Dear All Experts,
One of my client sold a plot/land during the Financial Year 2020-21. This property was gifted to her husband from Govt long back (Before 1980).
After the death of Husband this plot/land transferred to her Name. She has deposited all amount (sales consideration) in capital gain account scheme.
She already have two residential houses. Can she claim exemption? In which section?
Kindly suggest.

I WANT TO REGISTER GST . MY BUSINESS PLACE IS ON MY MOTHER NAME THEN WHAT NATURE OF POSSESSION OF PREMISES I SHOULD SELECT AND WHICH PROOF CAN BE APPLOAD

SIR
Charging TCS in invoice is compulsory or enough to charge it in invoice to the parties whose value exceeds Rs.50 lac in a year ?
Plz guide me sir
thanks in adv

Dear Sir / Madam,

There is a fixed asset - motor car which is to be sold at a price more than the book value which will lead to profit on sale of car. Also the Assessee, is not in the business of buying & selling of Car.
Whether GST is applicable at the time of sale ?
If yes, then at what value - sale price or profit ?

I'm ca intermediate student, I filed my form for January 2021, but Im unable to appear in the exam because of covid risk is there till now, but I'll appear in may 2021, if I cleared my both groups in may 21, will Jan 21 attempt counted as an attempt or not, please if anyone know the actual fact then let me know ASAP

Respected Experts, we have filed our GSTR 3B for the m/o Dec-2020. But Table No. 3 & 4 are showing Red. There is some difference in ITC & RCM as per the details below :-
1) ITC on Import : - we have made the payment on 30-11-20, but goods have arrived on 02-12-20.
and the difference crosses the 10% variance. And some ITC of quarterly vendors.

2) RCM : we have made the RCM entry in Tile 3 & 4 on Ocean Freight & Local Freight.

We have done all the work of difference. My query is there any problem w.r.t. Red coloured tiles. Someone says that a Notice may be issued.

Also, suggest us on what basis we have to file our GSTR 3B either 2A or 2B?

Kindly suggest us.

Rakesh Sharma

By mistakly i have entered in form gst pmt 08 taxable value 12035520
But actual value is 1203533

How can I rectify it


I have already filled my return

Dear Experts, we are constructing a Plant & have purchased the below details ITEMS :-
1) We have purchased Cement, MS, SS etc. for the building. ITC available or not.
2) We have purchased Cement, MS etc. for the base for machinery. ITC available or not.
3) We have purchase DG Set along with cement, MS, PVC pipe to prepare the diesel tank. ITC available or not.
4) Sir, we have purchased Electricals fitting items for the building. ITC available or not.
5) We have purchased Electricals fitting items for Plant & Machinery. ITC available or not.
6) We have purchased Mobile Phone for communication with various Vendors. ITC available or not.

Kindly suggest.

Rakesh Sharma

Sir
Please comment on the taxability of the following;
Travelling allowance recieved on the basis of actual journey for the performance of the duty.
Eg: a field officer or employee claimed for re-imbursement of expenditure incurred for travelling and there is a maximum limit for such expenditure.

SIR
Mr.A sells the goods to B by an invoice. B receives and wants to return the goods due to the poor quality to the original supplier A.
B prepares debit note against the original invoice number. Then, the A returns back the goods from B and accounts the same in his stock?
Questions / Doubts are,
1- Can A issue Credit Note to B ? If yes, which number he has to put as a reference number ?
2- What is the treatment in both of their accounts while B returns the goods in same month and while it happens in the next month?
3- In Credit / Debit Note, GST should be separately shown?
guide me plz
thanks in adv