Category: Uncategorized

GST Rate reduced for Real Estate Sector

Rec­om­men­da­tions of the 33rd GST Coun­cil meet­ing  Real estate sec­tor is one of the largest con­trib­u­tors to the nation­al GDP and pro­vides employ­ment oppor­tu­ni­ty to large num­bers of peo­ple. “Hous­ing for All by 2022” envi­sions that every cit­i­zen would have…

Conditions for taking Input Tax Credit under GST

Sec­tion 16 of CGST Act 2017 deals with con­di­tions on tak­ing Input tax Cred­it: 1)  Every reg­is­tered per­son shall, sub­ject to such con­di­tions and restric­tions as may be pre­scribed and in the man­ner spec­i­fied in sec­tion 49, be enti­tled to…