A trust is running school and It has some idle land and its earning rental income of 1500000.p.a.It doesn't have GST registration.

Is trust is liable for GST for the rental income?? & Liable to take GST registration??

If yes please send me relevant notification/circular/rules/

Please help me to resolve this issue

Is compensation received from government against compulsory acquisition of land for road development is taxable?
1) If land is agricultural-
2) If land is non agricultural

Which form is used for filing ITR?

Please clarify

If an entity is selling exempt goods to another state & charges forwarding charges then whether it would be liable to obtain GST registration as per Section 24 of CGST Act?

Whether Flipkart Returns are to be treated as Credit Note and to be reported under GSTR 1?

I.t.assess gas amount paid to through on bank account Rs:800/- some amount refunded rs:180/- amount credited in Assess bank account.
Question:
Assess refund amount other income added or exempt in I.t. act. and accounting entries passed both transactions

Say I have sold a property on 1/jan/20 having capital gain of 50 lakhs and
another on 1/sep/20 having similar capital gain of 50 lakhs.

Can I avoid capital gain tax by investing in 50 lakhs in bonds on 1/5/20 and another 50 lakhs on 1/oct/20. If this is not allowed because I cannot invest more than 50 lakhs in a FY,

Can I invest 50 lakhs on 1/mar/20 and 50 lakhs on 1/oct/20 to avoid capital gain tax on both sales?

SIR
ONE OF OUR CLIENT RECEIVED AGENCY COMMISSION IN FOREIGN CURRENCY FROM FOREIGN SUPPLIER FOR AGENCY SERVICE RENDERED IN INDIA. PLEASE LET ME THE SAME WAS LIABLE FOR GST. WHETHER LIABILE FOR GST WHAT IS THE SAC CODE.
PLEASE CLARIFY

Hi Everyone,

We have bifurcated salary in below components:-

Basic Salary
HRA
Conveyance Allowance
Special allowance

But while calculating EPF contribution, we are adding Basic Salary, Conveyance allowance and special allowance and we are deducting 12% from this amount as employee contribution but if it crosses limit of 15000/- as per EPF then we are deducting 12% on maximum of Rs. 15000/-.

Please advise is it the right way of doing deduction for EPF.

Thanks

Hi,

We have taken loans from Pvt banks for purchase of machinery and vehicles. Whether we have to deduct TDS on Interest paid to Pvt Banks or Financial Institutions. TDS is applicable for only Banks or other pvt financial institutions. Please clarify the same.

Dear Sir,
after the death of proprietor what is the procedure of transfer of GSTIN in favour of Son.
whether he has to obtain new GSTIN ?
If yes then how is the itc balance would be transfer in new registration ?