Tag: real estate
CBIC issues Part II of FAQ on new GST rate structure notified for real estate sector F. No. 354/32/2019-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated the 14th May, 2019, New Delhi Subject: FAQs (Part II) on real estate- reg. A number …
Selling cost not part of cost of construction or WIP as per ICAI guidance note on accounting for real estate. ITAT delete addition made to Work in Progress ABCAUS Case Law Citation: ABCAUS 2638 (2018) (11) ITAT The appeal was preferred by the Revenue against the order of …
GST Rates on Real Estate-No GST is applicable on sale of ready to move-in or Completed property GST Rates on Real Estate No GST is applicable on sale of ready to made move-in or Completed property i.e. where the entire consideration has been received after issuance of completion …
Real Estate Sector under GST taxation regime-Clarification. One third deemed deduction on account of Transfer of Land or Undivided Share of land Chief Commissioner of Central Tax, Central Excise & Customs, Kochi, replying to a query from a private limited company has clarified on issues raised with respect …
Real Estate (Regulation and Development) Act, 2016-Role of Chartered Accountants Real Estate (Regulation and Development) Act, 2016 has been passed by the Lok Sabha on 15/03/2018. The Bill seeks to streamline and regulate the real estate project working by incorporating various measures to safeguard general public by prescribing …