The authority for advance ruling (AAR) in Tamil Nadu has ruled that a firm would have to reverse the input tax credit (ITC) proportionate to the post-purchase discount extended by a supplier even if the buyer has paid full GST on the transaction.
The Goods and Services Tax (GST) Council will on Tuesday consider the transition provisions for builders as the reduced GST rate for real-estate is coming into effect from April 1.
According to the minister, India received record FDI inflows in the last fiscal, and the country’s outbound investment flows are also increasing.
The laws largely deal with reform, acquisition, taxation, land use and records, said Namita Wahi, head of the Land Rights Initiative at the CPR, adding that some dated back to the colonial era, and many contradict each other.
“In their letter, while there has been no detailed proof for the allegations, a reference has been made about revision in GDP series post change in the base year to 2011/12 and the non-publication of NSSO labour force survey,” the accountants said in the enter.
Venezuelan Oil Minister Manuel Quevedo said that the country is taking measures to prevent a decline in oil production
The International Arctic Forum is a key platform for discussing the Arctic region’s problems and development at the international level
Putin has earlier given a start to operation of Balaklavskaya and Tavricheskaya thermal power plants in Crimea with full capacity
Sanctions did not benefit anyone, although they became an incentive helping national agricultural producers to tap the domestic market, the Russian president noted