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GST For Real Estate Sector

Reading Time: 3 minutes GST on Real Estate, A number of issues have been raised regarding the new GST rate structure notified for real estate sector effective from 01-04-2019. A compilation of Frequently Asked Questions (FAQs)containing 41 questions was issued on 7thMay, 2019.Part II of the FAQ is presented below. The answers to the FAQs have been given in
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GST Practitioner Examination Schedule

Reading Time: 2 minutes GST Practitioner Examination Schedule , Attention Candidates who willing to make their career as GST Practitioners, the central board of Indirect Tax and Excise has issued a Press Release-cum-Schedule related to Examination for confirmation of enrollment as GST Practitioner dated 10. 05.2019 Examination for confirmation of enrollment of GST Practitioners to be conducted by NACIN.
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GST For Real Estate Sector

Reading Time: 6 minutes GST For Real Estate Sector, A number of issues have been raised regarding the new GST rate structure notified for real estate sector effective from 01-04-2019. A compilation of Frequently Asked Questions (FAQs) is presented below. The answers to the FAQs have been given in simple language for guidance and easy understanding of all stakeholders
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Deemed Exports

Reading Time: 8 minutes “Deemed Exports” refers to supplies of goods manufactured in India (and not services) which are notified as deemed exports under Section 147 of the CGST/SGST Act, 2017. The supplies do not leave India. The payment for such supplies is received either in Indian rupees or in convertible foreign exchange. Deemed exports are not zero rated
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Transfer of Credit on Sale, Merger, Amalgamation, Lease or Transfer of a Business

Reading Time: 2 minutes According to the provisions provided under Rule 41 of the Central Goods and Services Tax (CGST) Rules, 2017 related to “Transfer of Input Tax Credit (ITC) on Sale, Merger, Amalgamation, Lease or Transfer of a Business”, are as under: (1) A registered person shall, in the event of sale, merger, de-merger, amalgamation, lease or transfer or change
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GST Practitioner Examination Schedule

Reading Time: 2 minutes The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) have released a press note on 23rd april 2019, regarding the  Examination for confirmation of enrollment of GST Practitioners, the details are below mention .   The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation
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E-Way Bill System

Reading Time: 2 minutes E-Way Bill System,  The Goods and Service Tax Network has made some below mention changes in Eway Bill system. E-Way Bill System 1. Auto calculation of route distance based on PIN code for generation of EWB: E-waybill system is now enabled to auto calculate route distance for movement of goods, based on the Postal PIN
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FAQs About Form GSTR-9

Reading Time: 9 minutes FAQs About Form GSTR-9,  The CBIC has released the below mention FAQs About Form GSTR-9 1. What is Form GSTR-9? Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details
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Income Tax Return

Reading Time: 2 minutes Income Tax Return Form 2019-20: The IT department is notified the new Income Tax Return forms for the individuals and the companies for the AY 2019-20 Income Tax Return Form 2019-20: The IT department is notified the new Income Tax Return forms for the individuals and the companies for the AY 2019-20. No changes to
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