Ministry of Finance Effective tax rate on complex, building, flat etc. 08 DEC 2018 It is brought to the notice of buyers of constructed property that there is no GST on sale of complex/ building and ready to move-in flats where sale takes place after issue of completion certificate by the competent authority. GST is applicable on sale of under construction property or ready … [Read more...] about Effective rate of tax and credit available to the builders for payment of tax are summarized in the table for pre-GST and GST regime
GST
Extension of due dates for filing GST returns
Ministry of Finance Extension of due dates for filing GST returns 28 NOV 2018 In view of the disturbances caused to daily life by Cyclone Titli in the district of Srikakulam, Andhra Pradesh, and by Cyclone Gaza in eleven districts of Tamil Nadu viz., Cuddalore, Thiruvarur, Puddukottai, Dindigul, Nagapatinam, Theni, Thanjavur, Sivagangai, Tiruchirappalli, Karur and … [Read more...] about Extension of due dates for filing GST returns
No let-up in sanction of GST Refunds
Ministry of Finance No let-up in sanction of GST Refunds 08 NOV 2018 There are concerns being raised about growing pendency of GST Refunds. Exporters arereassured that there is no le-tup in the sanction of GST refunds. The disposal rate is consistently improving month-on-month. As on 31st October, 2018, total GST refunds to the tune of Rs 82,775 crore have been disposed by … [Read more...] about No let-up in sanction of GST Refunds
GST: Goods and Services Tax Council – Journey so far
Ministry of Finance Goods and Services Tax Council - Journey so far; GST Council met 30 times, took 918 decisions since its Constitution; 96% of decisions already been implemented through 294 Notifications 28 OCT 2018 Till date, the Goods and Services Tax ( GST ) Council has taken 918 decisions related to GST laws, rules, rates, compensation and taxation threshold etc. … [Read more...] about GST: Goods and Services Tax Council – Journey so far
GST Revenue Collections for the Financial Year 2017-18
Ministry of Finance GST Revenue Collections for the Financial Year 2017-18 Total Revenue of Rs. 7.19 lakh crore collected under GST in the period between August 2017 and March 2018 27 APR 2018 During 2017-18, total revenue collected under GST in the period between August 2017 and March 2018 has been Rs. 7.19 lakh crore. This includes Rs. 1.19 lakh crore of CGST, Rs. 1.72 … [Read more...] about GST Revenue Collections for the Financial Year 2017-18
Final Monthly collection figures of GST
Ministry of Finance Final Monthly collection figures of GST 02 APR 2018 The revenue collection figures under GST including CGST, SGST, IGST and cess for the period July 2017 - February 2018 paid in the period July 2017 - March 2018 is as follows: Figures in Rs. Crores) Month GST … [Read more...] about Final Monthly collection figures of GST
Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force
Ministry of Finance Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force; Concessional Rate of GST of 12% extended to construction of houses constructed/ acquired under the Credit Linked Subsidy Scheme for EWS, LIG, MIG sections Posted On: 07 FEB 2018 1:45PM by PIB Delhi In its 25th Meeting held on … [Read more...] about Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force
GST Council recommends relief in GST on Circus, Dance and Theatrical Performances
Ministry of Finance GST Council recommends relief in GST on Circus, Dance and Theatrical Performances Threshold Exemption under GST for admission to such cultural and sports events in the country increased from Rs. 250 to Rs. 500 per person. 7 FEB 2018 1:48PM In its Meeting held on 18th January, 2018, the GST Council has recommended that for the purpose of GST exemption, … [Read more...] about GST Council recommends relief in GST on Circus, Dance and Theatrical Performances
Applicability of Goods and Service tax (GST) on Static Catering Services on IR
Applicability of Goods and Service tax (GST) on Static Catering Services on IR GOVERNMENT OF INDIA MINISTRY OF RAILWAYS (RAILWAY BOARD) No. 2012/TG.III/631/2 New Delhi Dated 01.12.2017 The General Managers All Indian Railways The CMD/IRCTC New Delhi CMD/KRCL, Navi Mumbai (Commercial Circular No. 79 of 2017) Sub: Applicability of Goods and Service tax (GST) … [Read more...] about Applicability of Goods and Service tax (GST) on Static Catering Services on IR
Government to replace GST ordinance with bill
Government to replace GST ordinance with bill The Cabinet today approved replacing the Goods and Service Tax (Compensation to States) Ordinance by a bill, sources said. The GST (Compensation to States) Act 2017 aims to provide for compensation to the states for the loss of revenue arising on account of implementation of Goods and Service Tax Act, they said. It provides … [Read more...] about Government to replace GST ordinance with bill
