time Income Tax (I-T) deduction of 30 percent on prices of e- vehicles for non- financed buyers.
Measures for defending the MSME sector from suffering more due to high GST rate – The Consumer Price Index (CPI) is in the midst of the preparation process of a memorandum on the GST for the MSME sector, which is under crisis due to high tax rates. In the scenario when various industrialists and sectors […]
The highest tax rate slab of 28% has become a matter of agita for the whole nation. Now the items under this rate slab will be dug deeper in order to metastasize them out of this GST bracket to snip the cut back in demands. The F.Y. 2019 proved to be the floundering one with […]
Again the high court’s intervention has been requisitioned by the big section of Indian exporters. This is due to the abbreviation of the benefits of the EPCG (Export Promotion Capital Goods) scheme under the (goods and services tax) GST regime. Under the GST regime, the discontinuation of some of the perks under EPCG scheme led […]
Post-election Goods and Services Tax (GST) Council meeting is anticipated to take into account the different rate slabs for the textile. This is the first meeting after the elections which is going to held in the initial half of this month and rationale the divergent rates of textile products under the textile sector. “Removal of […]
The Indian companies from all the sectors including consumer durables, real estate and automobile manufacturers are currently trying hard to get GST rate cut on their goods and services. The consumer durable industry had said that the high 28 per cent GST rate must be reviewed. As per the official from a reputed consumer durable […]
The taxpayers in India have got a big relief ever since the government passed the new GST Act. With the implementation of the new GST Act, the cascading effect of various taxes has been diminished by the government to a greater extent. Thanks to the new GST regime based on the ‘One Nation, One Tax‘ […]
As per the Economic point of view of the OECD, there will be an increase of 7.50 per cent in the strength of the Indian economy by the year 2020. A new income scheme will be set for the small farmers will help in rural utilization. There will be an increase in Investment growth because […]
