GST on real estate has been a contentious issue especially with the real estate sector in India facing a challenging time over the last few years. Tremendous changes have been made under the real estate sector after 01.04.2019, which has increased the compliance burden on the taxpayers. In order to run a business smoothly without having any penal consequences, the taxpayers are required to comply with certain procedural requirements and discharge tax liabilities within the stipulated time. In this article, we have made an attempt to summarize the specific compliances that are to be followed under the real-estate sector to avoid any penal consequences from the department.
Source Caclubindia
Latest Posts in "India"
- Continuous Supply of Services Under GST: Legal Criteria Versus Commercial Practice Explained
- Tripura HC: ITC Cannot Be Denied to Bona Fide Purchaser for Supplier’s Tax Default
- Ready-to-Drink Non-Alcoholic Beverages Like Mojito to Attract 40% GST, Rules WB AAR
- Bombay HC: Assignment of Long-Term Industrial Leasehold Rights Not Taxable as ‘Supply’ Under GST
- ITC Not Allowed on Mall Construction for Leasing, Rules Tamil Nadu AAR under GST Law
