GST on Real Estate: Taxability of Construction and Sale of Apartments
Real estate is a critical industry for infrastructure development. It also works as an investment option, offering both capital appreciation and rental income.
Tag: GST
GST beyond tax collection
During our school days, we have learned that taxes are broadly classified into two categories Direct tax and Indirect tax.
GST on Rent-Free Use of Commercial Property by Related and Distinct Persons
Goods and Services Tax is generally levied when goods or services are supplied for consideration. However, GST law contains an important exception: certain transactions are treated as supplies even when no money is paid.
Section 16(2)(c) and Supplier Default: The Compliance Checklist for Recipients
The long-running controversy over section 16(2)(c) has now reached its conclusion on the constitutional front.
Section 16 ITC: From Entitlement to Evidence
Input Tax Credit (ITC) is the economic heart of GST. It is intended to neutralise the cascading effect of tax by allowing credit of input tax paid at an earlier stage against the tax payable at a subsequent stage.
Is a Time Limit for Claiming ITC under Section 16(4) of the CGST Act, 2017 Necessary?
Every legal system must eventually bring the past to a close. A claim cannot remain open indefinitely, and a tax period cannot remain permanently unsettled.
9 year of GST Journey still needs #simpifyGst
In past 9 Years after Parliament made GST Law and court are working interpretation for GST laws .
Goods and Services Tax (GST): Transforming India’s Indirect Tax System
Goods and Services Tax (GST) is a comprehensive indirect tax reform implemented in India on 1 July 2017.
RERA Provisions and GST: Challenges in Joint Development Agreements (JDAs) and Case Law Analysis
The Indian real estate sector has been reshaped by two landmark reforms: the Real Estate (Regulation and Development) Act, 2016 (RERA)
Rajasthan govt seizes 44 vehicles in 3 weeks in tax evasion crackdown
Rajasthan’s Commercial Taxes Department has cracked down on tax evasion, seizing 44 vehicles in three weeks ending on September 3. The vehicles were impounded due to discrepancies between actual cargo and billed quantities, an official of the Commercial Taxes Department…