GST Articles

GST on Real Estate: Reversal of Input Tax Credit

Posted by Padmanathan Kv 20 October 2019 27774 Views

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

Posted by FCS Deepak Pratap Singh 19 October 2019 6780 Views

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...

How to Earn More from ITC Reconciliation with minimum efforts?

Posted by GST Hero 16 October 2019 30539 Views

Today, most of the tax professionals are not doing Input Tax Credit reconciliation for their clients. It is understandable that doing ITC reconciliation for all the clients is very time consuming and the fees received from the client may not be sufficient.

GST Advantages for Startups and Small Businesses

Posted by Anil Tanwar 16 October 2019 13653 Views

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...

A complete understanding of Place Of Supply(POS) Under GST

Posted by CA Vivek chaudhary 15 October 2019 31357 Views

Understanding of Place of Supply is imperative to decide whether a particular transaction is inter-state or a intra state transaction. If we identify a particular transaction as inter or intra state then we have to charge CGST & SGST/UTGST in case of intrastate transaction and IGST in case of Inter-state transaction otherwise than any exemption is available.

New RCM for Promoter of Residential Real Estate Project

Posted by CA Shail Thakkar 15 October 2019 17458 Views

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

GST Notification-49/2019: Additional Cash Flow for the GST Payment

Posted by CA Pradeep Kumar Rajput 14 October 2019 26724 Views

The government has come up with the new notification No. 49/2019 - Central Tax dated 09-10-2019. Through the said notification the government has made the GST input tax credit calculation even more complicated

GST on Transferable Development Right (TDR) in real estate

Posted by CA Purva Dhoot 13 October 2019 28437 Views

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

Posted by FCS Deepak Pratap Singh 13 October 2019 6515 Views

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 ...

GST implications on royalty paid to the government for mining

Posted by Asiya Begum 12 October 2019 10458 Views

GST implications on seigniorage charges (royalty) paid to the government for miningGST has always been confusing for the mining industry with its never ending c...