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.

DIN To Make Tax Administration Transparent

 New Delhi: All communications to assessees by the income tax department will  carry a Document Identification Number (DIN), the CBDT said W...

Airtel shares fell 4% due to announcements about Jio

Reliance Industries made a number of announcements at its 42nd general meeting on Monday. Today, when the stock market opened on Tuesday, the effect w...

Gold and silver price Hike

New Delhi. According to All India Bullion Association (AISA), on Saturday, gold of 99.9 percent and 99.5 percent purity rose by Rs 90-90 to Rs 38,420 ...

Centre Plans Risk Allowance For Govt Employees

New Delhi :The government will pay up to Rs 25,000 per month as risk allowance under the 7th Pay Commission, depending on the department and employee'...