As the builder will never disclose the details of input tax credit, similar to Restaurants, Govt should abolish ITC for builders and reduce GST for apartments. more
To The Admn. An earnest appeal cum sincere suggestion: Will the Admn. think of having an-built device in its system (for communication), a suitable one, thereby help and save all, from the painstaking attempt at being obliged to waste time in, and energy on, participating, repeatedly on any such point of doubt being raised again and again, without the querist trying to search for and finding out the related in-put /feedback material available already in plenty, in public domain! For an appreciation of the suggestion in the right perspective, may look up the reply Link given - https://www.facebook.com/swaminathanv3/posts/1508366222572992?pnref=story more
Actual is 18%. If we are buying flat then on land 6% GST will be reduced so effective rate is 12%. Since builders are getting input tax credit on purchase of material they are supposed to pass on benefit to customers then the charge to us will come down to 3 to 4%. Where as builders are pocketing input tax crediting & charging us. Govt dhould wake up & fix effective rate after calculating the actual input tax credit taken bu builders. In that case we will get approx saving of 8%. GST is applicable on the money paid thru Chq. more
GST office dont make any gate pass , no security checks . Is this to facilitate people to walk in with cash and gifts for officials. What happens if terrorist gets in .
Indian taxation is truly hell, the average Indian gets paid 20x less than average westerner but pays 10x more for essentials like laptops while 50x for cars. This is literally butchering the middle...
According to my husband, Corruption in GST starts from registration itself now. Getting told it's impossible to get it done in Delhi without a bribe. You get a query for more docs with t...
You can get a rate card for everything in gst office Registration 10k Assessment where no tax payable 15 k Refunds 4% This is what a friend is saying. LC Manager must esc...
Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...
7 years post the launch of GST I must tell you that most retail services businesses in India still evade it and Govt has failed to do anything. From ac repair fellow to caterers and from...
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%...
By Ruchika L Maheshwari
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