Some Critical GST Issues in Real Estate Sector

Some Critical GST Issues in Real Estate Sector
Author: V.S. Datey
Publisher: Taxmann Publications Private Limited
Total Pages: 33
Release: 2020-07-11
Genre: Law
ISBN:
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This E-book covers the GST implications on critical Issues relating to Real Estate Sector. Issues discussed include taxability of: (i) Real Estate Projects under RERA, (ii) Renting and Leasing of Immovable Property, (iii) TDR/FSI/Long Term lease, (iv) Sale of Land and Developed Plots, (v) Works Contracts, (vi) Government related construction contracts.

Practical Guide to GST on Real Estate Industry

Practical Guide to GST on Real Estate Industry
Author: CA Madhukar Hiregange
Publisher: Bloomsbury Publishing
Total Pages: 1135
Release: 2021-06-10
Genre: Business & Economics
ISBN: 9390252113
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About the book The purpose of this book is to enable the taxable person to understand the applicability and impact of GST provisions with respect to the Real Estate Industry. The comprehensive and in-depth practical knowledge of the four authors would help in implementation of the provisions in an easy manner. This book is divided into eight parts as follows: Part 1 - Introduction and Overview Part 2 - GST impact analysis on real estate developers: Complex Developers, Joint development, contractors and other income. Part 3 - Detailed operational law containing classification, registration, tax credits, documentation, payments etc. Part 4 - Detailed procedural law containing assessment, audit, advance ruling, appeals, penalties, demands etc. Part 5 - Tax planning avenues, GST and RERA, Transitional provisions Part 6 - Disputes and department actions, [focussing on possible dispute area & resolution]. Part 7 - Role of Professionals from GST audit and tax planning perspective. Part 8 - Miscellaneous: 220+ FAQs and filled forms. Appendices containing FAQs released by CBIC and Important Notifications. Key Features Detailed and practical analysis of the GST provisions with case laws pertaining to the real estate industry. Covering all possible dispute areas along with their resolutions. Detailed analysis of the tax planning aspect. Covering extensive FAQs for removal of doubts. Blank as well as filled forms for better understanding. Detailed discussion on the role of professionals on how they can help in various GST matters. Visit http://bit.ly/GSTrealestate for Free online updates and important information.

GST Audit Handbook - Government Perspective

GST Audit Handbook - Government Perspective
Author: CA Madhukar Hiregange
Publisher: Bloomsbury Publishing
Total Pages: 394
Release: 2021-05-31
Genre: Law
ISBN: 9354351263
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About the Book This book supplements and expands the concepts, guidelines, principles, details and working methods in the GST Audit Manual published by the government wherever it was felt that there is a need. This book is divided into 12 chapters as follows: Chapter 1: Overview of GST Law Chapter 2: Objectives, principles and statutory provisions of department audit Chapter 3: Selection of taxpayers for audit Chapter 4: Preliminary work – Before allocation of audit Chapter 5: Preparation for audit with the help of available and collected data and desk review Chapter 6: Audit verification – conduct of audit Chapter 7: Audit report and follow up Chapter 8: How to Read Financial Reports/Statements Chapter 9: Relevant Accounting Standards for the purpose of auditors Chapter 10: Important decisions relevant for audit Chapter 11: Common errors Chapter 12: Modus operandi of frauds and detection of GST frauds KEY FEATURES Includes drafts of letters to tax payers. Contains detailed internal evaluation questionnaire. Samples of walk through, audit plan, tables for trend and ratio analysis. Details of verification work in the office before audit and during audit. Covers latest case laws relating to audit and GST issues. Contains guidance on 'How to read financial reports?' Discussion of relevant Accounting Standards.

Taxmann's GST on Works Contract & Other Construction/EPC Contracts – Comprehensive guide covering key issues like input tax credit, liquidated damages, and sector-specific insights

