The formation of the Goods and Services Tax Appellate Tribunal (GSTAT) has hit several roadblocks. One of the major challenges is the real estate allocation, with only half of the required office locations identified. The delays in appointing members are
GstatGstReal Estate AllocationMember AppointmentsTax DisputesReal EstateJan 15, 2025
The Goods and Services Tax Appellate Tribunal (GSTAT) is a crucial body designed to resolve disputes related to the Goods and Services Tax (GST). It provides a higher level of appeal for both taxpayers and the government, ensuring a fair and efficient tax dispute resolution mechanism.
The main challenges faced by the GSTAT include delays in appointing members and securing real estate for office locations. Only half of the required office locations have been identified, and a fraction of the required members have been appointed, hampering the tribunal's functionality.
The delays in setting up the GSTAT affect its ability to resolve tax disputes efficiently. This can lead to further complications for taxpayers and the government, undermining confidence in the GST regime.
The GST Council, which oversees the implementation of the GST regime, has expressed concern over the delays in setting up the GSTAT. The council has called for expedited action to resolve these issues and ensure the tribunal can start functioning as intended.
To overcome the challenges, the government and relevant authorities must take immediate action to expedite the appointment of members and secure the required office locations. This will ensure that the GSTAT can begin its crucial work without further delay.
The Maharashtra Real Estate Regulatory Authority has directed a builder to pay interest to homebuyers for delayed possession of flats in Suburbia Estate Phase I, Pune.
M3M India, a leading luxury real estate developer, has appointed Stuart McConnachie as its Chief Construction Controller to oversee its high-end projects, including Jio World Mumbai and Island Development.
Under PNC Menon's remarkable leadership, Sobha Realty has become a leading luxury real estate developer in the region, with promising expansion plans globally.
Discover how PropTech is transforming the commercial real estate industry with innovative technologies like IoT, blockchain, and AI.
As urbanization takes over, nature is being pushed to the sidelines. But can we find a way to balance development with greenery? Pune's development trajectory offers some insights.
The assembly elections in Maharashtra and Jharkhand have seen a resurgence in populism and freebies, with the BJP-led Mahayuti alliance in Maharashtra and the INDI Alliance in Jharkhand winning on the back of welfare schemes. However, analysts warn that t