AFTER 25.01.2018, AS PER NOTIFICATION NO.8/2018, THERE IS GST PAYABLE ON MARGIN VALUE i.e. DIFFERENCE OF SALE PRICE AND PURCHASE PRICE. IF IT IS SOLD AT LESS THAN PURCHASE PRICE, IT IS TO BE IGNORED.

MY QUERY IS : THIS NEGATIVE MARGIN IS TO BE CALCULATED SEPARATELY FOR EACH SECOND HAND MOTOR VEHICLE SOLD OR ON MARGIN VALUE ON MONTHLY BASIS. BECAUSE ON SOME CARS, THERE IS PROFIT AND ON SOME CARS SOLD, THERE IS LOSS.

That assessee is engaged in Trading of Food grains( adat Business).during the year assessee had received more than 20000/- from his brother several times, who is also engaged in adat Business, and repaid more than 20000/- several times to his brother, and at the end of the year account has been squared up. whether section 269SS Apply or not if not , please clarify with Reason

That Assessee Having 6 Truck during the previous year, is engaged in Transporting Goods and Income Declared u/s 44AE of the Income Tax Act. during the year the assessee has sold on truck and earn Rs 150000/ as Profit on sale of Truck
whether this amount is Taxable or not, if taxable under which section and why
please clarify
it's urgent

If my wife declares money given to her by me as gift in her ITR as INCOME other sources, than will clubbing provisions apply ?

Kindly advise.

Regards,

HARSHAD KHONA

Can you please provide the GST applicability on below mentioned export services.

(1) Product development assistance (includes making drawings and specifications): Place of supply is in U.K. and service provider is in India

(2) Providing IT support (working on servers which are based inUK : Place of supply is in U.K. and service provider is in India

Can a private limited company accept deposit from its distributors? If yes, then what interest should the company pay on such deposit and how much TDS shoud be deducted on the interest paid?

Whether a mobile dealer can accept Rs. 500 and Rs. 1000 notes after 8th November, 2016 in exchange of phones held as stock?

Dear Sir,
Assessee being asked to pay interest on delayed payment of tax. suppose I have filed my 3B on 22nd day then they are asking interest on my output tax liability whereas I have adjusted my all output tax liability from available itc. Please advise me how to reply them ?

Thanks in advance.

Dear Sir,
I have taken registration GST on November 2019(as a courier agent). And in November i have raised 2 invoice amounting Rs. 50,000/- Gst Rs.2500/-.
Now i want to know it it compulsory to submit GSTR3b monthly basis from November-19 on words.

Dear sirs,

Can I take ITC on building materials used (cement, steel, other hardware) on construction of own building. After completion of construction, I am going to either let out the rooms/building or open own shops/super market therein. Please advise me on this.

Thanks in advance