On another hand, if you have purchased an under-construction property, it will be considered as rendering services under GST and you are liable to pay taxes on it. As per the GST rules, construction of a building, complex or a part of it, intended for sale to a buyer, levies GST on...
GST council had slashed GST rates for under construction flats from 12% to 5%, and in the a Read More 01 Jan 1970Posted By: E-StartupIndia 4 New Changes to be introduced in the E-Way Bill Portal The GST department has so far brought a number of changes in the E-Way Bill system...
It has been decided by the Government to cut the GST rates for more than half of the existing, i.e, to 5% from 12% for the under construction projects. It has been a wide range in the Housing area where the GST rates have been cut and have been abolished in some cases. The First...
Previously, buyers of under-construction properties had to payVAT, Service tax, Registration fees, and Stamp duty. Furthermore, because state levies such as VAT, Registration fees, and Stamp Duty were imposed, property prices differed from one state to the next. Furthermore, contractors were requ...
GST council had slashed GST rates for under construction flats from 12% to 5%, and in the a Read More 01 Jan 1970Posted By: E-StartupIndia 4 New Changes to be introduced in the E-Way Bill Portal The GST department has so far brought a number of changes in the E-Way Bill system...
One of the unique features of Australia's GST is the margin scheme applicable to supplies of immovable property, which has important implications for property transactions and GST revenue, particularly since these transactions generally involve large investments. The margin scheme did not only serve as...
The decision in Safari is a High Court decision which maybe relied to avail credit pertaining to construction of building and other civil structures, meant for own use in business, and which are capitalized in books. Such credit which was not availed in past maybe availed now for 2018-19[...
what is the tariff rate on tansibal goods and imovale property like rent receive from tenant mukesh chandra jha Sushil Talesara:On 28 June 2017 Plz provide HSN code for JOB WORK of Electric meter assembling work for a electric meter company and also provide GST rate on this job work ...
GST is applicable on sale of under construction property or ready … [Read more...] about Effective rate of tax and credit available to the builders for payment of tax are summarized in the table for pre-GST and GST regime Extension of due dates for filing GST returns November 28, 2018 ...
SCN and Order uploaded under Heading "View Additional Notices and Orders" not proper service Bimal Jain04 January 2025 at 15:27 The Hon'ble Delhi High Court in the case of Bablu Rana v. Proper Officer, SGST [W.P. (C) No. 9394 of 2024 dated July 11, 2024] allowed the writ petition...