If BBA was signed before GST period and sale price was decided pre GST era than builder is liable to pass benefit of ITC to consumers according to sec 171 of GST Act. Even if raw material was purchased pre GST and was not consumed during pre GST (not purchased before 30/6/2016) builder will take benefit ITC on account of Excise Duty .The ITC availed on opening stock on account of excise duty should be passed to home buyers more
No, not excise duty will be passed on , but final agreement is made after obtaining BU permission then GST benifit can be passed on but not excise duty more
Dealer having opening stock on 1/7/2017 can claim ITC on account of excise duty paid on the goods having in possession. To claim ITC dealer will file GST TRANS FORM . This claimed ITC will be passed to consumer by reducing base price. more
GST of 18% on services is too high. It should be reduced to 5% on essential services like banking , insurance maintainance of residential appartments etc .Wish someone would take this up with govt. more
Sir, our RWA collects maintenance charges @3500 p.m. payable quarterly in advance like Mr.Sundararaman's case.1. Maintenance and security are outsourced and the outsourcing agency collects GST @18%on their bill amount. 2. The agency insists on the cash payment if GST is not to be charged and sometimes it has been obliged also. I shall be thankful if anyone kindly clarifies: 1) whether GST is justified in this case? 2) If GST is to be paid, then whether is making cash payments ostensibly to avoid GST is legal avoidance (not evasion) and justified? more
The Govt needs to review seriously why a wedding in a 5 star or good hotel costs 2 or 3 times the cost in Thailand or Sri Lanka etc in a better hotel or resort . A normal room costing 12000/night b...
Schools are supposed to be trusts but they are profiteering in India. 1 lakh a quarter for fee or 4 lakhs a year in good private schools. Just a decade back it used be 1.2 lakhs a year in fee. Will...
It's very true! The glaring example is the garment industry, besides similar others. They fix the price themselves, and God knows! who has checked their costing to arrive at it. They show a higher ...
Kinnow farmers in Punjab get only Rs 10 per kg for their harvest. Retailers are charging 50 per kg. Why are the so called ecommerce platforms not interjecting themselves in this network ...
Serious shame on airlines. They profiteer to the moon by charging for everything and unlimited fares for last minute travels. Now they say Your flights to cost more as fliers to shoulder...
I dont know if its just me or others feel it too, it appears that airlines have an understanding when it comes to airfare that let us charge a minimum airfare for a particular sector. With only 2-3...
average room rates in 5-star hotels in Delhi could be 50-60% higher than usual, with the cost of a presidential suite touching the Rs 20 lakh mark during September 5-10. I mean have we ...
वित्त मंत्रालय ने संसद में बताया है कि सरकारी और पाँच प्राईवेट बैंकों ने मिलकर 2018 से लेकर अब तक जनता से शुल्क के रूप में 35000 करोड़ ₹ वसूले है। खाते में न्यूनतम रक़म नहीं होने से - 2...
By Garima Sharma
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