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CGST Delhi East Boosts GST Compliance among Unregistered Businesses

GST Helpdesks were set up at the above locations to address queries and help in the GST registration process.

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Punjab Commission Dismisses Solar Firm鈥檚 Compensation Plea

SAEL Solar Solutions had entered into a PPA with PSPCL in 2022.

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SC allows real estate to claim input tax credits on construction costs

The court partially remanded the case to the High Court for further examination.

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Karnataka imposes 12% GST on maintenance of railway housing complexes

GST applies to services such as repairs and alterations of residential complexes

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Karnataka AAR imposes 18% GST on affordable housing constructions

Karnataka AAR ruled that 18% GST is payable on construction services

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Fuelling the economic engine

As a country, the first stage to providing a growth-led economy has been set as the verdict has been unanimous, allowing the current PM to continue the process of rebuilding India with the requisite authority in Parliament.

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GST

But impact across construction segments will be varied, analyses BINAIFER JEHANI, Director, Industry & Customised Research, CRISIL Research.

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Over to the Industry!

The main problem is that our rates of EPC are fixed while the government has proposed a slab of 18 per cent for EPC contracting, which is high. Thus, despite taking input credit, we will be affected by about 10-12 per cent.

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All sectors will benefit with the new GST regime owing to seamless flow of input tax credit

The GST regime has many provisions to address the concerns of medium and small enterprises and small entrepreneurs.The law provides for an exemption threshold whereby it is not mandatory for a business whose aggregate turnover in a financial year is less than Rs 20 lakh (Rs 10 lakh for special categ..

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A New Orbit

Despite the travails and teething troubles of India's new economic realities, the future looks bright in the long term, defined by modernity, maturity, transparency and accountability.

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