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Ca. Jayesh Gogri

Latest Posts by Ca. Jayesh Gogri

GST on Real Estate – Joint Development Agreements (JDA)

December 8, 2022 27051 Views 1 comment Print

Under joint development agreements, two or more parties join hands to carry out a common project for a profit. Typically, parties work on principal-to-principal basis and divide roles and responsibilities on the basis of experience, and resources of each party. Say, landowner brings in land and developer undertake construction on such land.

Key Takeaways for real estate industry from recent Gujarat HC Decision on GST

May 11, 2022 16338 Views 7 comments Print

Recently, honorable Gujarat High Court in case of Munjaal Manishbhai Bhatt vs. Union of India[1]on 6 May 2022, disposed off few matters relating to the GST on land in transactions of under construction bungalow/flat/unit/s sold by the builders to the buyers.

An analysis of Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Scheme, 2022

March 29, 2022 11307 Views 0 comment Print

Government of Maharashtra has proposed to introduce an amnesty scheme to be called as Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee 2022

GST and Service tax on redevelopment of societies

January 28, 2022 20598 Views 0 comment Print

GST and Service tax on redevelopment of societies 1. GST and service tax on flats given free of cost to members of the society has been a bone of contention 2. Even though Hyderabad bench of honorable Tribunal in the case of Vasantha Green Projects [2019 (20) GSTL 568] has held that when the developer […]

GST: 3 important takeaways from a recent Tribunal order…

August 19, 2020 11523 Views 0 comment Print

 It is an ongoing debate since Service tax days that which functions of the Government are taxable and which are exempt. Recently Bangalore bench of the Tribunal has analysed this complex issue and here are the three major takeaways from the landmark decision on this issue…

ITC- Interesting Tax Confusions

September 8, 2019 40932 Views 19 comments Print

1. ITC is available only if the supplier has deposited it with the Government:2. ITC is not available in respect of goods/ services used for construction of immovable property 3. ITC cannot be availed once the due date of submitting GSTR 3B of September of the next financial year is over 4. ITC is not available in respect of motor car 5. ITC is not available in respect of food and beverages: Composite supply

Here is the handy and easy tool to handle difficult GST…

August 10, 2019 3264 Views 0 comment Print

What is needed by a GST certifier in the pressing times of completing GSTR-9C? What are the essentials of a GST practitioner to advise a client? What does a GST taxpayer need to know to effectively comply with the law? What does a GST administrator need to implement the law? May be common answers to above questions could be as […]

Real estate and GST – 8 critical issues you must know about recent proposed amendments

March 22, 2019 6084 Views 0 comment Print

In its 34th meeting, the GST Council, in its much- awaited attempt to revamp the GST structure (or simplifying the GST framework) for the real estate sector has put across some path breaking propositions. However, we need to deliberate whether the propositions are indeed path breaking and may bring about simplicity in GST framework or it may prove to be a nightmare for the real estate sector.

Valuation and Job Work under GST

January 12, 2017 19006 Views 0 comment Print

With the passage of the Constitution (122nd Amendment) Bill, 2014, (popularly known as GST Bill) in Parliament, a uniform indirect tax regime across India is one step closer to the reality. The amendments to the GST Bill as passed by Rajya Sabha have also been adopted by the Lower House on 8th August 2016.

Scrutiny of Service Tax and Central Excise Returns

July 27, 2015 5853 Views 0 comment Print

The provisions pertaining to filing of returns/declarations/forms under Central Excise and Service tax law are based on the principal of ‘self assessment’, which means that every assessee should make true and correct disclosures in its returns and pay the taxes due.

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