GST

GST Invoice
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CorporateNews

B2B Invoices to be Generated on Govt Portal by Sep

The move aimed at curbing the menace of fake invoices and evasion of GST All invoices for business-to-business sales by entities beyond a specified turnover threshold will be generated on a centralised government portal by September, a move aimed at curbing the menace of fake invoices and evasion of GST, officials said. The revenue secretary

  • May 6, 2019
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33rd GST Council Meeting
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RealtyRealty Residential

GST Rates Cut, Affordable Housing Redefined

The GST rates cut is intended to give a boost to the real estate sector The slash in GST rates to 5% without ITC from the previous 12% with ITC for premium homes, and to 1% minus ITC for affordable homes from the earlier 8%, gives the beleaguered realty sector the much-needed breathing room and

  • February 24, 2019
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RealtyRealty Residential

Real Estate on a Growth Trajectory

The recently released JLL FICCI report indicates that office, affordable housing and student housing segments of realty are set to surpass previous highs in terms of space and investment. According to Ramesh Nair, CEO & country head at JLL India, “India’s real estate sector is at an inflection point and the evolutionary trends in the

  • January 19, 2019
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CorporateNews

Simplified GST Return Forms to be Rolled Out in April

New simplified GST return forms will be rolled out in the next fiscal year and will become applicable from 1 April 2019. The GST return forms Sahaj and Sugam would replace GSTR-3B (summary sales return form) and GSTR-1 (final sales returns form). Revenue secretary Ajay Bhushan Pandey has said that the government is confident of

  • December 19, 2018
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CorporateNews

GST is Encouraging Deep Interior Coverage

Namit Bajoria, director Kutchina feels GST has led to fewer hassles, less paper work and shorter transit time How would you explain the impact of GST on the kitchen business? With a single tax GST across the country, shipment and sales of goods across the country has become easier, thus opening up the Indian economy

  • September 18, 2018
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FintechManagement

Competitive Edge of Fintech is Intact

 GST was expected to be challenging in the short-term, says Sanjay Phadke, EVP-platform & FI business head – Vayana Network GST has been a mega step in formalising the Indian economy. The transformation from a cash-based disconnected one to a digital, data-rich ecosystem has accelerated with the unveiling of GST. Overall, the financial services sector, including the

  • September 17, 2018
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CorporateNews

A Work in Progress

GST has been billed as the country’s most ambitious economic reform in decades. It aims to make tax administration more efficient, bring in transparency, and remove red tape. As the tax enters its second year, Sourcing Hardware spoke to various stakeholders. Leaders across the industry are of the opinion that despite the initial hiccups, the

  • September 15, 2018
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CorporateNews

GST: Second Year Would be a Game-changer

Watertec India’s CEO Bantwal Ramesh Baliga is of the opinion that GST implementation in itself was the biggest hit in the first year  How did GST impact the economy and the building products industry? The impact of GST has been very positive though it has taken time for the economy and the people to understand

  • September 12, 2018
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CorporateNews

GST: Cascading Tax Effect has been Almost Nullified

With 50% more assessees entering the tax net GST has obviously been positive, if not immediately, at least for the long term. The country’s GDP however has moderated since its start. But I think that is more due to global headwinds and not so much due to GST. As expected, the highly digitised and completely

  • September 10, 2018
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CorporateNews

GST: Small or Big, Everyone is on Equal Footing

A pre-paid tax account, 2% turnover tax, and free filing software are some radical suggestions that IBMA president Ajit Garg has to offer the government when it comes to talk about GST. We sat down with Garg to get his take on how GST has performed, what has been its impact on the bath fittings

  • September 4, 2018
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CorporateNews

How Independent is Indian Real Estate Today?

Anuj Puri, chairman – ANAROCK Property Consultants In the 71 years since India gained independence, the country’s real estate market has changed tremendously. While it has not always been consumer-favouring throughout this period, it is certainly so today. The country’s cities have expanded, new economic drivers have come in and jobs are being created at

  • August 31, 2018
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CorporateNews

Profiling the Indian Entrepreneur

Dr Frank-Jürgen Richter,  German entrepreneur and chairman of Horasis, cites global surveys and cautions against bias while sampling entrepreneurs in India and elsewhere We are persuaded by the media that young and beautiful (or handsome for the men) is best.  It is said they are ‘the tops’ and we ought to desire their positions if we are

  • August 30, 2018
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Management

Our Leadership is in Compliance: Busy

Fast changing rules are making compliance a tricky proposition, and India’s micro, small and medium businesses (MSMEs) are hard pressed to stay on the right side of the law. New Delhi-based Busy Infotech Pvt Ltd, whose ‘Busy’ business management software has seen over three lakh installations worldwide, is claiming to the saviour of traders and

  • August 27, 2018
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CorporateNews

Transitioning Through a Revolutionary Phase

Antao AV Warehousing, which was once sidelined in the larger scheme of things, is now rapidly gaining prominence across the Indian realty sector. There are many factors at the micro and macro-economic level that are coming to play, making warehousing anattractive proposition for investors looking to leverage the significant tailwinds witnessed around it.In fact, the

  • August 6, 2018
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CorporateNews

Top 5 Common Myths of GST in Real Estate Debunked

Ramesh Nair, CEO  & Country Head, JLL India debunks a few myths related to GST in real  estate  The Goods and Services Tax (GST)—India’s biggest tax reform post-independence—was implemented on 1 July 2017. This new tax regime seeks to transform the Indian economy with its ‘One Nation, One Market, One Tax’ principle by subsuming a host of

  • June 13, 2018
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CorporateNews

One Year of GST – Good, Bad or Ugly for Real Estate?

Even almost a year after GST implementation, the only real clarity that exists for property buyers is on the prevailing GST rate of 12% on under-construction projects The Goods and Services Tax (GST), a revolutionary tax reform rolled out in July 2017, has effectively replaced the previous Gordian Knot of multiple taxes like VAT, central

  • June 8, 2018
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CorporateNews

Bath Fittings Small Sector Ready to Grow Up

IBMA’s third AGM showed the resolve of SMEs to get organised and become technologically competitive The Indian Bath Manufacturers Association (IBMA) held its third Annual General Meeting in New Delhi on 5th May. The event, which also included a technical seminar and exhibition of component suppliers, was attended by over 250 members of the fraternity.

  • May 14, 2018
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