1. Historical Background of Benami Law � Perfectly Legal before 1988 1.1. Benami transaction in simple words implied that the real owner of the
Physical verification of inventory is an uphill task for retailers. Being a tedious task, it not only takes hours but is also a function with higher possibiliti..
The cabinet approved the constitution of the fifteenth finance commission. The fifteenth finance commission will determine the devolution formula for the revenu..
1. Taxation of Capital Asset under Development Agreement with Builder - In recent past, it has quite been a trend that individual plot/house owners enter in
In today's competitive retail world, retailers are tasked with more responsibility than ever before. Not only do they have to deal with increased competitive pr..
The never ending litigation of taxation relating to works contracts, particularly in construction industry and more particularly & challenging in real estate in..
The Reverse Charge Mechanism (RCM) under GST Regime is two-fold. Case1: Specified Supplies- Sec 9(3) of CGST Act Case 2: Supplies from Unregistered Persons- ..
Under GST Regime, "renting of immovable property" is included in schedule II which defines it as supply of services on which the GST rate is 18%. However Entry ..
Measures for promoting affording housing�It is proposed to exempt service tax on construction of affordable houses up to 60 square meters under any scheme
Goods and Services Tax (GST) is considered to be the biggest tax reform in independent India. As the deadline comes closer, small and medium companies as well ..