My query was regarding the Suo Moto Cancellation and Collection of tax .I'm working for a SErvice Oriented company and the GST registration was cancelled , Suo Moto by the Range (Jurisdictional Office) with effect from March 2020.

But the company instead of many advices from the accounts and audit department , the company management is collecting tax from the customers and giving tax invoices since then and continuing till this time.But since this is Covid time , No officer have been able to see through this yet,

Requesting you all to please clarify the following ,

1.Is the company righteous in collecting tax and giving tax invoice after suo moto cancellation of GST Registration.
2.Whether we can pay the tax through GSTR 3B so collected and file GSTR 1 for the cancellation period ( means the tax so collected from March 2020 after the cancellation of registration )

REgards

M E

Sold a residential property for 40 lakhs. In sale deed govt. Value of 18 lakhs is shown & received DD for that. Remaining 22 lakhs is received by cheque & deposited in bank. Can the whole 40 lakhs be shown as sale consideration for computing capital gains in income tax return.

A company owns a flat . This flat is capitalized in books. Now this flat is demolished and made a new departmental store. How to account the cost of demolition in books.

Hi,

My client is an LLP and wants to merge a partnership firm constituting same partners as in the LLP. Is this possible? If yes, what is the procedure? and what are capital gains tax implications ?

Thanks.

sir company reverse interest income more than one year can the company can do also we treat the reverse interest income prior period item or not. tell me the treatment of interest reversal

Assess turnover Rs:60 lacs .but actually profit 3 % in f.y 19-20.
Question:
Assess net profit 3% shown in i.t. returns sec 44 ad under I.t.act return filed if any problem future.

Hi I have a poultry farm and a shop to sell dressed chicken. I dress the chicken, cut it, make half kg lots of cut meat, breast, legs, drumsticks, wings, offal, feet, put them in polythene, and mark different prices for different parts. What would be the GST ? Regards.

Dear team,
while filing Form GSTR 3B GST liability (on export of service with payment of tax) has inadvertently been shown in 3.1(a) of GSTR-3B (i.e. Outward taxable supplies (other than zero rated, nil rated and exempted) instead of 3.1 (b) of GSTR-3B (i.e., Zero rated Supplies). therefore we can not file refund for the same.
The same has been correctly reported in GSTR-1.
Please guide how to correct this error.
please note we do not have enough domestic sale to adjust the amount in the subsequent return.

Dear Team,
We are about to purchase a Heavy Machinery from vendor in Japan. The machinery will not be delivered to India but will be stored in the warehouse of the seller itself. the seller will charge the rent from us for storing this machinery in their warehouse. This machine will be capitalized in our books of accounts. As the machinery is not physically coming into India , there will be no Bill of entry (BOE) filed. how can we make payment to vendor in Japan for selling us the machinery based on the Invoice only. what are the GST implications on this transaction.

Urgent!!

An Error stating "Please enter valid Mobile Number with Country Code/ Mail ID" in DIR 3 KYC.
Please guide how to rectify it. Thank You!!