Hi, I have proprietorship business (services). Is there any limit on Refreshments Expense? e.g. Food Items, Water, Food Delivery, etc.

I purchased some items for selling. and I claimed GST against the purchase. Now I want to give one item to my regular customer as Gift.
1. Do I have to raise sale Invoice? If Yes, What do I have to Debit ? becoz I dont receive Money for it.
2. If No, How to release this item from my inventory?
3. Do I have to reverse the GST?

Sir,

We are under Quarterly Return filing option under QRMP scheme. We have generated
challan with Reason for challan as " Monthly payment for quarterly return" and have successfully
paid the due GST amount for Jan 21 and the amount is credited to our Cash ledger.
Is that all as of now ? Is this challan called as " PMT - 06 challan. " When should we offset this amount ?
Pls. explain.

Any one have AOP deed for Traders association.
Please, provide me.

i have forgot to e-verify return for a.y. 2017-18 and there is no option showing to e-verify on portal, so how can i e-verify my return now?
Thanks

Hi Friends,

Party A and Party B purchased a residential flat in July 2013 at 17.0 Lakh. Now, the same flat is sold for 25.0 Lakh in January 2021. Considering CII value of 220 in 2013-14 and 301 for 2020-21, the indexed Long Term Capital Gain for each Party is around 70,000. Since the gain is less than 1 Lakh for each, Will there be any Long Term Capital Gain Tax?

I want to know the process and things to be taken care of for a pledge of shares of an unlisted company?

B Ltd holding 40% stake in A Ltd. (B Ltd is foreign Company while A Ltd is Domestic Company). A Ltd pays sitting fees to the directors of B Ltd. In such situation, whether A Ltd has to comply the provision of International Transfer Pricing provisions i.e. Directors of B Ltd are 'Associated Enterprises' . Accordingly please advise us.

If A Ltd already made the provision in the books of account for F Y 2017-18 in Mar, 18 for sitting fees payable. Whether disclosure of sitting fees in transfer pricing report in form 3CEB is based on accrual basis or on actual payment basis.

Request for your valuable advice in this regard.

We have enough balance in cash ledger to cover our liability on self assessment basis for month of january 2021. Do we still have to generate challan PMT-6, for our January liability?
When will cash balance be adjusted -- at the time of filing GST3 for the month of March ?
For month of February payment will we be required to generate challan, considering liability of January and February together?

For Assessee falling under QRMP Scheme Upload of Invoices for Jan 21 is not available since due date is shown as 13/02/21. Is there any way to upload invoices of Jan 21 now ?

Also if Jan 21 invoices cannot be uploaded whether upload of invoices for Feb & March 21 will be allowed ? whether this will affect quarterly return filing GSTR 1 ?