When buying a house, one of the most commonly used means by homebuyers to fund the investment is to avail home loans. While doing that, do homebuyers actually know of the tax implication on … READ FULL STORY
At a time when India is grappling with challenges such as the trade tariff war with the United States of America (USA), the Modi government has introduced GST reforms aimed at easing one of … READ FULL STORY
For an increasing number of Indians, especially young working professionals, buying a property is becoming a preferred investment option. Real estate purchases provide various tax advantages to buyers. At the same time, there are … READ FULL STORY
Of the many taxes that home buyers have to pay to the government is the Goods and Services Tax (GST). In the last few years, there have been changes made to the GST regime … READ FULL STORY
The Goods and Services Tax (GST) Act was implemented in 2017. With this, came changes in the taxation of the rental income. The GST law in India treats renting of commercial as well as … READ FULL STORY
GST, short for Goods and Services Tax, is an indirect tax imposed in India on the supply of goods and services. A value-added tax, GST is imposed at each stage of the supply chain … READ FULL STORY
When purchasing a resale flat in India, many homebuyers wonder if they’ll have to bear the same costs as those buying new properties—especially when it comes to stamp duty and registration fees. While resale … READ FULL STORY
Post pandemic, the one common thing that features in most people’s wish list is to buy a property of their own and preferably in a gated community with all amenities available close-by. While you … READ FULL STORY
July 11, 2023: The 50th meeting of the Goods and Services Tax (GST) Council is scheduled to take place today in New Delhi. Presided over by union finance minister Nirmala Sitharaman, the council will … READ FULL STORY
Property deals may sometimes be abandoned halfway after certain advance payments, like token money, have been made. The deal may be cancelled by either the seller or the buyer for a variety of reason. … READ FULL STORY
June 1, 2023: The gross good and services tax (GST) revenue collected in May 2023 is Rs 1,57,090 crore, the finance ministry said in a statement today. Of this, the central goods and services tax … READ FULL STORY
May 20, 2023: The West Bengal Bench of the Appellate Authority of Advance Rulings (AAAR), upholding an earlier ruling, has stated that the sale or right to use a car park is not naturally … READ FULL STORY
E way bill is an electronically generated challan needed for transport of goods from one place to another within India. Users can generate an online copy of this document using the e way bill … READ FULL STORY