Taxmann's GST on Works Contract & Other Construction/EPC Contracts – Comprehensive guide covering key issues like input tax credit, liquidated damages, and sector-specific insights
Author: Sudipta Bhattacharjee
Publisher: Taxmann Publications Private Limited
Total Pages: 19
Release: 2024-10-01
Genre: Law
ISBN: 9364559533
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This book is a comprehensive guide that discusses and analyses the complexities of GST as it applies to works contracts, construction projects, and EPC contracts across various industries. It covers critical topics such as the definition of works contracts under GST, input tax credit eligibility, valuation, sector-specific guidance (e.g., oil & gas, real estate, power generation), and best practices for tax controversy management. Its practical approach includes case studies, international comparisons, and up-to-date legal precedents. This book is a helpful reference for tax specialists, legal advisors, and professionals navigating GST compliance in construction and related sectors. The Present Publication is the 10th Edition and has been amended by the Finance (No. 2) Act, 2024. It covers the recommendations of the 54th GST Council Meeting held on 09-09-2024 and is authored by Sudipta Bhattacharjee, Rishabh Prasad & Abhishek Garg, with the following noteworthy features: • [What's New in the 10th Edition] o Latest Amendments – This Edition incorporates all amendments up to 1st September 2024, reflecting the most up-to-date legal changes and amendments in the GST law o Hot-Button Issues – Expanded coverage of hot-button issues such as: § Input Tax Credit in Works Contracts § Impact on Advances and Security Deposits § Treatment of Free-of-cost Supplies o Liquidated Damages & GST – A new in-depth chapter discusses the latest legal positions on liquidated damages, mainly focusing on the evolving jurisprudence in India and the European Union/UK o GST Rates & Classifications – Detailed guidance on GST rates applicable to various works contracts, with clear explanations of classifications and valuations under GST law • [Comprehensive Practical Guide] The book serves as a complete practical guide providing a detailed understanding of GST's impact on a wide range of construction and EPC contracts, as well as concession agreements • [Sector-wise Coverage] It includes sector-specific analysis for industries such as oil & gas, roads, real estate, ports, urban water projects, thermal and solar power projects, and large manufacturing units, making it a unique reference guide • [Detailed Chapter Structure] The book is divided into easy-to-read chapters covering the constitutional framework, sectoral guidance, input tax credit, valuation issues, and complex topics such as immovable property, free-of-cost supplies, liquidated damages, and anti-profiteering provisions • [Evolution from Pre-GST Era] The text also traces the evolution of key concepts from the pre-GST era, providing a holistic understanding of the shifts in tax law over time • [International Comparative Perspective] A dedicated chapter explores how construction contracts are treated under international VAT/GST regimes, providing valuable global insights • [Case Studies] Several chapters feature real-life case studies, helping readers practically understand whether specific contracts would qualify as works contracts under GST • [Legal Precedents] The book discusses the legal position on liquidated damages in the context of GST, with updated references to international legal frameworks, particularly in the European Union and the UK • [Practical Strategies] It provides practical strategies for structuring construction and EPC contracts, as well as best practices for managing tax controversies • [Inclusion of Appendices] The book contains detailed appendices that include relevant notifications and circulars to aid in compliance and practical application of GST laws The structure of the book is as follows: • Chapter 1 – Introduction to the Scheme of GST • Chapter 5 – What is Immovable Property in Works Contracts? • Chapter 17 – Liquidated Damages Under Works Contracts & GST Implications • Chapter 22 to 27 – Works Contract Implications in Various Sectors (Oil & Gas, Real Estate, Roads/Highways, Ports, Thermal and Solar Power) • Chapter 31 – Structuring Various Types of Works Contracts Under GST • Chapter 33 – Best Practices for Managing Tax Controversies • Annexures – CGST rate schedules, Maharashtra GST Act, explanatory notes on service classification

Madhukar Hiregange's A Practical Guide to GST Audits and Certification

Madhukar Hiregange's A Practical Guide to GST Audits and Certification
Author: CA Madhukar Hiregange
Publisher: Bloomsbury Publishing
Total Pages: 782
Release: 2021-03-15
Genre: Business & Economics
ISBN: 939017600X
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About the Book The fourth edition of this book has been written with a perspective to enable the taxpayers to ensure compliance with the applicable provisions of GST. The vast experience of the four authors in consulting, adjudicating, judging and implementation of indirect taxes would immensely help the professionals implement GST provisions and conduct of audit in an easier way while providing value to their clients/employers. The book is divided into 5 parts as follows: Part 1 – Overview of GST law and insights on good accounting practices and professional opportunities from the perspective of GST Audit. Part 2 – Background of the Annual Returns, role of professionals and a detailed clause by clause analysis with Practical FAQ's for filing the Annual Returns in Form GSTR 9. Part 3 - Background of the GST Audit, role of professionals and a detailed clause by clause analysis with Practical FAQ's for filing the Reconciliation statement in Form GSTR 9C. Part 4 – Checklists, Formats,FCQ's, Templates and Practical Methodology of conducting GST Audit [verification of documents/transactions after evaluation of internal control, reconciliations with tips to mitigate demand, common errors to avoid]. Part 5 – Customs Audit, year-end action points for taxpayers, other GST Certifications and Departmental Audit. Appendices containing the gist of important notifications, guidance notes, standards, forms of audit under GST, and important templates for ready reference of professionals.

