the IT-backbone provider for GST, on glitches in the system that derailed the anti-tax evasion electronic way bill system on the very first day of launch.

The government on Thursday postponed implementation of the e-way bill requirement for movement of consignments in the GST regime after technological glitches led to disruption in trade.

The real estate industry in the year of 2017 was remarkable and very challenging because of various changes like RERA, Demonetization and GST with the promise and growth in the year of 2018

The Central govt. has issued some clarification regarding levy of GST on supply of service of accommodation of services which are discussed as

According to GST law, Every Person is required to get registration under GST law if Turnover of its business exceeds Rs. 20 Lakh (in some specified states it is Rs. 10 Lakh). The meaning of Turnover is expressly defined by GST law under Section 2 as follow: Aggregate Turnover shall include all taxable supplies, exempt … Continue reading “Meaning of Aggregate Turnover under GST Law”

The Goods and Services Tax (GST) revenue is expected to escalate by 20-25% after the commencement of electronic way (e-way) bills. This will track

Business with turnover up to Rs. 1.5 Crore can now file their Goods and Services Tax (GST) Returns for the months of July-September till January 10, 2018

The Goods and Services Tax (GST) Council to acknowledge merging the triplicate GST Return forms to assuage the procedure of filing returns.

For last 7 years, the real estate in Hyderabad has been in inactive stage which is now seeing an increment of 30% in residential sector since 2014.

Since there has been slowdown in the registration of layouts and projects under the RERA. It has resulted in a dip in collection of stamp duty and revenue loss to the government.

Implementation of RERA Act, 2016 will boost the Non-Resident Indian sentiments on Indian real estate sector, say market experts.

Realty major DLF sold housing properties worth of about Rs 300 crore in Gurgaon in November when it reopened sales after five months of suspension.

NHB is in talks with the authorities to lower the effective GST rate from current 12% after factoring the lowering of land prices that could ease the tax burden and help in prop up residential sales

The finance ministry on Tuesday urged businesses to revise any wrongful claim of tax credits from the previous indirect tax regime saying that “extraordinarily high” claims unsettles the trust between firms and the tax authorities. In a statement, the ministry warned that assessees who have erroneously claimed tax credit from the previous regime should correct … Continue reading “Revise Trans-1 by 27th December to ensure bonafide credit claimed”

Soon travel packages to become cheaper. The government is looking at a proposal to allow tax credits to tour operators, which will reduce the incidence of the goods and services tax on those booking holidays. In the last Goods and Services Tax (GST) Council Meeting, the said issue was discussed but the solution to it … Continue reading “GST to make travel packages cheaper next off tax credit’s review”