Supplied for exports – Goods taxed at concessional rate Taxing at rate of 0.05% for Intra state supply of taxable goods by a registered supplier to a registered Supplied for exports subject to the following conditions:
RERA and GST in Real Estate Sector Before analysing the relation between both the legislations i.e. RERA and GST, the reader should know about what is RERA and the impact of GST on Real Estate Sector is. For the convenience of reader ,the article is divided into three segments:
Section 79 and its implications on globally As after prolonged litigation and different interpretations across judicial hierarchies, certain provisions of the Income Tax Act, 1961 (the Act) still require clarifications to ensure that they meet the intent with which the provision was introduced and do not cause undue hardship to taxpayers.It is the provision is […]
Valuation rules under GST could lead to transfer pricing disputes As companies focus on the country’s biggest indirect tax reform — Goods and Services Tax — an old ghost of transfer pricing may come to haunt them in the coming years, warn tax experts.
Electronic Liability Register under GST- Things You Must Know 1. What is an Electronic Liability Register? In an Electronic Liability Register, all liabilities accrued by the taxpayer are displayed. Payments made from the Electronic Cash Ledger and/or credit utilized to discharge the liabilities are also shown in the ledger. It can be accessed in the […]