17TH JUNE 2019 NEWS

REATY NEWS

Goods and services tax, a game changer? Not for home decor firms at least

Publication: MINT Date : 16 JUNE 2019

Unorganized companies are estimated to have a share of 50-75% Lower taxes, along with greater compliance, was expected to accelerate the market share gains for organized businesses

18TH JUNE 2019 NEWS

GST NEWS

GST Council meet on 21 June to focus on checking tax evasion

Publication: MINT Date : 17 JUNE 2019

The govt plans to raise scrutiny on businesses amid low GST collections Experts said the benefits of the tax reform would now start becoming visible

GST Council may tighten rules to curb tax evasion

Publication: HINDUSTAN TIMES Date : 17 JUNE 2019

The proposals before the council include compulsory generation of e-invoicing by large companies, validation of e-way bills (electronic permits issued for the movement of goods) with the data generated at toll plazas and geo-tagging of companies, said a person familiar with the discussions in the council.

INFRA NEWS

Metro lines 4 and 5 to be linked at station in Thane

Publication: HINDUSTAN TIMES Date : 17 JUNE 2019

While line 5 was to start from a station 500m away from the upcoming Metro-4 Kapurbawdi station, it has now been integrated with the same.

CITY NEWS

3 months before polls, CM brings in new faces

Publication: TIMES OF INDIA Date : 17 JUNE 2019

Mumbai: With just around a 100 days to go before assembly elections are announced, chief minister Devendra Fadnavis on Sunday dropped Prakash Mehta and five other BJP ministers in his biggest reshuffle and inducted 13 new ministers,

Wards must sort, process their own waste, says BMC

Publication: HINDUSTAN TIMES Date : 17 JUNE 2019

In a recent review meeting of the solid waste management department (SWD), municipal commissioner Praveen Pardeshi directed officials to promote disposal and processing of waste at the ward level.

REALTY NEWS

Tax defaulters can’t escape prosecution by just paying stiff penalty

Publication: TIMES OF INDIA Date : 17 JUNE 2019

Mumbai: The government is tightening the prosecution noose around several categories of tax defaulters, such as those who stash black money offshore.

Builder pulled up for not passing GST gain to buyers

Publication: TIMES OF INDIA Date : 17 JUNE 2019

New Delhi: In a setback for real estate developers, the National Anti-Profiteering Authority has held that homebuyers cannot endlessly wait to get the benefit of input tax credit (ITC) for GST payments

Govt plans fresh set of tax sops for startups in budget

Publication: TIMES OF INDIA Date : 17 JUNE 2019

New Delhi: The government is looking at a fresh set of tax benefits for startups to boost entrepreneurship and employment in the economy.