Background:-
Society is going to replace 9 lifts which cost is approx. 4 Cr plus 18% GST. We will collecting contribution from 312 society flat owners toward through the maintenance bill of May 2024, we are attaching without GST maintenance bill month of April 2024 and with GST maintenance bill month of May 202. Collection period (Upfront Rs.50000/- From Maintenance Bill Month of May-2024 and Amount 9500/- (from June 2024 to May2025). We can call this fund as sinking fund or major development fund or corpus fund or any other name.
Beside that society also collecting transfer charges of INR 3 lakh from new incoming member. We also have some approx.
INR 2 cr Fixed deposit under major development fund which was created before 2017.
Need some point wise clarification from your side?
1. Weather society need to collect GST on this additional collection for lift which will be raised from May 2024 to May 2025 under head of corpus, sinking or any other head. In case it’s applicable than is there any other head or way out which can avoid GST on collection.
2. Can we take GST credit on new Lift which we are buying?
3. Whether property tax or water charges which we are collecting on behalf of BMC are exempt from GST.
4. in case not exempt, last year we have raised invoice without charging GST on entire amount as our bill was below 7500 limit after removing property tax and water charges so do we need pay now or need to wait.
5. In case water charges and property tax are exempt from GST but collection for lift is not exempt, may we raised two separate invoice one regular monthly invoice without GST and other collection with GST.
6. Once we started charging GST on entire amount and once collection done for special project like lift etc., can we start again raise monthly invoice without GST.
7. Whether GST applicable on delay interest where members not paid their bill ion time.
8. Whether GST is applicable on transfer charges which is collected and credit to Balance sheet under major development fund.
9. Weather GST will be applicable on transfer charges if we collect the same as non-refundable deposit for club membership from incoming members.
10. Weather GST will be applicable if we utilised fixed deposit which was created before 2017.

Sir,
An entity providing services like supply of power / transmission of electricity to the government entity is exempted or Taxable. If exempted pls mention the Notification No.

Thanks in Advance.

Sir,
A registered composite scheme dealer sales of trading goods 1 tax paid and rental income from commercial property rs:60,000/- receivable head show in itr f.y.22-23.
Question:
Dealer rental income gst tax applicable and drc-03 pay correct procedure.

we are running a banquet hall. please guide for GST applicable for Banquets when ITC refund is not availed

Hi Experts,
We have registered GST at Tamilnadu and Gujarat.

Tamilnadu we already started and doing e invoice
Gujarat newly started business, turnover at Gujarat will be arround 10 L .

Can you pls confirm GST invoicing mandatory for Gujarat registered?

Can we permanently reverse the ITC that was temporarily reversed? if yes how to do it on portal?

Our one client dealing with surgical instruments business, he imported of goods through FedEx courier and paid IGST 12% at the time of import of goods to the government, and he is resell imported goods without any changes to Maharashtra clients. Query is that Now Can he claim imported goods IGST amount as per GSTR-2b reflected on portal?

Sir, I have query kindly resolve this, for Example Mr. A GST Registered Taxpayer has sold Open plots to buyers which is exempt as per GST. But, My query here is, May I need to show that Exempted Sales in GSTR 1 or Not ?

EK SHOP JO GST MEIN REGISTER HAI
SAME CITY MEIN USKI 2 ADDITIONAL BUSINESS PLACE HAI
JO HAME GST PORTAL PAR ADD KARA RAKI HAI


KYA SABKI BRANCH WISE ACCOUNTING KARNA MANDOTORY HI HAI EK JAGAH SE HI SALE PURCHASE KAR SAKTE HAI


PLZ REFER SECTION

THANKS IN ADVANCE

Issue pertains to FY 19-20 where client has two GST registration one in Delhi another one in Karnataka, now goods sent to FBA warehouse in Karnataka state but this hasn't be shown on GST portal as interstate sale movement, and IMP igst input is directly claimed in Karnataka state, annual return has already been filed without showing this interstate stock movement.

Now notice has been received from Karnataka GST stating no input available in 2A for that FY and demand has been raised. Now what can be done, how can it be resolved now. Any help would be appreciated