Goods and Services Tax - Introduction In the case of construction projects, it is common to enter into development agreements where the developer undertakes to develop property (residential / commercial) in exchange for the development rights given by landlord. Consideration for such development rights is determined based on some agreed ratio of constructed area ...
Goods and Services Tax - Notification No. 4/2018-Central Tax (Rate), dated 25th January, 2018 has clarified taxability of development rights under redevelopment schemes but it has still left many questions unanswered. This Article is an attempt to offer my views on the controversial topic. Under redevelopment schemes, societies plan to undertake redevelopment of ...
Goods and Services Tax - Recent GST Council meeting decisions under which, were announced in the press conference by the Finance Minister on 06.10.2017, promised great relief to exporters whereby it was declared with big Enthusiasm that the Government will start issuing refund cheques from 10.10.2017....
Goods and Services Tax - Articles deals with following issues related to GST which needs to be taken care of immediately before roll out date of GST 1. HSN /SAC Codes 2. Carry Forward of Cenvat / VAT Credit balance on Inputs / Input Services...
Goods and Services Tax - Following measures can be adopted to curb the practice of undisclosed turnovers in the GST law. 1. Discouraging Without Bill Sales through Denial of Input Tax Credit on such sales 2. Tracking Sales Turnover for restriction on Tax Credit. ...