Land Leasing, Renting To Attract GST From July 1

Come July 1 and leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the Goods and Services Tax.Sale of land and buildings will be however out of the purview of GST, the new indirect tax regime. Such transactions will continue to attract the stamp duty, according to the legislations Finance Minister Arun Jaitley introduced in the Lok Sabha yesterday for approval.Electricity has also been kept out of the GST ambit in pvt ltd company registration in Delhi.

GST, which the government intends to roll out from July 1, 2017, will subsume central excise, service tax and state VAT among other indirect levies on manufactured goods and services. The Central GST (CGST) bill -- one of the four legislations introduced, company incorporation in India states that any lease, tenancy, easement, licence to occupy land will be considered as supply of service. Also, any lease or letting out of the building, including a commercial, industrial or residential complex for business or commerce, either wholly or partly, is a supply of services as per the CGST bill.

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5 Advantages of an Online Company Formation Services.

It used to be that pvt ltd company registration in Delhi was process that most owners for new business dreaded doing. But that was before online company registration was made possible. Now gone are the days when a company owner has to go the inconvenience of personality visiting a registration center, Faced with the possibility of having to wait days before his business can be declared official.

Today, forming a company is now a simple and straightforward process. That said, there are still plenty of would-be business owners who are reluctant to take advantage of registering a company through the Internet simply because it is known to be a notorious playground for shameless scammers and fraudsters. To combat this problem, online company registration service providers have taken extra measures to provide security and protect the privacy of their clients.

There are actually plenty of reasons why entrepreneurs ought to register their companies through the Internet, but here we are only going to talk about the 5 advantages of registering a company online in India.

Income Tax Collection Rises 30% in June Quarter.

The Tax department is hopeful of meeting the revenue assortment target for twelve month 2016-17, a prime official aforesaid on Tuesday. 

Indirect tax assortment rose regarding thirty.8 per cent throughout april-june to RS one, 99, 970 crore, against Rsone, 52,740 large integer within the corresponding amount a year past, 
The collection up to June indicates that twenty five.7 per cent of the annual budget target of indirect taxes has been achieved within the 1st 3 months of the yr.  PVT LTD company registration in Delhi.

We have done fine to date. assortment within the June quarter from central excise customs and serve tax place along square measure thirty per cent a lot of from the year-ago amount. Central board of excise and customs chairman Najib sovereign on the sidelines of an occurrence here.