All the under-construction properties will have a GST (i.e. Goods and Services Tax) rate of 12% w.e.f. July 1s, 2017. This uniform rating system will help to eliminate disorganization of dual tax charges in the form of service tax, VAT (value added taxation) and various other multiple tax brackets. GST will put a conclusion to …
Continue reading "Under-construction properties to have 12% tax, due to the new GST rates"
The change over to the GST regime in India is certainly one of the biggest tax changes that has taken place, since our independence. From July 1 2017, GST, i.e. Goods and Services Tax will effectively cut all the Gordian knot of taxation difficulty in the country. In other words, GST will replace all the …
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