Update on 34th GST Council Meeting dated

Update on 34th GST Council Meeting dated

The GST Council in its 34th Meeting held on March 19, 2019, discussed the modus operandi for implementation of lower GST rate of 1 percent on Affordable houses and 5 percent on houses other than Affordable houses (‘Other houses’) for ongoing and new projects. To Read...
Clarifications on GST treatment of sales promotion schemes

Clarifications on GST treatment of sales promotion schemes

The Ministry of Finance vide its Circular No. 92/11/2019-GST dated March 7, 2019 clarified GST positions for various sales promotion schemes prevalent in the industry. The gist of various clarifications is as under: Free samples and gifts The supplier provides samples...
Update on 34th GST Council Meeting dated March 19, 2019

Update on 34th GST Council Meeting dated March 19, 2019

The GST Council in its 34th Meeting held on March 19, 2019, discussed the modus operandi for implementation of lower GST rate of 1 percent on Affordable houses and 5 percent on houses other than Affordable houses (‘Other houses’) for ongoing and new projects....