20 Practice Sets for IBPS Bank Clerk 2019 Preliminary Exam - 15 in Book + 5 Online Tests 4th Edition

20 Practice Sets for IBPS Bank Clerk 2019 Preliminary Exam - 15 in Book + 5 Online Tests 4th Edition
Author: Disha Experts
Publisher: Disha Publications
Total Pages: 213
Release: 2019-07-19
Genre:
ISBN: 9389187532
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The 4th Edition of the book 20 Practice Sets for IBPS Bank Clerk Preliminary Exam 2019 provides 20 Practice Sets for the Preliminary Exam out of which 15 tests are in the book and 5 Tests have been provided online so as to provide the online experience to the students. The book also provides the 2018 Prelim Solved Paper. Each Test contains all the 3 sections Reasoning Ability, Numerical Ability and English Language as per the latest pattern. The solution to each Test is provided at the end of the book. This book will really help the students in developing the required Speed and Strike Rate, which will increase their final score in the exam.

IBPS Clerk 8 Year-wise Preliminary & Mains Solved Papers (2011-18)

IBPS Clerk 8 Year-wise Preliminary & Mains Solved Papers (2011-18)
Author: Disha Experts
Publisher: Disha Publications
Total Pages: 217
Release: 2019-07-02
Genre:
ISBN: 9387045757
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IBPS Clerk 8 Year-wise Preliminary & Mains Solved Papers (2011 to 2018 - since IBPS started conducting this exam) consists of the detailed solutions of the past 8 Year papers of 4 IBPS Prelim Papers (2015 - 2018) and 8 Mains Papers (2011 - 2018). The book also provides the Trend Analysis of last 5 years.

Essays in Honor of William N. Kinnard, Jr.

Essays in Honor of William N. Kinnard, Jr.
Author: C.F. Sirmans
Publisher: Springer Science & Business Media
Total Pages: 339
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1441989536
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The first section of the book contains seven original essays, arranged in order to coincide with Bill's (chronological) professional career. These essays cover a wide variety of real estate topics, including valuation theory, definition of market value, market analysis, the appraisal process, role of the appraiser as an expert witness, valuation under environmental contamination, and international real estate issues. The second section of the book reprints eleven of Bill's most influential papers, selected with the help of forty of his colleagues. These articles, written by Bill and various co-authors, represent only a portion of his contributions to real estate theory and practice. They are "classics" in real estate education. The final section contains personal reflections by colleagues, family and friends of Bill. One of Bill's most influential publications is his classic text, "Income Property Valuation", and is frequently cited in the testimonials. These testimonials provide clear evidence that Bill was an excellent teacher and real estate professional. He truly cared about his students and colleagues and worked hard to move the real estate profession forward.

