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Arunachal Approves 50 per cent SGST Reimbursement

Kalai II hydro project gets major tax relief.

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Railways Seeks GST Solution for DFC Payouts

Indian Railways explores ways to avoid proposed GST on Dedicated Freight Corridor (DFC) payouts

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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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Rajasthan issues EV Policy 2021 to boost electric two-wheeler sales

Rajasthan has released EV Policy, 2021 to ramp up sales of two-wheeler e-vehicles

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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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