| Originally posted by : srsubramanian | ||
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how gst be good in property apartment complex investment by the individual. |  |
Pls go through the below article
https://www.financialexpress.com/personal-finance/gst-bill-homebuyers-real-estate-sector-impact-and-gains/336947/
Hope this will help u.
Amit
NO ONLY ONE INDIRECT TAX REMAIN THAT IS KNOWN AS INDIRECT TAX.EITHER WE SUPPLY SERVICE OR GOODS WE CHARGED GST I.E CGST & SGST. IF INTER STATE SUPPLY THEN IGST.
CGST MEANS CENTRAL GOODS & SERVICE TAX (LEVIED AND COLLECTED BY CENTRAL GOVERNMENT) AAPKO SAMJHNE KE LIYE BOL SAKTE HO JO PHLE EXCISE HOTA THA USKE BADLE ME AAYA HAI.
SGST MEANS STATE GOODS & SERVICE TAX (LEVIED & COLLECTED BY STATE GOVERNMENT) AAPKO SAMJHNE KE LIYE BOL SAKTE HO YE VAT KE BADLE AAYA HAI.
IGST MEANS GOOD & SERVICE TAX ON INTER STATE SUPPLY (LEVIED AND COLLECTED BY CENTRAL GOVERNMENT) AAPKO SAMJHNE KE LIYE JO CST (CENTRAL SALES TAX HOTA THA USKE BADLE YE AAYA HAI.
MATLAB SIMPLE WORD ME AAPKA ANSWER VAT & SALES TAX AB NA RHA AB ONLY GST. (CGST+SGST+IGST) OK THAT'S IT.
Dear sir.
Read your article on gst india. Com .
We are suppliers to CSD and UPG canteens currently enjoying Vat exemption and sell Vat exempted goods to army and UPRAJYA state employees.
In case of GST what will be the procedure of billing to these organisations and how will they pass on tax benefits to there customers.
Kindly explain. Your inputs will help us a lot in planning our business .
What is the segnificance of GST with respect to loan services?
CAclubindia
