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hemlata p. soni
24 July 2019 at 15:20

Capital gain on house property

IN ONE PROPERTY THERE ARE 4 BROTHERS HAVING 25% EQUALLY. NOW ONE BROTHER GIVE HIS SHARE TO OTHERS. HOW HE MAKE LEGAL DOCUMENT AND WHAT IS CAPITAL GAIN ON THAIS? PLEASE GIVE URGENT REPLY


Pushkar and Associates
24 July 2019 at 15:16

Income tax or tds on gift

I am a Jewellery retailer, and I am going to distribute prize to our customer, the prizes would be Car, Bike & Home Appliances, then is their taxes on gifts on my hand or my customer's hand and also tell me the tax rate and relevant section.


CA Parul Saxena
24 July 2019 at 14:48

Hsn query in gstr1

If a building is let out ground floor and 1st floor and gst is charged to different tenants then in quarterely GSTR1 in HSN in no of quantity what to written 2 or 6?


sathiya
24 July 2019 at 14:43

Same partners in different firms.

If partners of a Firm want to create another firm with the same set of partners and same percentage of share of profits for convenience purpose, is it allowable? Will the income of both the firms be merged in the hands of AO??


GST Group

Sir, please provided the detail regarding GSTR-9. Is a GSTR-9 is applicable after the cancellation of Gst no.
If any one know then please provide me with following attachment:
1. Press Release
2. Circular
3. F&Q


Anshuman Basu
24 July 2019 at 14:12

Excess itc taken

Dear Sir
We are GTA service provider. Our Sales is Exempted in GST. We have No output Invoice.
Lack of Knowledge of GST act, we take ITC ( FY 17-18) Rs 5228/-as IGST, & 57476/- each (SGST& CGST each) from our difference service bill (Like Repairing and Maintenance invoice, Telephone Expenses, Rent expenses.).
We cannot set off or adjusted these ITC from our Output Invoice. Because we have no GST bill.
Naturally Unutilized ITC is lying in our Electronic Credit Ledger.
When we prepare GSTR9 the system show Rs 5228/-as IGST, & 57476/- each (SGST& CGST each) in column no 6A
Now the Question is
1.what is the treatment of above scenario, when we fill up GSTR9?
2. in which column we put ITC and revised ITC?.
3. Should we pay tax as we revised ITC ( NB we have no Out put Invoice)


sahithi chereddy
24 July 2019 at 13:52

Capital gains

Dear Experts,
The sale consideration received on sale of Land was less than the circle rate(Value determined U/s 50C) because the Land has got some disadvantages. When can we give contest to the Valuation officer for determining the fair market value of the land ?
i.e After filing the return or before filing the return!!!

Thanking you in advance:)


anoop bhatia
24 July 2019 at 13:51

Ind as 24

As per related party disclosure we have to disclose the transaction value. I have a question that the amount of transaction value would be inclusive of GST amount or exclusive of GST.
For Example if transaction between related party for sale is Rs 100000.00 plus gst Rs 18000.00 should we disclose Rs 100000.00 or Rs 118000.00 as transaction value.


deepanshu
24 July 2019 at 13:09

Gst

CAN WE CHARGE GST ON SERVICES PROVIDED TO ENTITY THAT PROVIDE EXCLUSIVELY EXEMPT SERVICES (LIKE EDUCATION SERVICES)?


Nandini Mantri
24 July 2019 at 13:05

Raythu bandu

Is amount received under Raythu Bandu is Taxable? if So whether it is to treated as Agriculture Income or Income from Other source, If Not is their any notification exempting the same or any section referring the exemption.







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