I had the opportunity to listen to Mr. Yashwant Sinha, former finance minister of India speaking his mind in a webinar organized by the Cochin Chamber of Commerce on the 20th of November 2021. He spoke for over an hour and took several questions from the participants. The crux of his delivery is reproduced here […]
Under the Goods & Services Tax, a taxable event is the supply. A transaction must fall within the four walls of the term ‘supply’ for applying the levy and collection provisions envisaged in the GST laws. Liability to pay tax ensues at the time of supply of goods or services. The term supply is not […]
In case of transferable development rights and long term lease by a landowner to a developer shall be exempted subject to the condition that the constructed flat are sold as under construction property and applicable GST is paid to the government.
