Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
Benefit of Exemption from GST - affordable housing - The project referred to in the instant application which is currently under construction by the applicant is a Residential Real Estate Project (RREP) - The apartments in the said project qualify as affordable residential apartment as defined under the aforesaid notification - GST rate to be charged from customers for sale of flats in the said project, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier, shall be 1.5% (0.75% CGST and 0.75% SGST), as further reduced by 1/3rd to factor in the value of land. - AAR
Benefit of Exemption from GST - affordable housing - The project referred to in the instant application which is currently under construction by the applicant is a Residential Real Estate Project (RREP) - The apartments in the said project qualify as affordable residential apartment as defined under the aforesaid notification - GST rate to be charged from customers for sale of flats in the said project, except where the entire consideration has been received after issuance of completion certificate, where required, by the competent authority or after its first occupation, whichever is earlier, shall be 1.5% (0.75% CGST and 0.75% SGST), as further reduced by 1/3rd to factor in the value of land. - AAR
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
