Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
GST rates on supply of affordable and non-affordable residential apartments in a real estate project (REP) are 1.5% and 7.5% respectively, while commercial apartments attract 18% GST. A promoter can supply affordable and non-affordable apartments conjointly, subject to prescribed conditions. For construction of commercial apartments in a REP other than residential real estate project (RREP), GST rate is 18%. Input tax credit is restricted for goods and services used in construction of immovable property on taxpayer's own account, even if used in course of business, except for plant and machinery, as per Section 17 of CGST Act.
GST rates on supply of affordable and non-affordable residential apartments in a real estate project (REP) are 1.5% and 7.5% respectively, while commercial apartments attract 18% GST. A promoter can supply affordable and non-affordable apartments conjointly, subject to prescribed conditions. For construction of commercial apartments in a REP other than residential real estate project (RREP), GST rate is 18%. Input tax credit is restricted for goods and services used in construction of immovable property on taxpayer's own account, even if used in course of business, except for plant and machinery, as per Section 17 of CGST Act.
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