In a big relief to home buyers, the GST Council Sunday slashed tax rates on under-construction housing properties to 5 per cent without the input tax credit, from the existing 12 per cent, Finance Minister Arun Jaitley said. Source : www.zeebiz.com
Goods and services tax (GST) collections crossed the Rs1-trillion mark for the second time in 2018-19. As seen in Chart 1, collections rose to Rs1.01 trillion in October, up from Rs944 billion in September. Collections had previously touched Rs1.04 trillion …
New Delhi: Spirituality doesn’t always mean tax nirvana. Income from the sale of products such as booklets, magazines and DVDs and providing accommodation and food by religious organisations on payment are not “charitable activities,” the Authority for Advance Rulings for …
Union Petroleum Minister Dharmendra Pradhan, while talking to India Today, said that an uniform tax structure for petroleum products across the nation will be realised soon. Efforts are being made in GST Council to develop a consensus among states to …
The Finance Ministry will start another ‘special drive refund fortnight’ from Thursday to expedite Goods and Services Tax (GST) related refund claims of exporters pending on or before April 30. The drive is going to continue till June 14. Till …