For shadow banks, defaults would raise the risk of a repeat of last year’s funding freeze India’s property developers are finding it hard to borrow
Category: GST
GST cut in housing is a mixed bag–Times of India
The GST Council on Sunday reduced tax rates on under construction housing and affordable housing. From the standpoint of economic activity a higher incidence of
Pre-poll gambit: on reduction of GST on under-construction properties – The Hindu
Reduction in rates brings cheer to real estate sector, but unsettles the GST regime On Sunday, the Goods and Services Tax Council recommended a dramatic
GST relief for realty at last, tax lowered on under-construction homes – The Economic Times
In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without input tax credit, from
Explained: What GST rate cut for real estate mean for home buyers | Explained News, The Indian Express
The reconvened meeting of the 33rd Goods and Services Tax (GST) Council on Sunday lowered GST rate for under-construction housing to 5 per cent (without input tax
GST: A perfect tool for SME growth – The Economic Times
By Praveen Kutty The Government of India commemorated July 1, 2018 — the first anniversary of the Goods and Services Tax — as GST Day. During the past year, the government earned an
GST–Guest ouse for employees a perk, cannot claim GST input credit rules Odisha AAAR – The Economic Times
For businesses, it will be a setback that facilities like guesthouse that carry certain expenditure, does not qualify for input credit. A new ruling by
GST cut: States warn of large-scale tax evasion by builders – The Financial Express
GST cut: States warn of large-scale tax evasion by builders While there is a general consensus in the GST Council about the need to give
West Bengal FM Amit Mitra wants 1% GST rate for houses up to Rs 40 lakh | Business Standard News
Ahead of the second round of the GST Council meet on real estate on Sunday, West Bengal finance minister Amit Mitra has come out with his proposal
GST: Ice cream, tobacco, pan masala to be excluded from higher threshold limit – The Hindu BusinessLine
Entities engaged in businesses of ice cream, pan masala and tobacco will not be eligible for the proposed higher threshold limit for mandatory registration and
GST Council may take up exporters’ plea to switch to better duty refund option – The Hindu BusinessLine
Recommendation made by committee of CBIC, DGFT officials to be examined The GST Council may take up a plea by exporters to be allowed to
Importers, Tax dept approach Supreme Court over GST “self-assessment” – The Economic Times
If an importer has paid higher tax can he get a refund after finding his own mistake? About 25 importers are fighting the tax department
GST Council extends deadline for sales returns till February 22, defers decision on real estate tax – The Hindu BusinessLine
GSTR 3B filing date extended till Feb 22 The Goods & Services Tax (GST) Council, for the first time on Wednesday, adjourned its meeting to
GST–Anti profiteering in GST– Is litigation an option? – The Economic Times
By Bela Sheth Mao ‘To be or not to be’, is the famous quote from Hamlet that has been used as a metaphor to find
GST: Revenue department to set up committee to deal with bogus e-way bills – The Economic Times
The revenue department is planning to set up a committee of tax officers to suggest steps to deal with bogus e-way bills. Many instances of bogus e-way
Important changes made in GST rules | Business Standard Column
A number of important changes in the goods and services tax (GST) laws have taken effect from the beginning of this month. Some of these relate to
Flow of credit, caution listing, GST refunds a concern for exports: Industry tells govt – The Economic Times
Industry body CII also emphasised that it is critical to address issues related to trade financing, incentives and logistics, to help exporters become globally competitive.
Credit Utilisation: Companies stare at cash flow problems due to new credit utilisation rules–Economic Times
A tweak in the rule of how Goods and Services Tax (GST) credit should be availed is set to create a major cash flow problem
GST: threshold raised for suppliers of goods in most States – The Hindu BusinessLine
From April 1, all the States barring Kerala and Telangana, and two Union Territories (with assemblies), will have higher annual threshold limits for mandatory registration
‘MEIS benefit available for export realisation in rupee through Vostro a/c’ | Business Standard News
We have made a shipment denominated in Indian rupees to Thailand. We have received the payment through banking channels and our bank has informed us
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