INTRODUCTION
We are pleased to present the latest edition of Tax Street – our newsletter that covers all the key developments and updates in the realm of taxation in India and across the globe for the month of May 2019.
The taxation of real estate sector saw major changes being made effective from April 2019 by the GST Council. Apart from this, a string of crucial announcements and rulings in the realms of direct tax, transfer pricing and indirect tax have taken place. In this issue of Tax Street, we have tried to collect and synthesize all these significant developments to draw a holistic picture of the current tax landscape in India for your understanding.
- The 'Focus Point' section talks about the GST reforms introduced in the real estate sector with a view to give fresh impetus to the sector.
- Under the 'From the Judiciary' section, we provide in brief, the key rulings on important cases, and our take on the same.
- Our 'Tax Talk' provides key updates on the important tax-related news from India and across the globe.
- Under 'Compliance Calendar', we list down the important due dates with regard to direct tax, transfer pricing and indirect tax in the month.
We hope you find our newsletter useful and we look forward to your feedback. You can write to us at taxstreet@skpgroup.com. We would be happy to hear your thoughts on what more can we include in our newsletter and incorporate your feedback in our future editions.
Development under GST for Real Estate and Construction Industry
The demand in the real-estate sector has seen a dip in the past few years, primarily owing to the impact of demonetization and the regulations introduced through the Real Estate (Regulation and Development) Act, 2016 (RERA). In light of the above, it is important to study the sweeping changes introduced by the government to ease the pressure on both, the industry and the consumers.
Download >> Tax Street - May 2019
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
