Posts tagged with GST

GST on Supply of Bricks Increased From 5% to 12%
Sep 2021 , by in ALLIED

The GST Council has agreed to raise GST on supply of bricks to 12% from 5% with input tax credit (ITC) from April 2022. "Brick kilns would be brought under a special composition scheme with a threshold limit of Rs 20 lakh, with effect from April 1, 2022. Bricks would attract GST at the rate of 6% wi... Read more...

SWAMIH Completes First Residential Project
May 2021 , by in News/Views

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman handed over possession to homebuyers virtually as Government of India’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completed its first residential project. The residential project - Rivali Park, loca... Read more...

CSR Expenditure Can Earn GST Input Tax Credit: AAR
Apr 2021 , by in ALLIED

The UP bench of the Authority of Advance Ruling (AAR) has ruled that corporate social responsibility (CSR) expenses incurred by a company in the course of business are eligible for input tax credit under goods and services tax (GST) regulations. It pointed out that CSR expenditure is incurr... Read more...

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