Sir,
One of my friend business is rent of building.
in order to maintain building need some construction work time to time.
For this purpose purchase steel,bathroom items, Glass etc.
while purchasing this we get invoice and that is reflected in our 2B.
can we claim that input.
Please advise
With regards
Binu

Xyz Pvt Ltd has 2 directors.
They want to purchase 2 ihones for themselves and 2 more mobile for employees.

Can they claim ITC on all 4 phones?

Is there any limitation on claiming ITC on purchase of mobile phone?

DEAR SIR,

CAN WE ANY ONE CAN FILE FORM UPDATED ITR U FOR THE ASS.YEAR 2021-22. WHO IS ELIGIBLE FOR FILING ITR -U. ONE WHO CAN FILE IF PREVIOUS YEAR NOT FILED ANY INCOME TAX RETURNS BELOW TAXABLE LIMIT.

PLEASE CLARIFY ME

REGARDS

whether GST can be levied on cancellation of invoice in the case of services.

Dear Sir,

One of my client has transferred my professional fees in my company's Bank account instead of transferring it to my own account. My company is registered under GST.

My query is can I directly return the money to my client from my company's account as there was no bill issued by my company.

Please help me in this matter.

Regards,
Divyesh Jain

Respected sir I want to know why interest on national debt is classified as transfer payment and therefore it is not included in national income but why it is not considered as factor income as government avails credit facilities?

for Gst registration; rent agreement with municipal council (owner) is sufficient ?? or do i need electricity bill/municipal tax paid copy also ??

By oversight, I have remitted Rs.1000/- through Challan No. ITNS 280 (Major Head 021 and minor head 500) for my PAN. Since I am not going to use the said amount, please let me know the procedure to get the refund of the same.

I am gst registered person and paying rent of Rs1924/ per month in cash to landlord. Bill is in my personal name. I received july 2022 bill in August 2022.How will I show in my books of proprietor ship firm residential bill? What will be the required journal entries? How much gst I am required to pay? Can I claim this gst? In which month should I claim? Please advise?

One of the clients is a real estate developer under proprietorship and the project has received completion certificate in FY 2122. In this case all the bookings have been received after the issue of completion certificate and hence no gst has been collected by the builder on the same.Till FY 2021 all the expenses related to project has been shown as WIP.

However a good amt of expenses has been made after the date of completion certificate w.r.t the project. What should be the treatment of such expenses?Should it be capitalised or treated as revenue expense?

Also what method should be followed in this case. Percentage Completion Method or Project Completion Method.