The Narendra Modi government at the Center had said in February this year that the delay in filing an Income Tax return was a maximum of Rs 10,000. However you do not have to worry about it anymore. This plan will not apply this year, but from 1st April next year.
Goods and Service tax will be one tax to subsume all taxes. It will bring in the To maintain a check and examine whether correct GST is being paid and the refund is claimed…
On Friday night, like the clock fork will play 12, the new tax system Goods and Services Tax (GST) will be launched all over the country. There are some such places where after the independence, the biggest tax reform will be affected immediately after its implementation.
E-commerce retailers are trying their best to finish their pending stock. They are luring customers by giving discounts.
Indian Railways can also face some problems with Goods and Services Tax (GST). This can increase the cost of railway signaling, telecom, electrification and new coaches, locomotives and wagon.
Thousands of business people trying to get the registration of Goods and Services Tax (GST) are facing a lot of trouble these days. With the migration of existing registered businessmen, for the new registration, the load on GST of GST opened on June 25 for gst.gov.in is so much that the site is being open very difficult.
Under the GST, there is a provision of tax concession in the real estate projects that the land value is less than 33%, but in some cases it can show the cost of builders and the reverse of the customer’s pocket.
Taking a strong note of builders and construction companies forcing buyers to make full payment before the roll-out of the Goods and Services Tax (GST) on July 1, the Center has warned builders of punitive action for trying to mislead home buyers that they will have to pay more tax under the GST regime.
Government of Maharashtra notified RERA rules and established Maharashtra Real Estate Regulatory Authority (Maha-RERA), vide Notification dated 8 March 2017, for regulation and promotion of real estate sector in the State of Maharashtra.
Buyers will get a more transparent property search, sourcing and purchase experience with the legislation being followed in letter and spirit.
The transitional provisions are made part of GST Act, to ensure a smooth and logical transition of Credits of Input Tax for taxpayers who are transforming from the existing tax regime to GST regime.
Patients are worried about the possibility of a shortage of medicines because stockists and trade channels, uncertain about modalities of the implementation of the Goods and Services Tax (GST), are attempting to reduce stocks in trade.
A record of goods lost, stolen or destroyed as well as those given as free sample and gifts will have to be maintained under the new goods and services tax regime, which kicks in from 1 July.
The Assessee is responsible for correct solution of income tax liability of their employees, deduct appropriate amount of income tax and deposit it with the government. If you’re a salaried individual, you can claim House Rent Allowance (HRA) to meet your rented accommodation-related expenses. Salaried individuals who live in a rented house can claim this exemption … Continue reading “How Much HRA is Exempt From Tax? Let’s Discuss”
CBEC has released 2nd edition of FAQ clarifying Central Goods and Service Tax (CGST) Bill, Integrated Goods and Service Tax (IGST) Bill, Union Territory Goods and Service Tax (UGST) Bill and the Goods and Service Tax (Compensation to the States) Bill passed in the Lok Sabha.
join For Updates