Land Leasing, Renting To Attract GST From July 1

Come July 1 and leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the Goods and Services Tax.Sale of land and buildings will be however out of the purview of GST, the new indirect tax regime. Such transactions will continue to attract the stamp duty, … Continue reading Land Leasing, Renting To Attract GST From July 1

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Govt Cracks The Whip On Shell Companies

After trying to tighten the rules against shell companies through its Budget proposals, the government has decided to follow with “harsh punitive” action that will include freezing of bank accounts and striking off the names of dormant companies.Their investments in real estate could also come under the scanner, as the government has also decided to … Continue reading Govt Cracks The Whip On Shell Companies

Poem Rules Only For COS earning Over Rs 50 CR.

The Central Board of Direct Taxes, the apex direct taxes body, has issued a circular clarifying that the provisions relating to place of effective management (POEM) will apply to companies with over Rs. 50-crore turnover. The clarificatory circular comes after a CBDT press release specified this but the circular issued omitted a mention in chartered … Continue reading Poem Rules Only For COS earning Over Rs 50 CR.

No GST Credit If Vendors are Not Paid In 90 Days.

The Government circulated draft of the GST Model Law requesting for suggestions from the industry. The industry and experts have been poring over the draft. The article seeks to highlight the need to reconsider one of the provisions related to input tax credits. The proposed GST Legislation appears to deny tax credit in relation to … Continue reading No GST Credit If Vendors are Not Paid In 90 Days.

India’s Growth Rate of More Than 7% is The Strongest Among G-20 Countries OECD Survey.

The Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide. Further reforms are now necessary to maintain strong growth and ensure that all Indians benefit from it, according to a new report from the OECD. The latest OECD Economic Survey of India 2017 finds that the acceleration of structural … Continue reading India’s Growth Rate of More Than 7% is The Strongest Among G-20 Countries OECD Survey.

Increase Employee Motivation in Your Company

All of these benefits can lead directly to higher retention as well as increased productivity and morale. How can you improve employee motivation in your company? The answer can be found in understanding and identifying the primary motivators in your company in payroll management services. Understanding Employee Motivators A recent study found that as employee … Continue reading Increase Employee Motivation in Your Company