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GST Council defers decision on tax on real estate

Wednesday, February 20, 2019, 2:37 PM

The GST Council has deferred a decision on tax rates on real estate and lottery till Sunday, and extended the deadline for businesses to file sales returns for January till Friday. Finance Minister Arun Jaitley said, because of the rush of filing of returns, the due date has been extended till February 22 for all states; and February 28 for Jammu & Kashmir.
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NGT fines Rustomjee Developers Rs 1 cr for environment norms violation

Thursday, February 14, 2019, 12:50 PM

The NGT has imposed an interim fine of Rs.1-crore on a private developer for violation of environment norms in construction of a residential project in Bandra area. In an order passed on February 11, the principal bench of NGT at New Delhi held that Rustomjee Developers violated four major environment norms at its residential project Rustomjee Oriana, located at MIG Colony in Bandra-East.
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95% real estate companies outside the income tax net, finds CAG

Tuesday, February 12, 2019, 5:51 PM

Nearly 95 percent of real estate companies registered with the Registrar of Companies (RoC) either do not have any permanent account number (PAN) or the RoC did not have any information in this regard. This is what the Comptroller and Auditor General (CAG) has found in its audit of real companies in 12 states.

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