Dear Experts,
1 A company purchased the printer for its office usage for Rs 100000.00 plus GST Rs 18,000.00,Totally Rs 118000.00
2 The seller of the printer has deducted Rs 30,000.00 towards the used printer, which was given by the company.
3 Now the seller, has not considered this Rs 30000.00 for GST computation of New Printer
4 Whether this GST computation is correct or not
5 Pls confirm.
6 Whether the value of exchanged goods to be reduced from the newly purchased goods taxable value for GST calcualtion or not?

Hello GST Experts,

I have one query related to Refund of GST paid to Govt.in the form of Cash of from ITC for Supply of Materials or services against which payment is not realized from Recipient.

is there any Section or clause in the CGST Act 2017?

Because the concern is, Suppliers has supplied the service or goods but the recipient company has filed Bankruptcy and since more than 12 months payment is not received by supplier.

How a supplier can get their GST Refund in the scenario of Bankruptcy filed by recipient?

Your expertise will help the Industry and also help the finance ministry to revise the norms in favor of supplier for non realization of their payment.

Thanks & regards,

Tejas Vora

What are the Income Tax Implications if the plot of land is owned by the Husband and commercial building/shop is constructed by his wife from her own funds? The Land is situated in Karnataka.
Property Registration Queries
A) Is the separate registration required for the building (under The Karnataka Registration Act, 1961), the purpose of the building is commercial shop and to fetch rental income?
B) What type of documentation is required to have legal and separate ownership of Land and Building of commercial property?

Good morning sir/s,

restaurant / hotel supplies to swiggy and zomatto exempted, can he opt to pay tax under composition

I PURCHASE CHILLI FROM FRAMER WHO IS URD.PLEASE ADVICE ME HOW TO SHOW THIS IN GSTR-3B.SHOULD I PAY GST AT THE TIME OF PURCHASE OR AT SALES LEVEL
WITH THANKS

Dear sir

A registered person under GST engage in the business of Visa srevice, PTE- ILETS coaching etc and give the counsilg for admission in forigen universities. For this he receives a amount form universities through a company registered under GST Act, in his bank account. In this case my queries as under:-
1. In which a/c credit the said amount ( Commission or Counsling fee etc).
2. Will a bill be issued under GST Act and disclosed in GSTR-1 & GSTr-3B.
3. What is the GST rate is applicable on this service and sac code.
4. GST will be applicale forward charge or under RCM on this service bill.

Kindly proper guide.

Thnks in advance to all experts for earliest guidence.

Sir,
Any it person gold jewellery hold limit and purchase limit in it act.
1.gold etf
2.physical gold
3.digitial gold
4.sovern gold bonds.

Where a land owner enter into JDA with builder having following terms:
Total flats 100
Flats to landowner 30
Flat sold before issue of cc or first occupation 63
Unsold flats in issue of cc 7
Sale consideration of flat nearest to date of development agreement 80 lakhs
Sale consideration of flat nearest to issue of CC 100 lakhs.

Tax payable lower of a or b

a. 80 lacs*30 flats*18%× 7 flats divided by 100 flats=30.24 lacs

b. 7 flats*100 lakhs*5%= 35 lacs.

Thus GST payable by builder under RCM will be 30.24 lacs.

Is this calculation is correct ?

am i suppose to get a advane payment receipt, under gst rules, for advance payment made to internet service provider? or it is exempted by some notification?

if poa holder gets all the amount of selling of property then who will pay the ltcg ?