According to section 18 sub clause 1 of BPT Act, 1950 trust registration is mandatory. It is mandatory to inform any change which occurs in the trust in respect of the trustees, movable or immovable properties etc. within a period of 90 days from the change as provided under section 22 of the B.P.T. Act, […]
This circular includes the necessary capabilities for making the refund procedure fully electronic, in which all steps of submission and processing shall be undertaken electronically, have been deployed on the common portal with effect from 26.09.2019.
38th GST Council Meeting concluded on 18th December 2019. Taxpayers can now avail provisional ITC on invoices not reflecting on GSTR-2A only to the extent of 10% of ITC reflecting in GSTR-2A and no longer 20%. CBIC had earlier notified that only 20% of ITC available in GSTR-2A can be claimed as provisional ITC in GSTR-3B starting from […]
MahaRera had issued clarification on the various forms required for the Project Updations . Certificate from the Project Architect in Form 1. Certificate from the Project Engineer in Form 2. Certificate from the Chartered Accountant in Form 3. Certificate from the Project Architect for each building / wing of the Real Estate Project in Form […]
Under proviso to Section 4(2)(l)(D): i. the promoter shall withdraw the amounts from the separate account, to cover the cost of the project, in proportion to the percentage of completion of the project; ii. the amounts from the separate account shall be withdrawn by the promoter after it is certified by an engineer, an architect […]
Whereas, the Chairperson, MahaRERA is vested with the powers of general superintendence and directions in the conduct of affairs of the Authority under section 25 of the Real Estate (Regulation and Development) Act, 201 6 (RERA). Whereas, Section 11(1) of RERA requires every promoter of a registered real estate project to carry out quarterly updates […]
Doubts have been raised across the field formations in respect of the appropriate procedure to be followed in case of non-furnishing of return under section 39 or section 44 or section 45 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the “CGST Act”). It has further been brought to the […]