Dear Colleagues before going to subject we have to refer the meaning of the below words under GST Scenario. Meaning of Repairs: The meaning of Repairs has not defined in the GST Law,2017. The TERM Repairs means :- (a) To restore by replacing a part or putting together what is torm r broken, fix a […]
Before discussing the Subject ‘GST on Lease & rental Services With or Without Operators’ it is important to under the meaning of Lease, Rental and License. 1. Meaning of lease under GST Scenario: A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (Owner) for use of an asset. Like […]
Meaning of Specialized Construction Services: Specialized Construction Services means services related to parts of buildings or civil engineering works rather than the complete construction Services under GST Scenario. These following services are classified as ‘Specialized Construction Services’ under GST Scenario. 1. Services involving repair, alterations, additions, replacements, renovation, maintenance or remodeling of the buildings , […]
GST on Transfer of development rights or long term lease by landowner to promoter Dear colleagues, before going to subject we have to refer an important definitions of the following words as per GST Law,2017 for more clarity. 1. Meaning of Development Right: The term development right has not been defined in the GST Law […]
As per the GST (Goods and Services Tax) law, construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer is a supply of service and hence, is liable to the goods and services tax (GST).
I recently received a communication from a reputed association from New Delhi that the Hon’ble Union Finance Minister discussed in a meeting with Stake Holders at Delhi on problems in implementation of GST and most of the stake holders expressed their dissatisfaction about implementation of GST and solvation of difficulties faced by the stake holders […]
Dear professional colleagues, I have received queries from our friends on services relating to ‘Real Estate Services‘ especially services involving in owned and leased property under GST Scenario. I thought and come to the conclusion to prepare an article on the above subject with my little bit knowledge under GST Scenario and share to all […]
Dear Professional brothers and sisters I have a thought in my heart that what is the definition of PRACTITIONER and what is his ‘ROLE IN BUSINESS SOCIETY”. So, I am preparing this article for dedicated to my professional brothers and sisters. Kindly read and think I am correct or not and kindly give your valuable […]
Article on impact of circular No. 123/42/2019 –GST dated.11.11.2019 (Restriction in availment of input tax credit of sub-rule (4) of rule 36 of CGST Rules, 2017) under GST Law, 2017) on business community under GST Scenario. Dear Colleagues, good morning. You are all aware that CBIC has given Circular on Restriction in availment of input […]
Manner of distribution of credit by Input Service Distributor: As per Section 20(1)of CGST Act,2017 states that the Input Tax Service Distributor shall distribute the credit of central tax as central tax or integrated tax and integrated tax as integrated tax, by way of issue of a document containing the amount of input tax credit being distributed in such manner s may be prescribed.
