Nirmala Sitharaman announced a slew of measures on Friday to revive sagging investment in Asia’s third largest economy including a cut in corporate taxes. Sitharaman said the revenue foregone on reduction in corporate tax and other relief measures will be Rs 1.45 lakh crore annually. On the move’s fiscal deficit impact, the FM said, the […]
Central Gujarat Chamber Of Tax Consultants has made a representation to The Finance Minister of Central Government on Difficulties In The Filing Of Annual GST Return. Difficulties In Filing of Annual GST Return includes difficulty in filing Details of 6A of Table No. III of GSTR-9, Outward Supply in Line No. 6C & 6D of […]
Services ancillary to electricity transmission or distribution utility is taxable under GST or exempt from GST On 01st March 2018 Government issued Clarifications regarding GST in respect of certain services vide Circular No. 34/8/2018-GST where in S.No. 4 it was stated that Service by way of transmission or distribution of electricity by an electricity transmission […]
Demand for residential properties is expected to receive a major boost following the government’s decision to cut the goods & services tax (GST) rates for under-construction projects to 5 per cent from effective rate of 12 per cent. In a major push to stated objective of ‘Housing For All by 2022’, the government has reduced […]
The Automotive Component Manufacturers Association (ACMA) has reiterated its demand for a uniform 18% GST for all auto components, besides a need for encouraging technology development & acquisitions. The apex body of the Indian auto component industry, in its pre-budget proposals to the Government, has further pitched for increasing the rate of weighted deduction on […]
