GST (Goods and Service Tax) in India is an Indirect tax in India. As per the GST laws it is necessary to apply for GST registration when a business falls under certain criteria. GST registration can be done easily by the help of Legal Docs experts.
You can visit www.encomply.com to take care of all your GST-related problems. This portal will take care of your GST returns, invoicing and other GST application requirements and more.
Hello Prabhat, In real estate, since land is an immovable asset, the industry has been given a 33 percent abatement on the 18 per cent GST. Therefore, the effective charge on the sector is now 12 percent as against the listed 18 percent. There is no GST levied on completed projects which are again considered immovable assets.
Any business in India that supplies goods or services with the turnover exceeding Rs. 20 lakh (Rs. 10 lakh for North Eastern and hill states) has to get registered under GST. You have to pay the GST from, Ist July 2017. To get more details, you can you this link https://cleartax.in/s/what-you-must-know-about-gst-registration