Bashmakh & Co (Chartered Accountant)

The real-estate (Regulation & Development) Act,2016 intends to set that the real-estate Regulatory Authority which would govern and advertise the real estate industry. The chief goal of this Act is to promote transparency, accountability, and efficiency in the real estate sector. So that the customers get timely delivery of Property. Every developer developing property over 500 sq. mtr or with at least 8 flats, needs to be enrolled. Developers need to place info like layout plan, project plan, Sanction, property name standing, information of promoters, architects, contractors, and day of conclusion with their state RERA Developers need to place aside 70 percent of the amount received from customers in RERA designated bank accounts towards the project Construction. Builders will probably undoubtedly be penalized whether there's just a delay in deliveries. The carpeting area was clearly explained in the law. What Exactly Is RERA Project Registration? No Promoter can Advertise o...

Goods & Service Tax Registration is the mandatory process for all type of person involved in business of buying and selling of Goods or providing services if their turnover crosses a certain threshold limit. GST Registration is required for obtaining a Unique GST No., which is GSTIN. GST registration will further help all persons conducting business to collect taxes from their customers and render to the government. Further all such GST Registration  users can claim input tax, which they’ve paid on inward supplies. GST Registration Services in Thane, Mumbai The Goods and Services Tax (GST) regime has replaced and simplified the procedure of indirect taxation.  GST Registration is mandatory for several traders or entities having turnover over a predetermined threshold limit. Enroll in GST through top-notch services provided by Bashmakh & Co , The enrollment in GST through us makes it possible for entities and individuals to concentrate on the core business without even ...

MahaRERA shall implement "Financial Quarter Based Project Progress Reporting System" for all MahaRERA registered real estate projects. Promoters shall file Quarterly Progress Reports (QPR) as per Financial Quarters within 7 days of the Quarter End (Due Dates will be every 7th day of July, October, January and April respectively). The first financial quarter based QPR will be due to be filled by 15th August, 2021 for all registered projects (for April May June Quarter) irrespective of the date of their last QPR filled. What are the compliances under RERA ?  Promoters are compulsorily required to update their project quarterly. They should ensure the Real Estate (Regulation and Development) Act 2016. The Maharashtra Real Estate Authority (MahaRERA) vide its Order No. 18/2021 dated 28th July 2021 has made QUARTERLY UPDATES for each project COMPULSORY. The Order further states that the non-compliance shall be strictly responded with PENAL ACTION. Read More It has further describe...