Annual Real Estate Book

Annual Real Estate Book
Author: Sanjeev Kathuria
Publisher: Torbit Consulting
Total Pages: 166
Release: 2022-03-29
Genre: Business & Economics
ISBN: 819538272X
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A Year of Realty Renaissance In the year 2020, we were caught completely unaware by the covid pandemic, causing big setbacks to businesses and economy and real estate was no exception. However, the year gave us great learnings in terms of making our businesses shockproof to face massive disruptions like pandemic. It taught us to quickly adapt to new situations, ensuring continuity of business operations. Torbit 2020, our maiden and valuable guide for the industry stakeholders, captured these turbulent times, giving rich insights into various facets of real estate by leading industry experts. The dawn of 2021 brought a new hope of revival of businesses including real estate. But these hopes were dashed after the first quarter when the deadliest second wave of Corona dealt a devastating blow. But the lessons learnt from the first wave of Corona in 2020, came handy to cope with this catastrophe. And the real estate showed great resilience to not just quickly come out of the crisis but also made a remarkable recovery. Particularly, residential real estate registered a record growth, matching the pre-covid levels in 2019. The solid gains made by real estate in 2021, has laid a strong foundation for high growth in 2022, supported by the improving economy and businesses and the revival of the market sentiment and confidence of property buyers and investors. In this promising background we present our yearly handbook- Torbit 2021. It is a part of our larger platform - Torbit Consulting, a mission to educate and empower various stakeholders of the industry on both demand and supply side including property consumers. This valuable knowledge resource provides rich insights into residential, commercial and emerging asset classes of real estate through a series of stimulating and enriching articles. It also serves as a guide for the stakeholders, especially property buyers. Torbit 2022 is a collection of authoritative, authentic and analytical articles by well-known industry professionals, capturing the journey of the real estate sector in 2021, and the road ahead in 2022. Deepak Parekh, industry veteran and chairman of HDFC Limited writes about housing and real estate heading for the best of times. Real estate icons Niranjan Hiranandani, MD, Hiranandani Group and Vice Chairman, NAREDCO and Ramesh Nair, CEO India & MD, Market Development, Asia, Colliers, talk about the investment opportunity in real estate. Mudassar Zaidi, ED, North, Knight Frank India, writes about the much-needed tool of authentic data and transparency to drive real estate while Ash winder R Singh, former CEO, Residential, JLL India and presently CEO-Residential, Bhartiya Urban dwells on the distorted understanding of internet in real estate. SureshSingaravelu, talks about reinventing retail real estate in post-covid times. Post-covid, technology has made big strides in real estate. The book features a number of articles on this key aspect. These include Technology in Real Estate; Make or Break Paradigm, Indispensability of Technology Post-Covid, Construction Technology is Reshaping Real Estate, Post-Covid Scope in Digital Marketing, Data Caners- Fuel that will fire Commercial Real Estate. Then, there are a series of knowledge articles for the supply side stakeholders. These include Role of Construction Management, Lease Process of Commercial Real Estate, Facility Management-Pillar of Real Estate Business, Real Estate Needs Transformation from Owner to Corporate Governed Business, Need for Ethical Real Estate, making of an Exemplary Marketer, C-Cube Mantra for Success, Perspective on Luxury Living, the book features a number of useful articles for the guidance of property buyers/consumers. These include Tips to Finalise Your Property, rent vs Buy, Home Construction or Home Buying-Design & Construction Aspects, A Tenant Guide to Common Areas Maintenance, All About Buying a Home in the Hills and Why Suburban Areas Score Over Big cities. The book focuses on the post-covid landscape of real estate and what lies ahead in 2022. Real Estate Foreseen 2022, ABCD of Real Estate Post -Covid, Co-Working Spaces-Key to Post-Covid Office Expansion Strategy, Building Design Switch Necessity Post-Covid, Need for New Strategies & Models for Workspaces, Happy reading and glad tidings for 2022!

IBPS Bank Clerk Guide for Preliminary & Main Exams with Past Papers with PYQs, 100+ Hours Video Course & 4 Online Tests 13th Edition | 5 Online Tests | 3600+ MCQs | Fully Solved

IBPS Bank Clerk Guide for Preliminary & Main Exams with Past Papers with PYQs, 100+ Hours Video Course & 4 Online Tests 13th Edition | 5 Online Tests | 3600+ MCQs | Fully Solved
Author: Disha Experts
Publisher: Disha Publications
Total Pages: 718
Release:
Genre: Antiques & Collectibles
ISBN: 9355647751
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The thoroughly revised & updated 13th edition of the book IBPS CWE Bank Clerk Examination Guide powered with PYQs, 100+ Hours video course contains; # specific sections on: Reasoning Ability; English Language; Quantitative Aptitude; General Awareness with special reference to Current Affair & Banking Awareness & Computer Knowledge. # to the point theory with illustrations followed by a set of exercise with solutions. # 2012 - 2023 Solved papers including the 2015 - 23 Prelim & Main papers divided in the respective Chapters. # A total of 3600+ MCQs with 100% explanations to Quant, Reasoning & English sections. Study material for Banking/ Economics Financial Awareness with Past years’ Questions & Practice Questions is covered in the book. # 100+ Hours of Video Course in Quant, Reasoning, English & GK developed by a team of Disha Experts. Link provided in the Book. # 4 Online Tests - 2 Prelim and 2 Main Exams which will provide you the right exposure and practice for the exam. Link provided in the Book.