input tax credit
Tata Steel Faces ₹890 Cr GST Notice for Alleged Tax Credit Irregularities
Tata Steel has received a demand-cum-show cause notice from the Central Goods and Services Tax (CGST) and Central Excise Department, Jamshedpur, which is...
Industry Body Slams Retrospective GST Rule Change on Commercial Construction
The Centre’s recent retrospective amendment to the GST Act, denying input tax credit (ITC) on building materials consumed in commercial constructions like malls...
Why Cement Still Faces 28% GST: Revenue Needs vs. Infrastructure Goals
More than six years after the GST Council shelved a proposal to lower tax on cement, the vital construction material continues to be...
Real Estate Industry Pushes for Tax Incentives and Affordable Housing Reforms in Budget 2025
With the Union Budget 2025 just around the corner, real estate industry heads are expecting the government to announce reform measures to push...
GST Amendment to Increase Realty Project Costs, Lease Rents
The GST Council’s recent decision to retrospectively amend the Central Goods and Services Tax (CGST) Act from July 1, 2017, could significantly impact...
CREDAI Urges Govt to Drop 18% GST on FSI Charges, Citing Housing Price Hike Risks
The Confederation of Real Estate Developers’ Associations of India (CREDAI) has called on the government to reconsider its proposal to impose an 18%...
