In a telling judgment, the Gujarat high court has, in the case of Maxim Tubes Company and Others vs Union of India, struck down the pre-import condition
Category: GST
How GST has simplified the taxable event | Business Standard Column
Those who are quite critical about the actual operation of GST on the field have ignored the continuous and chronic litigation regarding the taxable event in the
Why GST Council recommendations may not bring cheer to real estate sector | Business Standard News
What are the key recommendations? Following changes were recommended with effect from April 1, 2019: (i) GST at 1 per cent, without benefit of input
Biggest triumphs associated with GST is the depiction of cooperative federalism – The Economic Times
By Abhishek Jain A year and a half of this new tax regime, while may have been a roller coaster ride for many, but any rational man
GST collection falls back below Rs 1 lakh crore; Feb mop up down at Rs 97,247 crore – The Financial Express
Giving a jolt to the Modi government, GST collection for February 2019 fell to Rs 97,247 crore from Rs 1.02 lakh crore in the previous
Reduction in GST rate leads to a drop in price? Real estate a test case for broader changes – The Economic Times
For builders, complexity around another change in tax rules is something they will have to deal with. When the rate of tax comes down, the
GST: Govt detects Rs 20,000 cr GST evasion in April-Feb FY’19–Economic Times
urrently, GST has 4-tier slab of 5, 12, 18 and 28 per cent, while essential items are zero rated. The government has detected Rs 20,000
GST: India’s transformational GST has some hits, few misses–Economic Times
By Sumit Dutt Majumder There were certain basic objectives of introduction of GST. One was to substantially reduce, if not eliminate, the cascading of taxes by
A patchwork approach to GST problems – The Hindu
Transparency and simplicity in the tax regime are casualties of the GST Council’s recent decisions It has the best intentions, but the Goods and Services
Taxman agrees GST evasion by builder can’t be tackled – The Financial Express
Given how the real estate sector is such a big source of black money, it is unfortunate that the GST Council has opted for this
Tax boost for real estate | Business Standard Editorials
The Goods and Services Tax (GST) Council has provided a big relief to the real estate industry by cutting the rate on under-construction housing to
GST 2.0: Preparing for integration of e-way bills with GST returns – The Economic Times
By Achit Gupta As we prepare to enter the next phase of GST compliance, e-way bills are set to take centre stage. With the two systems, GST
More defaults on cards? Realty cash crunch threatens stressed shadow banks | Business Standard News
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
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
