Page 66 - Gst

Tax boost for real estate

But selective exemptions distort the GST regime

Developers have little to cheer from GST cut on under-construction houses

Volumes could see an uptick, given the benefits for consumers and lack of pricing power for developers

GST cut on under-construction properties to impact developers' margins

Some experts believe that it will be an uphill task for the developers to hike prices as the demand has not been too forthcoming

5% GST without input tax credit on realty favourable for developers

This is a critical matter and the outcome will have a notable impact on real estate market sentiment, Anarock property consultants chairman Anuj Puri said

GoM favours uniform tax on lottery, GST Council to decide rate on Feb 20

Currently, a state-organised lottery attracts 12% GST while a state-authorised lottery attracts 28% tax

One lakh students to be trained in GST accountancy, govt to fund fees

The government is coming out with Goods and Services Tax (GST) Accountants course and plans to train about 1 lakh GST Accountants over the next one to one-and-half year

Govt panel favours lowering of GST rates on under-construction houses

At present, GST is levied at 12% with ITC on payments made for under-construction property

Gujarat HC strikes down restrictive provision for export sops under GST

Order comes as big relief for exporters who were facing huge compliance issues; provision to be challenged in other courts too

Telcos seek GST waiver on spectrum fees, Rs 35k-cr input credit adjustment

COAI members include Bharti Airtel, Vodafone Idea and Reliance Jio. Mathews, however, said Reliance has a dissenting view in the matter

GST collections cross 1 trn in Jan, 2nd hightest monthly mop-up since April

The total number of sales return or GSTR-3B filed for the month of December up to January 31, 2019 is 73.3 lakh

Pre-budget breather: GST collection crosses Rs 1 trillion in January

Enhanced revenue from GST would help govt reduce pressure on the fiscal deficit in the current financial year when the ministry is expecting a shortfall of about Rs 50,000 crore in Centre

Modi govt's tax reforms: GST, a game-changer for the Indian economy

The August 2018 report of the RBI suggests that Rs 15.31 trillion of Rs 15.41 trillion demonetised currency have returned to the banking system

Tribunalisation of GST justice necessitates tweaks

The inconsistency in the execution of the appeal mechanism as contemplated in the statute needs to be set right at the earliest, both at the Centre and the state level

Taxman may examine high usage of input tax credit to set off GST liability

The issue of high ITC was flagged at the meeting of the Group of Ministers (GoM) which was set up by the GST Council to look into the reasons for revenue shortfall being faced by a large number of sta

GST gets its first dispute resolution tribunal on 'place of supply' issue

The decision was taken six months after the GST Council in July approved setting up one national and three regional benches of the appellate tribunal

Cabinet approves setting up of a centralised GST Appellate Authority

The setting up of a centralised AAAR would require amendments to the GST Acts

Panel on revenue shortfall to study GST collection on services by states

Out of 31 states, only Andhra Pradesh and five north eastern states -- Mizoram, Andhra Pradesh, Manipur, Sikkim and Nagaland -- have recorded revenue increase post the GST roll out

Explained: GST Council's decisions and their impact on small business

CRISIL Research believes the impact of these decisions on the MSME sector would be low to moderate at best, considering that the GST is only a part of their woes

Kerala High Court stays GST on tax collected at source on cars

Besides auto, this kind of TCS is also imposed on sale of scrap and bullion above Rs two lakh

Coming to sense with absurdities

When the Goods and Services Tax (GST) was introduced in July 2017, the government withheld any exemption from IGST on import under all categories of advance authorization