Ajay B
Continuous Reduction of Gap between Market Value & Circle Rate. IS IT GOOD?
If we look at the prices of immovable properties in India say 12-14 years ago, there used to be a huge gap between Market Values and Circle Rates. It was quite normal for Market Value to be two to four times of Circle Rate (even six to eight times for some areas/cases). But for the past six years, this gap has started coming down steeply and it’s
PRIVACY DATA PROTECTION BILL, 2018 & GENERAL DATA PROTECTION REGULATION: LET’S COMPARE
If you exchange information internationally, you must strengthen data protection. Those are two sides of the same coin – Gijs de Vries As internet bytes became cheaper in India with the launch of JIO after 2015, a strong and efficient data protection law was direly needed. In November of 2018, the Privacy Data Protection Bill was finally drafted under the chairmanship of Justice B.N. Srikrishna.
ITC on lift available or not under GST
Lift is not a machine , it is part of Building, is it true . is the ITC claimable on purchase of Lift . Let us discuss whether lift is machine or Building only we would reach to conclusion of ITC is eligibility. Section 17(5) blocks credit of works contract and goods or services received by a taxable person for
GST Rules 89(5) cannot override Section 54(3) of CGST Act, 2017
In GST, Rules 89(5) can not override the Section 54(3) The Rules were meant only for the purpose of carrying out the provisions of the Act and they could not take away what was conferred by the Act or cutting down its effect.” This is placed with respect to Section 54(3) of CSGT Act , 2017. Rule 89(5) where the rule override the section 54(3). This has
ITC on detachable Wooden Flooring and Stackable Glass partition
To claim ITC section 16(1) of CGS Act ,2017 need to apply . If it is eligible under this section than we will see what is prohibited any where else . Section -16 1) every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to
Claim of ITC under GST in case of Business Reorganization
Under this topic one need to understand how we will claim the unclaimed ITC as on the date of business reorganization means thereby that when there is change in the constitution of business under the following circumstances ; “sale, merger, demerger, amalgamation, lease or transfer of the business “ So, if there is business reorganization as mentioned above ,
