GST raids in 15 states for fraud

The intelligence resulted in finding that some commercial entities were exporting goods out of India on payment of tax (IGST).

18 pc GST on flat owners paying monthly maintenance of over Rs 7,500

Tax liability would be calculated for a person who owns two or more flats in the housing society or residential complex.

The liquidity crisis is the major factor preventing completion of over 5.6 lakh stalled units across top seven cities.

Fewer launches helped unsold housing stocks shrink by 10 per cent to 8,00,438 units in Q4 FY19 as against 8,90,719 units in Q4 FY18.

According to officials, the accused firms, RoundPay Techno Media and RoundPay Voice Tech, were both registered at same address in Lucknow.

Airlines could expect an annual relief of up to Rs 5,000 crore by way of input tax credit if ATF is brought under GST.

With this extension, businesses which wish to claim ITC benefit for July 2017-March 2018 period can do so till October 25.

The analytics was conducted based on data between July to March - the first nine months of GST rollout.

Food and beverages distributed at educational institutions would be subject to Goods and Services Tax (GST) of 5 per cent.

Once GSTIN is inserted in system, it would show taxpayer details like legal name, status (active or cancelled).