As of now, only the cost that contributes towards the output of a company — raw materials, input services, machinery, etc. — are eligible f...

GST at 18% is applicable on repair and maintenance funds and sinking funds collected by residents’ welfare association (RWA) or Housing Soc...

The decision overturns a 2019 circular issued by the Central Board of Indirect Taxes and Customs, which said exemption shall be granted onl...

It has been a very eventful and also a very challenging and exciting journey, says Rajnish Kumar.

The ministry clarified the ceiling of Rs 7,500 per month per member shall be applied separately for those who own two or more flats in a ho...

As per the rules, RWAs are required to collect GST on monthly subscription/contribution charged from its members if such payment is more th...

Finance ministry hoped that states through authorities, like panchayats and municipalities, would not increase the local taxes on entertain...

“Govt has taken a very balanced approach and right type of reforms are being envisaged .”

Property manager Chandrasekar Kaliamurthy said the maintenance charges of 15 apartment complexes on Rajiv Gandhi Salai have gone up in the ...

However, if an unregistered supplier of gold ornaments sells it to registered supplier, the tax under the reverse charge mechanism will app...

“Annual subscription charged as lodging or boarding charges by such educational institutions from its students for hostel accommodation sha...

Services provided by housing societies resident welfare association will not become expensive under the Goods and Services Tax (GST) regime...