The Goods and Services Tax (GST) is coming into existence w.e.f. 1st of July 2017. On some items, there is a reduction in the rate of tax. This reduction in GST rate from the earlier rate reduces the price of the goods or services. The benefit of this reduction in rate and the consequent reduction in price should be passed on to by the seller of the goods or services to the buyer of the goods or services. In the GST there is a provision for the benefit of the Input Tax Credit. This benefit of Input Tax Credit (ITC) must also be passed on by the seller of the goods or services to the buyer of the goods or services by a commensurate reduction in the prices of the goods or services. In order to pass on this benefit, the GST law provides for an Anti-profiteering clause (Section 171 of GST) as a deterrence measure. In view of the above, it is in the interest of the seller to pass on this benefit to the buyer, and it is also in the interest of the buyer to ask this bene
The Haryana Government has promulgated the Draft RERA Rules on 28th April 2017 and has given just 15 days to seek Objections or Suggestions from the public. The people of Haryana feel cheated as the Rules are diluted and are not consistent with the Central Act. The Real Estate Regulation Act 2016 does not empower the State Governments to dilute the Rules. Please sign the petition to protest and impact your opinion !! CM Haryana: Implement #RERA in Haryana immediately covering existing undelivered ... https://t.co/mE5F4jyWMg via @ChangeOrg_India — Avadhoot Dandekar (@Webtwits) May 23, 2017