R A R E And ASSOCIATES_Tuticorin

Eligibility: Between 18 to 70 years. Loan should be repaid when the borrower is 70 years old. Loan Amount: The amount of loan will be determined considering such factors as  applicant's income and repaying capacity age assets and liabilities cost of the proposed house/flat. To Enhance Loan Eligibility: One could add income of spouse/son/daughter. They should have a steady income and their income should be routed through an bank account The expected rent accruals if the house/flat being purchased is proposed to be rented out. Self employed could also add depreciation and other regular income and all sources. Security: The loan shall be secured by equitable mortgage of the property. In case the property is not mortgagable, then other tangible security of adequate value like NSC, Life Insurance Policies could be furnished. Repayment Period: maximum 25 years or up to the age of 70 years of the borrower which is early. Income Proof: Original sal...

RETURN FILING: GSTR1 and GSTR3B filing will be allowed to continue for next 6 months New simplified (?) monthly return will go live in 6 months with one return for a month except composition dealers and nil return filers who allowed to file quarterly returns. In new return seller can upload their invoices any time during the relevant period and check the same. Input credit will be automatically calculated by the system based on the invoices uploaded by the sellers. B2B dealers will need to file invoice wise details of all outward supplies made by them , the system will automatically calculate their tax liability. In case of supplier defaulted in payment of tax above a threshold limit, such a supplier will not be allowed to uploaded their invoices and this will not be allowed to avail any input credit. Comments: To file the new simplified return every entity need to account and file their details in real time basis. Based on the volume of their data entity ...

Construction of flats, complex, building have a lower incidence of GST as compared to a plethora of Central and State Indirect Taxes suffered by them under the earlier regime. Central Excise Duty was earlier payable on most construction material @ 12.5%. It was higher in case of cement. In addition, VAT was also payable on construction material @212.5% to 14.5% in most of the states, Input Tax Credit of the above taxes was not allowed for payment of Service Tax. Credit of these taxes was not available for payment of VAT on construction of flats etc.,. Under composition scheme. Thus there was cascading of input taxed on constructed flats etc. as a result, incidence of Central Excise Duty, VAT, Entry Tax, etc., on construction material was earlier being borne by the builders, which they passed on to the customers as part of the price of flats charged from them. This was not visible to the customers as it formed a part of the cost of the flat. The earlier headline rate of service ...