https://www.facebook.com/swaminathanv3/posts/1768718609871084
Contents copied FOR ready read (:
Contents copied FOR ready read (:
To share own thoughts (in brief):
One more step, in a seemingly better direction, with no other choice or option left, - to fit into the recent unpalatable developments, of our times- aptly denoted as 'NEW NORMAL' by no less than a dignitary, the CJI, the top-notch judicial/constitutional authority , - to strive and create an awareness , if not awakening, and provoke pro-active steps being taken by one and all directly concerned and badly impacted- to be precise, the reference is to the 'realty sector' and the ongoing debate /discussion .on the propriety or other wise of indicated imposition of GST, - in the process of migration from 'ST/VAT'.
That could be expected, in one's own independent but longstanding conviction, provided every one of those hapless but helpless lot , being the mostly gullible 'purchasers' of 'UNITS' (in a housing complex)..
As repeatedly canvassed for, and in expectation of the real thing that needs to percolate through is, - as to why purchasers , so also the consulting/advising professionals, in its inclusive sense, ought not but realize that it is time now, though inordinately late, to interact with the RERA (in place and functioning in each STATE) to press for and ensure that the old horrid practice of executing two / dual agreements, one for sale of land and another for 'construction' is put an end to .
It is expected -to- be-commonly known, such an idea was the brainwave of some unscrupulous promoters,- may be, some purchasers as well,- with a view to illegally avoid stamp duty on the part of the total consideration for 'sale/purchase', And, that, why the referred wretched practice should be continued even after , under compulsion from the registering authority, stamp duty is being collected on the total consideration by treating it as a single / only transaction of - sale and purchase of 'UNIT' , an "IMMOVABLE PROPERTY' IN ITS LEGAL AND COMMON SENSE meaning AS WELL.
MASTER Note(: In the context, it has to be inescapably recalled, with remorse, that, it is only the unethical practice of 'twin agreements' that influenced the governments both central and states) , and the henchmen (i.e.the FM and other ministries) , and triggered the ill-conceived further developments , leading to imposition of ST/VAT on such transactions,
Cross Refer (selectively): Previous Posts resting with, -
https://www.facebook.com/swaminathanv3/posts/1765654773510801
https://www.facebook.com/swaminathanv3/posts/1765654773510801
Pending,- invite to, EDIT / to finish !
One more step, in a seemingly better direction, with no other choice or option left, - to fit into the recent unpalatable developments, of our times- aptly denoted as 'NEW NORMAL' by no less than a dignitary, the CJI, the top-notch judicial/constitutional authority , - to strive and create an awareness , if not awakening, and provoke pro-active steps being taken by one and all directly concerned and badly impacted- to be precise, the reference is to the 'realty sector' and the ongoing debate /discussion .on the propriety or other wise of indicated imposition of GST, - in the process of migration from 'ST/VAT'.
That could be expected, in one's own independent but longstanding conviction, provided every one of those hapless but helpless lot , being the mostly gullible 'purchasers' of 'UNITS' (in a housing complex)..
As repeatedly canvassed for, and in expectation of the real thing that needs to percolate through is, - as to why purchasers , so also the consulting/advising professionals, in its inclusive sense, ought not but realize that it is time now, though inordinately late, to interact with the RERA (in place and functioning in each STATE) to press for and ensure that the old horrid practice of executing two / dual agreements, one for sale of land and another for 'construction' is put an end to .
It is expected -to- be-commonly known, such an idea was the brainwave of some unscrupulous promoters,- may be, some purchasers as well,- with a view to illegally avoid stamp duty on the part of the total consideration for 'sale/purchase', And, that, why the referred wretched practice should be continued even after , under compulsion from the registering authority, stamp duty is being collected on the total consideration by treating it as a single / only transaction of - sale and purchase of 'UNIT' , an "IMMOVABLE PROPERTY' IN ITS LEGAL AND COMMON SENSE meaning AS WELL.
MASTER Note(: In the context, it has to be inescapably recalled, with remorse, that, it is only the unethical practice of 'twin agreements' that influenced the governments both central and states) , and the henchmen (i.e.the FM and other ministries) , and triggered the ill-conceived further developments , leading to imposition of ST/VAT on such transactions,
Cross Refer (selectively): Previous Posts resting with, -
https://www.facebook.com/swaminathanv3/posts/1765654773510801
https://www.facebook.com/swaminathanv3/posts/1765654773510801
Pending,- invite to, EDIT / to finish !
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