GST Articles

GST on Real Estate: Reversal of Input Tax Credit

Padmanathan Kv 23 April 2019 at 11:13

With the series of changes that have been made effective from 1st April, 2019 the effective tax rates has come down from 12% and 8% to 5% and 1% in the case of ..

Development rights and its taxability under GST

FCS Deepak Pratap Singh 22 April 2019 at 11:02

TRANSFER OF LAND AND ITS DEVELOPMENTS RIGHTS UNDER GST REGIMEWe generally consider land as an immovable property, it is a part of surface of Earth not covered b..

GST Advantages for Startups and Small Businesses

Anil Tanwar 19 April 2019 at 11:19

GST was rolled out in India to change the circuitous tax assessment framework. Further, GST was introduced with a slogan of One Nation One Tax to ease the comp..

Steps of Filing GST Audit Report in form GSTR 9C

Rohit Kumar Singh 18 April 2019 at 11:15

TaxMarvel - GST Updates - Filing of GST Audit Report in FORM GSTR 9C - Process and Steps

New RCM for Promoter of Residential Real Estate Project

CA Shail Thakkar 18 April 2019 at 11:14

In case promoter of residential real estate project is paying GST at 5% or 1%.Then 80% of value of inputs and input services other than Services by way of gran

FAQs of GSTR-9C Offline Utility

Guest 16 April 2019 at 18:09

1. What is Form GSTR-9C?Form GSTR-9C is a reconciliation statement, duly verified and signed by Chartered Accountant/ Cost Accountant, and required to be furnis..

FAQ on Form GSTR 9

Guest 16 April 2019 at 11:33

FAQs > About Form GSTR-9 1. What is Form GSTR-9?Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers who w

GST on Transferable Development Right (TDR) in real estate

CA Purva Dhoot 16 April 2019 at 11:28

In the earlier article, we saw the basics of the new tax rates applicable to the real estate service and some terms like RREP/REP etc. Now let�s move onto

Landmark Judgement on Works Contract in GST

FCS Deepak Pratap Singh 16 April 2019 at 11:27

The Goods and Service Tax Act, 2017 (GST) is the most ambitious, stronger and best decision of recent government. Through GST Legislation, we have sub-merge 17 ..

ITC on immovable plant and machinery

Madhukar N Hiregange 13 April 2019 at 13:07

The capital goods credit in GST is allowed u/s 16(1). However, those that are immovable see some restriction u/s 17(5)(c,d). In this article we examine what cou..