There is a provision of inspection which acts as a deterrent for tax evasion. These provisions help restricting tax evaders gain the unfair advantage over authentic tax payers.
Know in Brief – Refunds under GST
Refund refers to an amount that is due to the tax payer from the tax administration. According to section 54 of the CGST Act, 2017, any person claiming refund of any tax and interest
Transitional Provision for Input Tax Credit
Transitional Provision rules, to avail CENVAT Credit, it is important that the person who is willing to take credit is registered under GST and is not a composition dealer as specified under section 10 of COST Act, 2017.
Notice to Developers in Haryana under REDA Act
In this context, the Haryana RERA issued show-cause notices to 10 developers on Friday for advertising their projects without getting registered under the Haryana Real Estate Regulation Act (H-RERA).
Find Whether RERA Registration Impacting Brokers Community in Real Estate.
the real estate brokers are giving their feet some rest, as they are no such deadline for them but in the same line they can only deal in with RERA registered projects.
Is your Restaurant Overcharging You in the Name of GST? Learn How to Decode the Bill.
What will your bill look like after service tax, service charge, and VAT deletion, and at what rate will you get the tax in AC and non-AC restaurants?
MahaRERA Efforts at Peak to Attract Builders for Registration.
MahaRERA allowed developers to advertise and market their on-going projects till the end of 90 days from the date of notification of the Act i.e. till July 31st but after that, they have to register themselves
Union Minister M Venkaiah Naidu Appeal State Not to Miss Deadline: Any Disorder Will Not be Tolerable
The letter states, “If the rules are not notified under the Act immediately and the Regulatory Authority established by July 2017,
Value of Supply
Value of supply is the value on which tax shall be levied. Section 15 of the Central GST Act 2017 states that the value of a supply of goods or services or both, shall be the transaction value.
What is RERA About- Safeguarding the Interest of Buyers or Developers?
1st of May 2017 marked as a revolutionary date in the history of Real Estate sector as on this date “The Real Estate (Regulation & Development) Act” had come in force.
RERA in Tamil Nadu
The Government of Tamil Nadu has missed the deadline for the assurance of RERA Rules although a draft copy has been released which is subject to ratification.
Will RERA and GST be Pier of Realty?
Some amendment is expected with inclination of buyer in the Urban Real Estate market in the country towards the second half of 2017.
Returns Furnishing under GST
Goods & Services Tax (GST) is a comprehensive indirect tax system which works on self-monitoring mechanism. Under GST a normal taxpayer needs to file monthly returns and an annual return.
Provisions for Payment under GST
GST has provided an easy and simple way of payment of taxes. Under GST regime, all the taxpayers will get three electronic ledgers namely
Bhopal, Center of RERA in Madhya Pradesh
Confederation Real Estate Developers Association of India (CREDAI), Bhopal, anticipate around 6% rise in cost of project after GST.