GST: Key facts about India’s Goods and Services Tax
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
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
Taxation is a fundamental aspect of any economy, serving as a primary source of revenue for governments. Two broad categories of taxes exist: direct taxes and indirect taxes. These classifications are based on the … READ FULL STORY
The Real Estate (Regulation and Development) Act, 2016 (RERA) obligates developers in India to rectify structural faults in a housing project on his own expense. The time cap to completely rectify such defects under … READ FULL STORY
The Indian residential real estate market has undergone significant transformations in recent years. One notable trend is the increasing preference for ready-to-move-in (RTMI) housing properties. Our latest consumer survey findings denote that 59 percent … READ FULL STORY
In the ever-evolving world of real estate, prospective homebuyers face a myriad of factors that influence their decisions. In the backdrop of upward pressure on property prices and interest rates, it comes as no … READ FULL STORY
Looking at investing in a property and don’t know where to begin? We give you an outline on the most important tips to follow while considering real estate investments. Why property investment? This … 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
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
To subsume almost all indirect taxes in India, except for a few state taxes, the government in 2017 launched the Goods and Services Tax (GST) regime that is in line with globally-accepted tax regimens. … READ FULL STORY
The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman presented ‘Amrit Kaal’s’ first Union Budget before the Parliament on Wednesday, the 1st of February. The union budget for 2023 is expected to … READ FULL STORY
Goods and services tax (GST) will not have to be paid in case the owner of a GST-registered company rents an accommodation in his personal capacity, the Central Board of Indirect Taxes and Customs … READ FULL STORY
Taxes like value-added tax (VAT) or goods and services tax in some countries are assessed incrementally. At every stage of production, distribution, or sale to the consumer, it is incorporated into the price of … READ FULL STORY
The recent changes in GST have created ripples across consumer segments. While rates have been revised for certain articles, many items, which were earlier outside the list, were brought under GST. Two newly-included items … READ FULL STORY