We have partly exempted and partly taxable sale of goods and services
we have purhcased capital assets during dec21

now rule 43 apply

so we can taken all inputs of capital assets during the dec21 3b OR taken only upto dec21 taxable supply ratio.

as per rule 43 in next 59 months (divided capital assets input in 60 instalment ) and reversed each instalment
in the ratio of exempted supply in respective month

interest will also payble upto 59 month for reversal @18% PA showing in outpux tax liability

please guide us
Thanks in advance
regards
RAJEEV KOOLWAL

Dear Professionals, Good Day... Our company GSTN has cancelled its being near about one year due to return not filed so far that too since covid started no business performance has been done, as per calculations there is some around 18k penalty has occured and we are ready to pay penalty but now we want to resume our business and we need our GSTN back, could you please suggest us exactly what we need to do. Thanks

What is the rate of GST on restaurant which serve Alcohol? 

Is it 5% without ITC or 18% with ITC ?

Is this view correct ?
Interest on income tax - NOT allowable exp.
Interest on GST - allowable exp.(since it is compensatory in nature) while in case of income tax it is part of income tax which is itself not an allowable exp.

GST Penalty - not allowable
GST fees - allowable
TDS late fees - allowable

Sir,
A gst registered regular scheme dealer services provided dth recharge service (tv chanels) e-load to retailers and customers turnover rs:85 lacs in f.y.20-21.
Question:
1.dealer it returns filed compulsory
2.if compulsory above transactions business or service income treatment in it act

MY FIRM IS AUDITED FROM 2018-19. I HAVE PURCHASED A CAR WITH LOAN OF RS. 30 LAC FROM MERCEDES BENZ FINANCIAL. CAN WE BE LIABLE TO DEDUCT TDS ON THE INTEREST PAID AMOUNT ?

Hi
at 3B this msg is showing "System has not generated summary of Table 3.1(d) and Table 4 of FORM GSTR-3B on the basis of your GSTR-2B as same is not generated for the current tax period." & at 2B "GSTR-2B is being generated and should be available by 14/08/2021. Either you do not have any records in GSTR-2B or the generation is still in progress. If you are still not able to access it, please raise a ticket with GST support team." this msg is showing

I don't have any purchases from a registered supplier. What shall I do to file GST-3B. Can I file GST-3B without generating-2B( since I don't have any purchases or is it mandatory to get GST-2B generated. Kindly guide.

Mr X having turnover as below:

FY 2017-18 30 Crores
FY 2018-19 32 Crores
FY 2019-20 35 Crores
FY 2020-21 33 Crores

FY 2021-22 on 31/12/2021 turnover exceed Rs.50 Crores

Is e invoicing is applicable or not?

Sir/Madam

Please clarify on urgent basis-

> TDS u/s 194q applicable to purchase of Computer?
> TDS u/s 194q applicable to purchase of Computer Software?
> TDS u/s 194q applicable on Services paid to Computer Software??

Good Morning. Last year in the month of August I sold my house in Nagpur for Rs.5900000.00 ( Rupees Fifty nine lacs only ). I paid 1% tax of Rs 59 lacs i.e Rs. 59000.00 vide my client. Received Rs 25000.00 as advance and balance of Rs 5816000.00 ( Fifty eight lac Sixteen thousand only ) in credited to my new Saving bank Capital gain Account A. On 11th October 2021 , I purchased a 2nd hand flat at Bangalore for Rs 58,00,000.00 ( Rupees Fifty eight lacs only ) + other taxes by transferring the amount from my Capital gain account. Now I am having a balance of Rs 16000.00 in my Capital gain account. I approached my Bank to close my account . But my Bank is demanding FORM G duly signed and stamped by Income tax department which has to be done through online. Can you guide me in this regard and provide me the correct site address. When the transaction of my Capital gain is completed within 3 months do I have to go through all the formalities