Search For "tax credit"
GST reforms to boost realty demand: Developers
Updated : 7 years, 5 months ago IST
Gurugram (Haryana) [India] Feb 28 (ANI): To boost demand in the real estate sector, the GST Council in its recently held meeting, slashed tax rates for under-construction flats to five percent and affordable homes to one percent, effective from April 1, 2019. Currently, the GST is levied
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Reduced tax rate for real estate sector to bolster consumer sentiments: IC
Updated : 7 years, 5 months ago IST
New Delhi [India], Feb 26 (ANI): Credit rating agency ICRA said on Tuesday that lower GST rates for under-construction residential properties are expected to improve customer sentiment but removal of input tax credit may create short term disruption in sales and collections from ongoing p
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1 pc GST on affordable housing will give a boost to real estate sector, sa
Updated : 7 years, 5 months ago IST
New Delhi [India], Feb 24 (ANI): In an attempt to give a boost to the real estate sector, the Goods and Services Tax (GST) Council on Sunday decided to reduce the GST on affordable housing properties without input tax credit (ITC) to one per cent.
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GST on affordable housing properties reduced to 1 pc
Updated : 7 years, 5 months ago IST
New Delhi [India], Feb 24 (ANI): The Goods and Services Tax (GST) on affordable housing properties without input tax credit (ITC) has been reduced to one per cent, while effective GST of 5 per cent shall be applicable without ITC on residential properties outside affordable segment, which
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TEXPROCIL welcomes GST Council's decision to refund accumulated input tax
Updated : 8 years ago IST
Mumbai (Maharashtra) [India], July 28 (BusinessWire India): The Goods and Services Tax (GST) Council took a series of decisions in its 28th meeting held on July 21.
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National Anti-Profiteering Authority goes online
Updated : 8 years, 4 months ago IST
New Delhi [India], Apr. 15 (ANI): In a bid to ensure timely grievance redressal for consumers, the National Anti-Profiteering Authority (NAA) launched the "Anti Profiteering" online community in association with a citizen-engagement platform, LocalCircles.
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Citizens 'upset' over GST, allege improper disbursal of benefits
Updated : 8 years, 5 months ago IST
New Delhi [India], Mar. 11 (ANI): As the implementation of the Goods and Services Tax (GST) crosses 250 days, consumers through a survey highlighted that not enough benefits were flowing their way.
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Directors of two companies held for GST fraud
Updated : 8 years, 5 months ago IST
Mumbai (Maharashtra) [India], March 01 (ANI): CGST Mumbai Central Commissionerate arrested the directors of two companies for allegedly availing of tax credit in a fraudulent manner.
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50% increase in indirect taxpayers post GST
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan 29 (ANI): There has been a fifty percent increase, a substantial 3.4 million in the number of indirect taxpayers post the introduction of Goods and Services Tax (GST), the Economic Survey 2017-18 noted on Monday.
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CBEC scrutinising input tax credit, transitional credit
Updated : 8 years, 7 months ago IST
New Delhi [India], January 18 (ANI): Central Board of Excise and Customs (CBEC) Chairperson Vanaja N Sarna on Thursday said that they are doing thorough checking and scrutiny of input tax credit and transitional credit.
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Last date for revision of TRAN-1 is December 27: Finance Ministry
Updated : 8 years, 8 months ago IST
New Delhi [India], Dec 12 (ANI): Taxpayers who have claimed transitional credit erroneously are advised to avail of the opportunity to revise Form TRAN-1 by December 27, The Ministry of Finance notified on Tuesday.
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Exporters advised to file Table 6A and GSTR 3B for processing refund of IG
Updated : 8 years, 8 months ago IST
New Delhi [India], Nov 29 (ANI): Government of India on Wednesday seized of the issue of exporters complaining about delay in grant of refunds pertaining to Integrated Goods and Services Tax (IGST) paid on goods exported out of India and similarly Input Tax credit (ITC) on exports, a stateme
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