GST on renting of Residential Property
The 47th GST Council meeting was held on 28th & 29th June, 2022 in Chandigarh. After much discussion, a number...
Month: January 2023
GST Refund claim By Unregistered Person
Circumstances where unregistered person can claim refund of GST paid: – 1. Construction Contracts: – Where an unregistered buyer who...
New GST Rule 37A – No immediate ITC reversal for suppliers failure to file GSTR-3B
With effect from December 26, 2022, Rule 37A of the CGST Rules 2017 has been added by the CBIC via...
CA Certificate Can Be Used For Clearing Difference in the ITC
1. The CBIC after taking into consideration the practical difficulty faced by the taxpayers, provides clarification to deal with the...
GST Rate Changes From 1st January 2023
GST Rate Changes – 1. No GST is payable where the residential dwelling is rented to a registered person if...
Section 45(4) Applicability to a Real Estate Developer Firm
The amendment to section 45(4) of the Income Tax Act, 1961 with effect from 01/04/2021 (FY 2020-21) has raised more...