18 pc GST on flat owners paying monthly maintenance of over Rs 7,500

Tax liability would be calculated for a person who owns two or more flats in the housing society or residential complex.

No GST on goods sent for fairs

Several goods are taken out of India for exhibitions or other export promotion events.

The industry body has suggested imposing a maximum customs duty of Rs 4,000 on handsets priced above Rs 20,000.

The government would also be bringing changes to seven laws related to direct taxes.

In 2018-19, 1,620 cases of fake invoicing were detected involving Rs 11,251.23 crore, and 154 persons were arrested.

The tax incentive proposals for EVs contained in the Budget were not that substantive as to see customers queue up.

She said that the amount of money spent on central government schemes was higher two years after the implementation of GST.

The Budget proposes to move to electronic invoice system wherein invoice details will be captured in central system at the time of issuance.

Sitharaman proposed the setting up of a payments platform for MSMEs for payment of bills.

EAC-PM welcomes the emphasis of the Survey on fiscal consolidation, fiscal discipline and investments.