Dear sir, please confirm the gst percentage on purchase of new flat in Bangalore. I have booked a flat from a reputed builder. Their cost sheet says 18% GST where as other builder says 12% GST. Both are A class builders and the flat I am intending to purchase is RERA registered. Any...
800. When the manufacturer sells the finished product for ₹15,000, they collect 18% GST of ₹2,700 from the customer. The manufacturer is eligible to claim an Input Tax Credit (ITC) of ₹1,800 for the GST paid on the raw materials....
Types Of Excise Duty:These include specific duties (fixed amount per unit) and ad valorem duties (percentage of value). Examples Of Products With Excise Duty:Some common examples are gasoline, alcoholic beverages, and cigarettes. Customs Duty: ...
to determine the question whether the residential premises are to be used predominantly for residential accommodation, solely by reference to the physical construction of the premises, and what that construction connotes about the intention with which the premises were designed,...
The NRRP rebate is equal to 36% of the GST paid (the “Rebate Percentage”) on each QRU for a maximum GST rebate of $6,300. The amount of the rebate is progressively reduced when the fair market value of the QRU exceeds $350,000. Once the QRU has reached a fair market val...
The Telangana metrology department has been doing a round of scans for any irrelevant MRP tagging on the products. The government has also stated that strict action will be taken against the offender. The penalty of 2000 to 25000 has been decided by the department which will be levied upon an...
If we factor in the three-percentage point decline in the incidence of GST duty from 14.8 to 11.8 per cent as suggested by the RBI, the actual proportion in 2021-2022 would have been 7.4 per cent of the GDP (according to a recent article by Arvind Subramanian and Josh Felman). What we...
he only had to pay a certain percentage of it, while the balance was paid by the provider of services. The service tax thus emerging under RCM, had to be paid by way of cash or bank payment, and was not dischargeable by using tax credit available to the developer. However the service...
3.Construction Aluminum alloy(AAAC) contains a small percentage(about 0.6%) of silicon and magenesium elements. It provides several benefits for overhead lines. 1. Strength- About twice that of aluminum 1350(EC) 2. Weight- 20%(approx.) lighter than ACSR conductor of equal ...