GST On Under Construction Houses

2017-12-21T01:00:01+00:00December 21st, 2017|GST Impact|

How GST is Charged on Houses Under Construction? The Central Board of Excise and Customs (CBEC) recently issued a clarification regarding applicability of Goods and Services Tax (GST) on under-construction and ready-to-move-in property. GST was implemented on 1 July 2017.  Read more about how [...]

GST Impact: How The Rates Of Daily Use Items Have Changed

2017-08-13T21:43:05+00:00August 13th, 2017|GST Impact|

GST or Goods and Services Tax replaced a slew of central and state levies from July 1. According to the new rules, firms are required to file simplified, self-assessed GST returns by August 20. Amid all this, the Central Board of Excise [...]

GST Not Applicable on Sale of Old Jewellary

2017-07-15T19:41:16+00:00July 15th, 2017|GST Impact|

https://youtu.be/r9n2eBogrC8 Section 9(4) of the CGST Act, 2017 mandates that tax on supply of taxable goods by an unregistered supplier to a registered person will be paid by the registered person under reverse charge mechanism. This provision, however, must be read in conjunction [...]