Shall the Father in law accepts gift from his daughter in law. with out paying the income tax.

Please give your valuable advise,
Thanks in advance
K.B.Nagesha Rao.

If registered office is situated in Gujarat, India but service is provieded in Southee arebia so which Gst rate is applicable on such supply?

Dear GST Experts,
We are running Schools & Hostel for Students, as well we are providing NEET coaching to our students. Some NEET Repeater students are requesting us to provide accommodation in our school hostel. As an educational institute we didn’t register under the GST.
In this case how do we collect the hostel fee from external student? Is there any GST Impact?

Dear GST Experts,
GST registration is require for collecting School Fee, Hostel Fee, Books Fee etc?

I have two flats.
One flat in Bombay, which is in my name only.
One flat in Bangalore, which is in joint name (my name first & wife)

If if sale my Bombay flat, which is in my name and invest whole sale proceeds
to buy another flat in Rajasthan.

i). Is there any capital gain if I invest whole sale proceeds.
ii). The new flat so purchased in Rajasthan can be in my name (single) or in joint name with wife.
IIi). Can one person have two houses?

Furniture shop owner purchase furniture 500000 from XYZ Ltd payment terms 2%CD will be allowed if we pay within 10 days otherwise bill is due in next 30 days as an accountant you realised that company do not have sufficient funds to pay within 10 days.
Company owner has made payment his personal bank account 490000 within 10 days and distribute purchase as follows
400000 company warehouse for business
75000 company office purpose
20000 for windows display for marketing purposes
5000 owner personal use
What are journal entries?

Hello CAClubIndia,

I've been importing goods from China and reselling in India. My sole-proprietorship firm has IEC for the purpose of commercial importation. I recently received a request from another company to import goods for them using my IEC and firm. It work like they will transfer the amount needed for the purchase to my company bank account which I will use for the purchase. Once the goods are arrived to me, I will transfer the goods to them. As the company is owned by my friend, I will skip any profit for this deal.

My question is that if this needs GST to be collected and remitted by me from the other company as there is no active sales transaction being taken place?

Also, will this put any load on my shoulders in the form of Income Tax or any other taxes immediately or later?

Please suggest a good workaround after giving answers to my questions.

Thanks in advance.

Our one client dealing with surgical instruments business, he imported of goods and paid IGST 12% at the time of import of goods to the government, and he is resell imported goods to Maharashtra clients. Query is that Now Can he claim IGST amount as per GSTR-2b reflected on portal?

If a Din status is disqualified then can person apply for new DIN to become director in Other New Company to be formed.

OR
Else can file DIR-3KYC Form so that DIN can be activated. ?????

Sir,

We are running a Restaurant under 5% GST and doing online sales also, through E Commerce operators. We are updating the online sales in GSTR1 in the table 14 - u/s 9(5). But, the GST portal does not include this sale amount in the total taxable sales shown in the bottom of the GSTR 1. As such, shall we include the online sales in table No. 12 - HSN wise break up of the turnover or not ?

Pls. advice.