MVAT- Administrative Relief to developers if combining fee paid The Taxation of Developer was material of the Court proceedings. Hon’ble Supreme Court of India upheld the constitutional validity of the modification to section 2(24) of the Maharashtra Value Added Tax Act, 2002. As a result developers became at risk of pay tax below geographic region […]
Know what is Income from undisclosed Sources In this article, you’ll be able to gain complete information concerning varied provisions regarding tax treatment of undisclosed Sources.
What Next now – President’s Assent on GST President Pranab Mukherjee on Thursday gave assent to the Constitution modification Bill on product and Services Tax (GST), a significant step towards rolling out the new tax regime that the Modi government needs to come back into result from April one next year.
GST compliance rating score and returns A new system of ‘GST Compliance Rating Score’ has been planned to be introduced beneath section 116 of model GST law. during this system, a rating score would lean to the each ratable person supported record of compliance created by them. This score shall be determined on the premise […]
Power to Government to grant exemption from GST Schedule to GST Law impose the speed of GST for provide of varied merchandise and services. As per clause 10(1) of Central Government has been granted to scale back GST rates as per necessities, by supply a general exemption notification. This notification will be issued solely on […]