Respected Sir,

Kindest regards to all of you.

Please guide me and oblige.

Basically I am a builder and developer. I have few unsold flats also which I have given on Rent. Total Rental Income is below Rs 10 lacs yearly during the financial year 2018-19. Whether should I collect 18% GST from my tenants or I am totally exempted from GST on such a rental income of Rs 10 lacs yearly.

A society Registered U/s 12A and 80G. In the financial year 2019-20 they received the donation of Rs 895000/- but due to some problem in management they were able to utilized only 219500/- the balance is in Bank Account. Can We fill form 10 and claim that the amount will be utilized in year 2020-21 for its charitable purpose or there is no way out but to pay tax after deducting 15%

Dear experts,

FY 2019-20 in GSTR1 we have declared Rs. 2 crore Taxable Turnover under the Table 4. Actually this is deemed exports @ 0.1%. It should be shown in GSTR1 under the Table 6C. will it create any problem, while filing the returns GSTR 9 & GSTR 9C? Please guide me to rectify it.

We are building a used car leasing company.
We purchase cars from owners, register these cars in our company's name and further lease them to willing lessees (individual / corporates). I will be charging the customer GST on the monthly lease rent. My questions are:
1. What is the % GST for used car while leasing.
2. If the first owner has not taken ITC, can the leasing company which is the second and current owner take benefit of this ITC ? If Yes/No, how and why ?

Dear All,

A Public Ltd company having an exposure of 100+ Crs Bank loan exposure, has about 35 crs unsecured loans from Directors. As per the sanction terms, Banks has restricted repayment of Unsecured Loans during the currency of the Term Loan.

The company has opened a current account (Joint) in the names of two directors and one employee with a bank which is outside the consortium (without the knowledge of Bankers) and started depositing daily cash collections into that account and made repayment of Unsecured Loans to a tune of 5+Crs. Incidentally it was founds that the company is also not paying EMI since March 2020 and thereafter as the moratorium is extended.

Is the above act legally valid? Do banks have any recourse to the above stated facts? Can this act be construed as Diversion or Embezzlement of funds?

Dear Sir,

1) A Individual person having PPF account, he received Interest on PPF Ac , the interest amount is taxable or not please clarity .... and
2) A Individual person Received LIC Maturity Amount is taxable or not ....and TDS Made by LIC Dept

please clarity

Dear Experts. We paid Renewal Fees for Factory license (Inspector of Factories TamilNadu),Whether this fees payment fall under RCM or Exempt from GST Levy. Kindly share your views.........

Can the Profit on Sale of Depreciable Building be considered for the purpose of calculation of Remuneration as the block has become nil.

I am partner in an Partnership firm. Other partner is running firm from several years and he kept hidden that I am other partner of firm as this was old parental firm. Now I want to take legal action against other partner. But for that I need all previously filed income tax/audit reports copies. I asked them for efiling/vat login credentials but both CA and other partner are refusing to give me that. Can I take legal action against CA professional misconduct? And can CA do audit of my firm without my consent as he is doing from so many years?

Dear All Experts,

I have recently asked a query w.r.t. to liability of IGST or CGST+SGST in case of GTA service in the
below case. But till today, I am very confused. My humble request to all the experts please guide met in below equation :-
1) GTA : Delhi based (Regd.), Supplier : Haryana, Recipient : Haryana (Freight paid by Supplier)
2) GTA : Delhi based (Regd.), Supplier : Haryana, Recipient : Haryana (Freight paid by Recipient)
3) GTA : Delhi based (Regd.), Supplier : Haryana, Recipient : Delhi (Freight paid by Supplier)
4) GTA : Delhi based (Regd.), Supplier : Haryana, Recipient : Delhi (Freight paid by Recipient)
5) GTA : Delhi based (URD), Supplier : Haryana, Recipient : Delhi (Freight paid by Supplier)
6) GTA : Delhi based (URD), Supplier : Haryana, Recipient : Delhi (Freight paid by Recipient)

Kindly advise me.

Rakesh Sharma