WE HAVE WORNGLY TAKEN IGST CREDIT INSTEAD OF CGST AND SGST IN THE FINANCIAL YEAR 2017-18. THERE AFTER TILL DATENO ACTION TAKEN AS WE CAME TO KNOW JUST NOW DURING THE GST AUDIT. NOW HOW TO REPORT THESE ISSUE IN THE GSTR 9 / 9C OF 2017-18?

One of my client buys house of Rs.50 lakh and there is two buyers each share 50%
Whether there is need to deduct TDS or not?

An assessee had residential cum commercial property. One Residential house and shops in the same building. During FY 2019-20, he sold the property and bought 2 residential flats at different locations. can he take the benefit of Sec 54 and 54 F for the above capital gain ? Benefit under Sec 54 for capital gain arising out of sale of residential house and benefit under section 54 F for capital gain arising out of sale of commercial property ( shops ) ? what additional information needs to be shown in Income Tax Return ?

can the deduction under 80p be claimed by filing belated return?

I have a confusion in relation to "Stock-in-trade" in Form 3CD. I have 2 figures relating to Finished Goods and Traded Goods. So shud i just add these two and report there, since my client is engaged in Manufacturing and Trading activities or shud i only report the stock of Traded Goods?? i am confused...

thanks and regards

Sir, we are planning to purchase some goods and transporting the same
through E-rickshaw. Value of goods is around 72,000/-

Should we make E-way bill. Also we will pay freight Rs. 1,600/-. Is there any liability of RCM.

Kindly advise me.

Regards,

Rakesh Sharma

Dear Experts, we are collecting Tax at source on Tax Invoice.
Which figure we have to show either Tax Invoice Value or Value before TCS?

A lots of confusion on this matter, everyone has different view.

Request to all the experts, please clarify which value we have to show in GSTR-1, although
there will be no impact on Taxable Value & GST. But confusion on Tax Invoice total Value.

Regards,

Rakesh Sharma

Dear Experts, we are giving blanket to employees as Diwali gift and value
of blanket is around 1.5 Lacs. What is treatment of ITC in this case?

Should we reversed the ITC or make self invoice (in which name).

Kindly guide what to do in the above case.

Regards,

Rakesh Sharma

Dear Experts, we have taken below :-
Month GSTR-2A ITC Claimed 10% Diff.
Feb-20 1,20,000 1,55,000 12,000 (23,000)
Mar-20 1,65,000 1,75,000 16,500 6,500
Apr-20 85,000 1,02,000 8,500 (8500)
May-20 1,11,200 1,35,200 11,120 (12880)
June-20 1,58,100 1,98,200 15,810 (24290)
July-20 2,03,500 2,06,600 20,350 17250
Aug-20 1,85,700 1,76,500 18,570 27770
Total 10,28,500 11,48,500 1,02,850 (17150)

Sir in the above table, can we deposit interest on excess claimed ITC i.e. 17150 @24% p.a.?

Moreover, below are the details of Sep-20 & Oct-20 :-

Month GSTR-2A ITC Claimed 10% Diff.
Sep-20 2,13,500 2,47,450 21,350 (12600)
Oct-20 2,67,100 2,98,110 26,710 (4300)

Is there any liability of interest in above months, if yes, then on which amount we have to pay? i.e. diff. of ITC Claimed - ITC Shown in 2A or ITC Claimed - ITC Shown in 2A - 10% shown ITC in 2A.

I humble request to all the experts, please help me, on what basis we have to go ahead.

Regards,

Rakesh Sharma

Is RCM still applicable on Cash PURCHASE from UR Person for more than Rs. 5000/-.kindly guide on that via recent notification of GST