Hello Friends, I am buying my first home in Pune which is under construction. Builder is charging 12% GST on Agreement Value. I am eligible for 8%GST as per CLSS scheme for MIG-2 category. Can I ask builder to revised cost sheet as he is insisting to complete Registration asap? What if builder does not agree to charge GST at 8%? Please assist as it seems like no one has clarity on this rule. more
We have a GST number for our one year old firm. As there was no business transaction, we did not remit any GST. We are now told that there is a penalty for not sending a nil form- sounds pretty vague when we did not send a return as there were no transactions. NOW WE HAVE RECEIVED A NOTICE FROM THE GOVT. MENTIONING THAT OUR GST LICENSE WILL BE CANCELLED in December. We are totally confused by these rules as we actually hope to get orders soon and will need a GST number which was already furnished to our bank and other authorities. Any advice will be welcome. Job Xavier 98923 29188 more
Job Xavier ji, GST Act and Rules Require you to file the Monthly Returns in form 3B even if you have no business. Hence, the notice issued by the Govt.hold good correct in respect of late filing levies / fees. But, in Nil return Cases, late filing fees are very less compared to with Transaction cases. more
Sir, you are eligible for concessional GDT of 8% only if the project in which you are buying is declared "affordable housing" by the government. If it hasn't been declared as such then GST of12% is leviable. more
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...
Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...
The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...
Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...
The Private tutors and coaching classes runners should be registered by the local authorities like Panchayats, municipalities and metros through simple forms with names, addresses of operators, the...
Rs6.14 lakh crore as input tax credit (ITC) remains blocked under Rule 86A by the tax authorities without any due process being followed. Attached is data by state. Can LocalCircles take up this is...
Dear All, I live in an affordable housing society under PMAY in Gurgaon for the past two years. Maintenance is supposed to be free for five years. Builder has increased CAM charges twic...
The leaders of the Govt, the babus of the Govt are very clueless LocalCircles and we have not done enough to wake up these people. Read below: 5% GST on COVID vaccine. 28% GST...
What's the most taxed product in India? It's not cigarettes, a can of aerated beverage or a bottle of whisky or beer. It's an AUTOMOBILE. It attracts the highest GST rate of 28% & a cess o...
By Sunita Varghese
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