After all, the Congress Party has got its new President, then after a day’s meeting of the CWC, it has been decided who the new President of the Congress Party is. Sonia Gandhi was made the new president of the Congress party, three proposals were placed for the last time inside this meeting. Rahul Gandhi was praised for the second time Rahul Gandhi was asked to become president again but he did not accept. Taking this decision for the third time, Sonia Gandhi was made the president of the Congress Party for the last time, now the command of the Congress Party will be handled by Sonia Gandhi.
Finally, Sonia Gandhi has been re-elected as the President of the Congress, by tweeting the official Twitter handle of the Congress, and a good picture has been re-made by the late Mrs Sonia Gandhi. The decision has been taken with the consent of the whole cabinet of Congress.
story of Congress Party
After the Lok Sabha elections, Rahul Gandhi tendered his resignation on May 25 inside the closed-door meeting of the CWC, but the Congress Party did not accept his resignation. He remained in the post of president for 1 month but now it was decided today inside the CWC meeting and the name did not extend beyond the Gandhi family and Mrs Sonia Gandhi as the president was made the last president. The thinking is that why the Congress party is unable to get its president, it is the best names but they did not get support from any name other than the Congress family.
The thing to think is that Congress is a democratic party or why Gandhi Private Limited Malla is the name of Gandhi family every time? Why did not one of the veteran leaders get support in Congress, the biggest leaders like Jyotiraditya Scindia, Shashi Tharoor are sitting and Much More.
If seen for some time, Congress has gone into a political crisis. And still, he looks. After all, what will happen to the Congress party tomorrow, will the Congress Party come back to power under Sonia Gandhi’s rule?
If seen, the Congress party looks like it has gone into the ICU. Pashmina breath is left in an entire way, what does it take to not drink water, do you think the Gandhi family will continue to run ahead, also the command of the Congress party?
However, Congress will have to be born again to find a new leader. It was not even 2 years and Rahul Gandhi resigned as the President of the Congress Party. In 2017, he gave the command to his son Rahul Gandhi and he could not handle. Because during the 2019 Lok Sabha elections, against BJP the Congress was reduced to 52 seats. I will ask you the same question, why is the Congress not able to move ahead of the Gandhi family?
Gautama Buddha Birthday in 2021 and Buddha biography
Hearty congratulations to all the countrymen and people on the occasion of Buddha Jayanti. In 2021, Buddha was a very famous person. It is a day of happiness. It is celebrated on 26th May Gautama Buddha Birthday.
Buddha was a great man, and he has a different image in the whole world; he is considered more than God. Buddha Purnima, in the month of Vaishakh, is a highly auspicious and happy day. It is believed that Gautama Buddha was born on this day.
Buddha Purnima is also known as Buddha Jayanti, Vesak Divas, and Vaishakh. Buddha Purnima is on May 26. The full moon date (time) begins on May 25 at 8:29 and ends on May 26 at 4:43 pm. This is the 2583rd birth anniversary of Gautama Buddha.
Gautama Buddha Biograpy
|Sanskrit name||Siddhārtha Gautama|
|Pali name||Siddhattha Gotama|
|Other names||Shakyamuni (“Sage of the Shakyas”)|
c. 563 BCE or 480 BCE
Lumbini, Shakya Republic (present-day Nepal) (according to Buddhist tradition)
|Died||c. 483 BCE or 400 BCE (aged 80)|
khushi Nager, Malla Republic (according to Buddhist tradition)
|Parents||Śuddhodana (father)Maya Devi (mother)|
|He Known for||Founder of Buddhism|
|Other names||Shakyamuni (“Sage of the Shakyas”)|
When was Gautama Buddha born?
According to some researcher and scholars, Gautama Buddha was born in the 6th century.c. 563 BCE or 480 BCE.
How to worship (Pooja) on the day of Buddha Purnima
- Get up and clean the house before the sun rises.
- Take a bath in the Ganges or sprinkle Ganga water by taking a bath with plain water.
- In the temple of the house, worship Lord Vishnu by lighting a lamp and decorate the house with flowers.
- Make a swastika with turmeric, roli or kumkum and sprinkle Ganga water at the main entrance of the house.
- Light a lamp around the Bodhi tree and immerse milk in its roots and offer flowers.
- Donate food and clothes to the poor.
- If you have any birds in your house, set them free today.
- After lighting up, offer water to the rising moon.
The Easy Guide To GST Calculations In The Real Estate Sector
The Goods and Services Tax (GST) was introduced by the Indian government to boost the ease of doing business in India and improve the global rankings. GST is an indirect tax that has replaced all other forms of indirect taxation in India. It is a comprehensive tax module that charges taxes based on the value additions in multiple stages. The main objective of this taxation system was to remove the cascading effect of the tax, that is, the tax charged on the tax amount already included in the price of goods and services sold.
On 1st July 2019, the Goods & Services Tax Act came into effect and changed the business landscape for good. The tax was introduced on the principle of one-tax for the entire nation. There are three nodes of this taxation system; the central GST, the state GST and the integrated GST. Intra-State (within states) sales are eligible for both the central and the state GST whereas the Inter-state (between two states) sales are eligible for an integrated GST.
GST in the Real Estate Sector
The real estate sector is one of the most crucial economic growth simulators for any nation. The real sector that accounts for 6-8% of India’s GDP has a major role to play in the nation’s economic health. There has been a significant positive impact of introducing GST into the real estate sector. The real estate sector is considered as a safe investment option by the majority of Indians, and the residential property segment has witnessed a fairly large influx of investments over time.
