Read Also:GST: Impact of New Taxation Structure on Works Contract Apart from this, from the buyers point of view, as such no changes in GST rates on affordable housing has been made by the government. Buyers will still have to pay 12 percent GST on affordable housings. However, buyers wil...
We need to get clarity on this,” said Niranjan Hiranandani, national president, NARDECO. It has been already been clarified by the Ministry through an announcement that the scheme would be detailed and would be worked out by an officers committee and later it would get approval from the GST...
Composition Scheme rates: 1% to 6% depending on business type (e.g., small manufacturers: 1%, restaurants (not serving alcohol): 5%) Understanding these rates helps businesses comply with tax regulations and allows consumers to be aware of the taxes they are paying on goods and services. As ...
GST Composition Scheme Relaxation – 23rd GST Council Meeting The government on its 23rd GST council meeting held at Guwahati, Assam on 10th November 2017 has updated the norms for composition scheme. Giving more relaxation to MSME’s of India In yesterday’s meeting, various changes have ...
GST Composition Scheme Relaxation – 23rd GST Council Meeting The government on its 23rd GST council meeting held at Guwahati, Assam on 10th November 2017 has updated the norms for composition scheme. Giving more relaxation to MSME’s of India In yesterday’s meeting, various changes have ...
1.5 crore. Further, the benefit of Composition Scheme is extended to service providers also. New Return filing mechanism is introduced from April 1, 2019 on trial basis. All these initiatives will aid in making the new tax regime more effective and easily compliant. The infinite benefits ...
GSTAT Setup Delayed: Tribunals May Take Another Six Months to Become Operational CBDT Approves Central Power Research Institute for Tax Benefits under Income Tax Act, 1961 GST Appeal Withdrawal Process Simplified: Key Update for Waiver Scheme Applicants More »...
Additionally, he suggested that the government could grant tax holidays and allocate land parcels for the development of these affordable housing units. “Raising the bar on tax rebates for home loan interest under Section 24 of the Income Tax Act is a key proposal. Elevating the current ceiling...
GST Composition Scheme Relaxation – 23rd GST Council Meeting The government on its 23rd GST council meeting held at Guwahati, Assam on 10th November 2017 has updated the norms for composition scheme. Giving more relaxation to MSME’s of India In yesterday’s meeting, various changes ...
GST Composition Scheme Relaxation – 23rd GST Council Meeting The government on its 23rd GST council meeting held at Guwahati, Assam on 10th November 2017 has updated the norms for composition scheme. Giving more relaxation to MSME’s of India In yesterday’s meeting, various changes have ...