Hello, I made three software exports to Iran via datacom method one in 2015 (USD 1000) and two in 2018 USD 2000 and USD 7000). Payment in one case came via Paypal and in other two cases came from a third country. I filed the Softex and now when I submit the papers to the bank they are refusing to process staying that export is to Iran. Please advise how to resolve this issue

Thanks..............Shailendra Bansal

I am registered under GST A tenant of mine has made a provision for payment of 2,00,000/- on 31.3.2020. He has also deposited TDS on 2,00,000/-
I came to know of this provision entry from 26AS on 10.12.2020 at the time of filing my Income Tax return for FY 2019-20.
All my GST returns for FY 2019-20 were filed on due date
In my Income Tax return for FY 2019-20 I have not shown 2,00,000/- as income as I have not received any payment from my tenant & I work in payment received system.
I have also not taken credit of TDS & have carried forward to next FY

My query now is -
How do I handle the GST on this provision of 2,00,000/-

1. I can raise a debit note dated 31.12.20, deposit GST as applicable so that the tenant can take GST credit.
2. Or issue a fresh invoice of 2,00,000/- & deposit GST.

Basically I want to understand how to handle provision entries of 31 March under GST

Waiting for the advice
Thanks

following query from gst department

- Principal Place of Business - Address - Others (Please specify) - UPLOAD DETAILS OF STORAGE
FACILITY WITH MEASUREMENT AND PROOF

plz suggest

Can you please give me a Resolution about the subject matter?
Thank you so much. I will be waiting your responds

I would like to clarify the following

Whether exemption U/s 54 available in case reinvested in housing plot (Vacant Site) ?
(to the extent of capital gain arrived Out of the sale proceeds of Vacant housing plot )

i.e. Ms. Kavitha got some Vacant land through inheritance in April .2018 (Which was originally bought by her Grandfather in 1986) and the same has been sold out in Dec.2019 . She reinvested the Capital gain portion only in Housing site and start the construction of the house through another one builder in Dec.2020. Whether this can be claimed as an exemption U/s 54?


What will be the impact in case she just reinvested the capital gain in Vacant housing site and not start any construction within 3 years from the date of property sold ?

what is GST input set off rule from GST liabilty.

Respected sir/Ma'am
I want to apply for IPCC through direct entry scheme. As per the requirements they asked for 55% with commerce streame and i have 54.52% in my graduation. Now, I am confused whether i am eligible or not. Please do needful.

are unilateral and bilateral contracts a part of an executory contract, and also do only contracts with outstanding obligations are included in them( unilateral and bilateral)

I have sold my restaurant business along with the tenancy right for 2000000 in 2020. I have acquired the business in the year 1996 for 50000 . What are the tax implications, capital gain tax etc. Can I apply for 54ec capital gain bonds ?

Respected Sir,

I want to know the GST Rate on Kulcha, Pav, Burger base material Pizza Bread