The recent change in GST rate for residential properties (non-affordable housing segment) that came into effect from 1st April 2019 gave a major push in investment towards the real estate sector. The implementation of GST on property has simplified a lot of taxation hassles that were present earlier. The GST applicable to the real estate segment ranges from 5% to 18% depending on some crucial factors. Let’s peep into the impact of these recent changes on the real estate sector and how it has changed the tax estimates.
- GST levied on residential properties in the affordable housing segment: 1% without Input Tax Credit (ITC)
- GST levied on residential properties in the non-affordable housing segment: 5% without Input Tax Credit (ITC)
- GST levied on commercial properties: 12% with Input Tax Credit
- GST levied on under-construction properties: 12% with Input Tax Credit
The affordable housing category was redefined with special parameters to classify as affordable housing. The properties under this segment were divided into three categories:
- For metropolitan areas like Delhi NCR, Kolkata, Chennai, Hyderabad, Bangalore and Mumbai Metropolitan Region (MMR) the total carpet area of properties should not exceed 60 square meters.
- For other non-metropolitan cities, the total carpet area should not exceed 90 square meters.
- The total value of the property for both metropolitan and non-metropolitan category should not exceed Rs. 45 lakhs
GST Charges for Construction Materials
A lot of raw construction material goes into building a property, and the final value of the property reflects the cost of raw materials used. Since GST is charged on a multi-stage value addition basis, it is also applied to the cost of construction materials required to build a property. Let’s delve into the GST rates levied on some key real estate construction materials.
- GST levied on roofing tiles: 5%
- GST levied on natural sand: 5%
- GST levied on building brick: 5%
- GST levied on fly ash blocks: 5%
- GST levied on granite blocks: 12%
- GST levied on refractory bricks: 18%
- GST levied on bamboo flooring tile: 18%
- GST levied on glass for construction: 28%
- GST levied on Portland/ Slag cement: 28%
- GST levied on granite other than blocks: 18%
- GST levied on crude granite or marble rubble: 5%
- GST levied on wall-coverings and wallpapers: 28%
- GST levied on ceramic, support tiles and fillers: 28%
- GST levied on prefabricated structural components for buildings: 28%
GST Charges for Construction Services
Other than raw materials, there are construction workers and builders who are involved in the process and provide their services in the process of construction. These services are also a part of the real estate industry. Let’s peep into the GST rates applicable for construction-related services and see how they vary.
- GST levied on under-construction properties (included under Credit Linked Subsidy Scheme): 8%
- GST levied on under-construction properties (not included under Credit Linked Subsidy Scheme): 12%
- GST levied on the composite supply of work contracts for affordable housing: 12%
- GST levied on the composite supply of work contracts to government agencies: 12%
- GST levied on the composite supply of work contracts (not included in government agencies or affordable housing): 18%
- GST levied on work contracts (non-government bodies): 18%
Input Tax Credit for the Real Estate Industry
Input Tax Credit is a tool using which taxpayers can get a rebate on the additional tax paid for goods. It is introduced to remove the cascading effect of tax that we talked about earlier. In the simplest term, the Input Tax Credit can be explained as removing the taxes paid on inputs from the taxes to be paid on the final output. ITC can be claimed on a wide range of inputs used in the construction process by the real estate developers.
This could help the builders to reduce the price of the property for the final customer. This benefit was, however, not fully incorporated by the builders. One of the major disadvantages of GST is that the benefit of this taxation system is not fully passed on to the final customer, like the Input Tax Credit availed by developers is not reflected in the property prices.
The real estate developers also face challenges while availing Input Tax Credits when it comes to thoroughly analyzing the wide range of input costs individually. The problem is not just limited to this, the cost of materials used in the construction process can fluctuate throughout the construction cycle, and calculating ITC for the inputs can get very complicated. Also, there is no mechanism in place to exacerbate the increase in non-GST costs, whereas the benefits of ITC are only limited to the GST paid.
Corona Virus: Workers in Delhi are not getting a bus or train to goto their home
The country has been shut down for 21 days, this people will end on April 14 and if the situation is not right, then it can go ahead, all the shops in the country, etc., have been closed, the market is closed, the gym is closed. Due to a lot of trouble, the rate of goods has become very expensive, vegetables have become expensive, rice and rice flour have become expensive, some people are also taking advantage of it like shopkeepers like Delhi. People living in the state have a lot of trouble working on increased wages, their work has stopped, but they have to go home, but the policemen are roaming on the road, there is no bus service, train service, stop everything Has been given till now
According to the media report we got to see Anand Vihar bus stop. There are some workers standing who have been rotating for three to four days, their work will be closed, they have no money, have to go home while working, a child comes out in it, which is child labour. To spend the money of his family inside Delhi and he is crying that he has to go home. I have to go to the house to sing the song of my policeman crying, I have no money, the government should do something about it and think a lot about these people, not because the whole of India is closed as it is You know
If we watch this video, there is a video of false NDTV in which news reporters are asking some questions to these labours. They tell their painful story. Look at that girl, you will be pitted. He is speaking in a complete way that I have to go home with the virus. The entire economy has been shut down due to.
That boy is talking about that the policemen have been roaming for the last 3 days, the policemen are not sitting anywhere, that I have to go home, that I will be 18 to 20 years old, seeing the child’s age Along with this there are a lot of labourers who are walking around with a bed, it was also heard that many workers are going to Bihar on foot.
People are thinking of Corona epidemic all over the world. So far, all 18500 people have died inside the whole world, if we talk inside India, then within our country, there have been 11 deaths and 533 cases have been done due to coronavirus. Corona positive locked the country for a full 21 days, what did Prime Minister Modi do to address the two countrymen.
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