A has entered in to Joint Development Agreement (JDA) with B for construction of 100% commercial premises on his land. B has allotted area to be constructed on the said plot. B has not given any monetary consideration to A against the JDA.

Query :
1. GST payable by A will be calculated on the cost of construction incurred by B for constructing the premises to be allotted to A
OR
2. On the market value of the premises on the date of obtaining Completion certificate from the Municipal authority.

We received notice for ITC difference between GSTR3B v/s GSTR2B for FY 2021-22, we availed provision ITC 5% up to December 2021 and previous year invoices ITC availed in current year.

Is there any time limit for provisional ITC availed?
I understand that time limit for ITC availed FY 2021-22 is up to Sep-2022.

Request your suggestion to reply to notice.

Please share any case law related to this issue.

Thanks & regards,
Munisami.G

Dear sir,
We have doing import and export business in Kerala .
In case of import we make payment IGST payment ,but it will take more than 2 to 3 month to reflecting in 2B. If we not account while receiving ,our stock
will be mismatched .more over we have tally software, while
updating 3B from tally such IGST from import reflected in 3b
and red mark is showing.
Please advise how to solve this problem
1. Import of IGST reflected not in current month
2. How to account this transaction
Please advise
With regards
Binu

A person has Rs 4 crore capital gains from trading of shares. To avoid CG tax, he wish to purchase residential flat. He will make Rs 80 lakhs as down payment and rest Rs 3.2 crore on getting possession after 2 years. Whether he needs to deposit Rs 3.2 crore in CG deposit account to claim exemption or he can park the fund as per his own will?

After filling my IT return(AY 22-23) I got a demand notice from the IT department as the TDS done by bank is Mismatched because of Form 26AS does not contains partial amount of TDS with respect to the Tan mentioned in schedule TDS.
What is to do now?

Sir/Madam

I have one doubt, please resolve the same-

1) How to know donation paid is eligible u/s-80 G is covered under 50% /100 % amount of donation??
Is we can trace eligibility based on trust registration no??
2) Is it possible that last/past period it covered 50 % limit and in current year onwards it will cover under 100 % limit??

An HUF provides consultancy and its receipts are credited to HUF account under its PAN. As per income tax it may be regarded as Karta's income and may be clubbed with Karta's income. Is there any similar provision in GST that it has to be reported under Karta's PAN and GSTN? Particularly when Karta is registered under GST and HUF is not and HUF has separate PAN?

a person made an development agreement with a developer on dated march 2022 for developing a unit of flat on his land which is bought by his father on Feb 2006, the agreement is 30% for him and 70% of the developer of the total development.

Please guide me is capital gain is applicable? in this scenario

I have paid Rs. 25410.00 through the income tax portal via my banker, SBI for this amount which was due to pay as a part of my tax liability for AY 2022-23. The details of this self -assessment tax paid challan receipt was entered with BSR code, tender date and challan serial no. in the respective column while filing.

Now, I have got a demand notice us 143(1) for this amount again. And reason for the mismatch amount as per CPC was as ' Challan is not available for the AY'.

While checking my filed ITR, it is found that the serial no. of challan was written as "578" while filing instead of "00578" (as per SBI challan receipt). This was an entry mistake.

Please advise me whether I need to pay again Rs. 25410.00 as per the demand notice or get rectified the serial no. of the paid challan receipt?

Kindly help me how to go for it and clear this demand notice.

Thanking you, Sir.

Raman kumaran

Monthly salary- 53000 (yearly=53000*12=636000
Children Education Allowance- 26500 (Received in Mar)
Yearly Bonus- 53000 (Received in Aug)
Total in hand Salary=636000+26500+53000=715500 (715500/12=59625 p.m.)
Gratuity will be received as and when i will leave=Rs.3 Lakhs
My question is in the interview what is the CTC to be told to them=Rs.7.2 or Rs.10 Lakhs?
What is the monthly take home i have to say Rs.53k or Rs.59K?
When it is asked why your salary is so low after so many years what should be the reply?