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Construction of immovable property may be considered as “plant” for claiming ITC if it is critical to business operation: SC Case Laws 03 Oct 2024 HC slams authorities for passing order to replenish ECL with ITC that was wrongly availed Case Laws 26 Sep 2024 ...
GST-Online provides comprehensive & extensive study of GST Provisions & provides an interactive medium between tax payer & administrators. The website contains Articles, Videos and detailed analysis of Case Laws. Recent Posts December 23, 2023 ...
Violation of GST laws No business activity after GST registration in the 6 months subsequently. Non-filing of GST Returns for 3 months subsequently in case of the Composite scheme. Q. How can I take GST registration in another state if I'm already registered under GST?
Know about GST regular updates, gst rules, Taxation, TDS, Company Rules, accouting, nbfc, ibc, rbi updates and Business Laws.
Under the previous excise laws, only manufacturing businesses with a turnover exceeding Rs 1.50 crore had to pay excise duty. However, under GST, the turnover limit has been lowered to Rs 20 lakh, thus increasing the tax burden for many manufacturing startups. This change has posed some cha...
- The rate of tax on a flat under GST is 18% if the Builder has not taken exemption on Land Cost. In case he offers GST on land cost to the Govt., then it will be 12%. There are different rates applicable relating to affordable flats and non affordable flats depending upon the ...
The land was marketed as a development site. The vendor expected, as was the case, that the land would be purchased by a developer, the house demolished, and new units built on the site. The vendor treated the sale as a taxable supply. After settlement, the purchaser contended that the ...
Pramit Pratim Ghosh,September 4, 2024 GST payment is one of the major requisites for a business to stay compliant according to tax laws in India. As per the guidelines, every registered business must make monthly GST payments along with the submission ofGSTR-3B return. ...
In case the Registered person wants to invoke rectification, he has to submit the application in the prescribed format within 3 months from the date of passing of the Original Order and the rectification order in Form DRC 08 should be passed within 6 months from the date of original order Th...