Deepak Kumar Jain, founder and CEO, TaxManager.in explains that the recent clarification from CBIC reaffirms the GST applicability on housing society (RWA) maintenance charges—it is not the ...

Since the real estate sector is considered the largest employer in Indian economy after agriculture, contributing an average of 5-6 percent to the GDP, this sector is expected to witness a growth of ...

Compensation cess is an additional tax on select goods and services over and above the GST. It was introduced in 2017 - ...

GST impact on women: While GST came with zero per cent GST on condoms, ... and this has caused the entities that used to supply napkins to Usha Multipurpose Co-operative Society Ltd may stop doing so.

Mumbai (Maharashtra) [India], July 25 (NewsVoir): GST, which has completed one year this month on July 1, 2018, has continued to haunt the students from the weaker section of society and ...

Consider the GST imposition on daily grocery products, where consumers will now pay a 5% tax on pre-packed, labelled food items, including atta, curd, and paneer up to 25 kg.

According to the CBIC, if a member’s monthly maintenance contribution crosses ₹ 7,500 and the housing society’s annual turnover exceeds ₹ 20 lakh, GST is applicable on the full ...