Category: GST

By Archit Gupta The filing of the first annual return for FY 2017-18 is due in roughly three months. It covers a period of nine

By V S Krishnan After long deliberation, the goods and services tax (GST) was implemented in July 2017. Nearly two years have passed since, and there’s a

By Prashant Deshpande The GST Council at its 34th meeting on 19 March 2019 laid down the roadmap for implementation of the recommendations made in the previous

Sudipta Bhattacharjee, partner (tax controversy management & contract documentation), Advaita Legal, explains why the tax still vexes the real estate sector: Several clarifications on real estate emerged from the 34th GST Council

Faced with the big challenge of tackling fake invoicing in GST regime, tax officials are looking at different strategies to curb this menace and shore

Many claim that by giving the option to choose from the rates, the Centre has side-stepped from its responsibility, and the move would make the

लोकांचे समाधान करता येत नसेल, त्यांच्या प्रश्नांची उत्तरे देता येत नसतील तर गोंधळाची स्थिती निर्माण करायची आणि आपण घेतलेल्या उलटसुलट निर्णयातच लोकांचे हित आहे, असा

Another important aspect clarified by the GST Council is to treat projects with up-to 15% commercial space as residential property. The 34th GST Council meeting held on

The GST Council Tuesday approved a transition plan for the implementation of new tax structure for the real estate sector with applicable rules for housing units being applicable from April 1,

The GST Council on Tuesday allowed builders to choose between the old and new GST regimes for projects that will remain unfinished as on March

Ahead of the GST Council meeting on Tuesday, West Bengal Finance Minister Amit Mitra has proposed that the new goods and services tax (GST) rate for ongoing residential housing projects be made optional.

Both consumers and builders were delighted with the reduction in the GST rates announced by the GST Council in a recent meeting. The reductions were quite impressive as the

The National Anti-Profiteering Authority (NAA) Friday said companies are free to offer volume benefit or price reduction to consumers, in the wake of rationalisation of GST rates. To evaluate cases of

A number of complaints have been filed against real estate companies in the National Anti-Profiteering Authority (NAA) in major cities for not passing on the benefits of the goods and

The government of Maharashtra promulgated an Ordinance on March 6, notifying a scheme for settlement of tax arrears, as a logical follow on to its state cabinet

The GST Network Tuesday said businesses registered under GST can now compare the tax liability declared as well as input tax credit claimed in their

Q. Are we required to pay GST on fees for import licence and composition fees for regularisation of defaults that we pay to JDGFT? In my opinion, “Yes”, if

Indian businesses that paid most of their goods and services tax (GST) liability using input tax credit or reported asignificant variation in turnover are being queried by