GST Articles

Lower GST is imperative for the growth of co-working sector

From re-introduction of Input Tax Credit (ITC) to the elimination of angel tax, co-working firms are looking forward to some critical tax announcements in the…

Budget 2019-20: Co-working firms expect relief in GST

The Indian co-working industry has seen phenomenal growth in the last few years. However, there are some significant changes pertinent to Goods and Services Tax (GST)…

New rule of paying 18 percent GST on house rent explained

After the 47th meeting of the GST Council, the new rule implies on those people or companies that are registered under Goods and Services Tax…

Maharashtra: Housing societies have to pay GST on maintenance charges

In its order on the chargeability of Goods and Services Tax (GST) on maintenance fee, the Maharashtra Authority of Advance Ruling (AAR) has clarified that…

Other charges under the sale agreement to attract GST at 18 percent: AAR

As per a recent ruling given by GST Authority for Advance Rulings (AAR), other charges collected by the developer under a sale agreement will attract…

AAAR denies tax input credit to businesses on leased land

The Appellate Authority for Advance Ruling (AAAR) has denied input tax credit under the Goods and Services Tax (GST) framework on leased land and property.…

Property registrations in Indore fall by 20% due to RERA and GST

The implementation of the Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST) have impacted the real estate market in…

Hyderabad sees a 55% dip in launches post RERA and GST

During July-September 2017, Hyderabad has witnessed a dip of 55 percent in new launches as compared to the previous year during the same period, reveals…

Jammu and Kashmir may include real estate under GST

Jammu & Kashmir (J&K) is likely to become the first state in the country to include real estate under the Goods and Services Tax (GST). While…

GST to apply on maintenance deposit paid by buyers: AAR

As recently held by the Authority of Advance Rulings (AAR) in Gujarat, maintenance deposit collected by the builder from buyers is non-refundable in nature and…

Landmark Goods and Services Tax Bill may prove subversive

Landmark Goods and Services Tax Bill may prove subversive24-April-2015 The path-breaking Goods and Services Tax (GST) Bill which is expected to propel the country’s GDP…

Lok Sabha approves of GST reform

Lok Sabha approves of GST reform 06-May-2015 In a major breakthrough for the real estate industry, the Lok Sabha has passed the goods and service tax…

India ranks 34th on global real estate transparency index: Report

The JLL Global Real Estate Transparency Index 2020 has revealed that India has climbed from the 39th rank six years ago to the 34th rank…

Will GST Bill become a reality in 2017?

With the GST Bill missing the scope to be implemented in 2016, all hopes are pinned on the next fiscal. Will GST Bill become a…

Centre may implement GST in 2017

The government recently hinted that the much-demanded Goods and Services Tax (GST) Bill might be implemented in 2017 as bringing it in the middle of…

Input Tax Credit allowed on detachable slidings under GST

While Input Tax Credit under Goods and Services Tax (GST) is not allowed on an immovable property/structure, a recent ruling sets a precedent by allowing…