Business

Home buyers confused between 5 or 12 per cent GST on flats

Builders are facing a piquant situation with homebuyers insisting that they will pay only the new rate of 5 per cent GST on flats even though the developer has opted for the old rate of 12 per cent to take advantage of credit on inputs like paints, cement and steel.

As part of rationalisation of the Goods and Services Tax (GST) on real estate sector, the GST Council has allowed builders to migrate to 5 per cent rate for residential units and 1 per cent for affordable housing without the benefit of input tax credit (ITC) from April 1, 2019.

New Income Tax Rules in effect from today. Tax evaders can't just get away by paying penalty

The Central Board of Direct Taxes (CBDT) issued revised guidelines on 'Compounding of offences under the direct tax laws' on late Friday. The rev...

US-India trade tension hangs over Indian capital markets,Now

Indian equity markets could come under pressure over the fresh tension between the US and India over trade as India retaliated with tariffs on 29 Amer...

US-India trade tension hangs over Indian capital markets

Indian equity markets could come under pressure over the fresh tension between the US and India over trade as India retaliated with tariffs on 29 Amer...

DIPAM tells Niti to follow due process for suggesting CPSE assets for monetisation

The DIPAM has raised objections to the list prepared by Niti Aayog for monetising assets of CPSEs, saying the stipulated procedure, including consulta...