Sales tax notices hit real estate

Last updated: 28 May 2021

Author : Arvind Singh/DNA Content : The notices issued by the sales tax department on work contract tax have sent the real estate industry into a tizzy. A representation of city builders will meet the finance secretary on Wednesday to discuss the issue. In the light of the decision given by Supreme Court in K Raheja Development Corporation vs state of Karnataka, the sale tax department is considering the advance booking and has linked schedule payments by the purchaser of the flat as the
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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