A Real Estate project can be advertised after registration with concerned real estate regulatory authority subject to compliance of the necessary directions as per the provisions of The Real Estate (Regulation and Development) Act, 2016 (RERA). (1) The advertisement materials under RERA may include any materials describing the details of project which is marketed and […]
Section 15 of Real Estate (Regulation and Development) Act, 2016 Obligation of Promoter in Case of Transfer of a Real Estate Project to a Third Party Post enactment of the Real Estate (Regulation and Development) Act, 2016 (Act) is seeing consolidation in Industry for the reasons of – 1) Financial constraints in completing the development […]
Hello Readers, The Complete guide series has been started to enlighten budding entrepreneurs, startups, investors in relation on restaurant industry, towards the field of Accounts, Taxation and several inputs, recommendations, suggestions provided by some of the entrepreneurs in the said industry. Our Team would be dedicated to providing data with respect to Registrations, Legal Process, […]
In case of M/S Polycab Wires Private Limited, it was held that ITC would not be available for the goods distributed free of cost under CSR activities. In case of M/s Indian Institute of Corporate Affairs, it was held that the amount paid by the companies to external agencies for CSR activities to undertake specified projects would be considered as ‘Consideration’. Thus, executing CSR activities as per companies’ direction would be interpreted as Supply, and GST would be applicable on the same.
Every supplier who makes supply of taxable goods and services or both needs to take registration under GST if his aggregate turnover in a financial year exceeds the threshold limit. The Threshold limit for taking registration are as follows: In case of supplier of services – Rs. 20, 00,000 (Rs. 10, 00,000 for states of […]
E-Assessment Scheme 2019 Finance Minister’s Budget Speech 2019 The Hon’ble FM, in her Budget Speech on 5th July 2019 announced: √ Faceless assessment in electronic mode √ With no human interface √ To be launched in 2019 in a phased manner √ Notices to be issued electronically by a Central cell √ Cases to be […]
What is happening today? Today, under the mandate of the G20, the OECD Inclusive Framework has just presented a new stage of the BEPS 2.0 initiative, to address the challenges of taxing multinational corporations in the digital era. Previous attempts at tax reform have only tried to plug the holes in our international tax system […]
Effective from 1st October 2019 vide Notification no.20/2019-Central Tax (rate) dated 30th September 2019, a few entries have been inserted/amended with regard to job work rates in the primary rate Notification no. 11/2017-Central tax (rate) dated 28th June 2017. After the amendment in the said Notification, Heading 9988 reads as follows:
Two Persons arrested for involving in fake invoices racket & fraudulently availing Input Tax Credit The Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit (GZU), Haryana has arrested two persons namely Sh. Gulshan Dhingra resident of Ramesh Nagar, New Delhi and Sh. Sanjay Dhingra resident of Punjabi Bagh, New Delhi who were found involved […]
Siddhabali Stone Gallery Vs State of Gujarat (Gujarat High Court) Considering the documents placed on record which reveal that the petitioner had paid the integrated goods and services tax on the goods in question at the time of import thereof as well as the fact that after the conveyance came to be intercepted, the petitioner […]
