18% GST if flat owners maintenance contribution to RWA crosses Rs 7,500

GST - flat owners

Those flat owners whose monthly contribution to resident welfare association is more than Rs 7,500 are now required to pay GST of 18 percent, said Finance Ministry. A circular issued by the ministry mentions how the RWA would calculate the GST payable if the monthly subscription exceeds Rs 7,500 or the annual turnover of the office exceeds Rs 20 lakhs More...

by Paul Linus | Published 1 month ago
Guide to Detroit
By Paul Linus On Monday, July 22nd, 2019
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Guide to Detroit Casinos and how to eliminate gambling debts

When gambling arrived in Detroit in the late 1990s, the expectations were that eventually, the three would be positioned together to create a Casino District to attract some of the amateur as well as professional More...

National Highways, digital
By Paul Linus On Friday, July 19th, 2019
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All National Highways to go digital from December 1

From December 1 the national highways’ toll fee plazas would encourage digital payment to prevent congestion and ensure seamless traffic. All the lanes would become FASTag lanes except one that will be a hybrid More...

Court asks Naresh Goyal to deposit Rs 18,000 crore before flying abroad
By Paul Linus On Tuesday, July 9th, 2019
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Court asks Naresh Goyal to deposit Rs 18,000 crore before flying abroad

Jet Airways founder Naresh Goyal is asked by Delhi High Court to deposit Rs 18,000 crore as guarantee to travel overseas. According to Justice Suresh Kait, the cash strapped airways owes Rs 18,000 crore to the lenders More...

Homeowner Secured Loans - Pros and Cons
By Paul Linus On Monday, July 8th, 2019
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Homeowner Secured Loans – Pros and Cons

A secured loan is different from an unsecured loan because it offers the lender collateral in the event of the loan being defaulted on. However, debt consolidation secured loans can make borrowing possible. If adverse More...

Unsecured Debt vs. Secured Debt
By Paul Linus On Monday, July 8th, 2019
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Unsecured Debt vs. Secured Debt

Although seemingly very similar, unsecured debt and secured debt are completely different. The most serious distinction is that defaulting on a secured loan normally costs someone their home. Gaining an understanding More...

Aadhaar, PAN
By Paul Linus On Sunday, July 7th, 2019
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Aadhaar instead of PAN could be used for 50K+ cash transactions

Finance Minister Nirmala Sitharaman announced in her budget speech that PAN is not mandatory for cash transactions of above Rs 50,000. Instead, Aadhaar card can be quoted to serve the same purpose. Revenue Secretary More...

Developing World, Market
By Paul Linus On Saturday, July 6th, 2019
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Why Does the Developing World Struggle to Access the Market?

Market forces have historically been and continue to be regulated by Western born and led institutions, putting Western economic and trade interests at the forefront. Meanwhile, a significant number of trade policies More...

Fair Trade, Child Labour
By Paul Linus On Saturday, July 6th, 2019
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How Buying Fair Trade Products Can Help Stop Child Labour

It is estimated that one in seven children around the world work as a child labourer. These children receive very little education, if any at all, and will spend the rest of their lives working in low-paying, sometimes More...

Union Budget 2019 highlights
By Paul Linus On Friday, July 5th, 2019
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Union Budget 2019 highlights

Special additional excise duty has been proposed by Rs 1/litre on petrol and diesel for road and infrastructure cess. Rs 20 coin will soon be released with new features. New coins of other denominations of Rs 1, More...