Sir,
We are export the goods in April 2024,in this we raise the E.Invoice,with payment of GST -IGST Rs.165157.89,but in SB our CHA wrongly entered in SB for Rs.16515.77.Taxable values are correct.what is the solution for this issues. Now we are filing the GSTR-1 as per SB only

Dear GST Experts,
We are running Schools & Hostel for Students, as well we are providing NEET coaching to our students. Some NEET Repeater students are requesting us to provide accommodation in our school hostel. As an educational institute we didn’t register under the GST.
In this case how do we collect the hostel fee from external student? Is there any GST Impact?

Dear GST Experts,
GST registration is require for collecting School Fee, Hostel Fee, Books Fee etc?

I have two flats.
One flat in Bombay, which is in my name only.
One flat in Bangalore, which is in joint name (my name first & wife)

If if sale my Bombay flat, which is in my name and invest whole sale proceeds
to buy another flat in Rajasthan.

i). Is there any capital gain if I invest whole sale proceeds.
ii). The new flat so purchased in Rajasthan can be in my name (single) or in joint name with wife.
IIi). Can one person have two houses?

Furniture shop owner purchase furniture 500000 from XYZ Ltd payment terms 2%CD will be allowed if we pay within 10 days otherwise bill is due in next 30 days as an accountant you realised that company do not have sufficient funds to pay within 10 days.
Company owner has made payment his personal bank account 490000 within 10 days and distribute purchase as follows
400000 company warehouse for business
75000 company office purpose
20000 for windows display for marketing purposes
5000 owner personal use
What are journal entries?

A Company issued the invoice Rs. 354000/- (including 18% gst) after that Supplier made payment Rs. 348000/- (After deduct 2% Tds).
Is this correct calculation..?
Total Value - 354000
Taxable value - 300000
Tax Value - 54000 (18% Gst)
300000 - 2% = 294000 After deduct 2% Tds
294000 + 54000 = 348000

Hello CAClubIndia,

I've been importing goods from China and reselling in India. My sole-proprietorship firm has IEC for the purpose of commercial importation. I recently received a request from another company to import goods for them using my IEC and firm. It work like they will transfer the amount needed for the purchase to my company bank account which I will use for the purchase. Once the goods are arrived to me, I will transfer the goods to them. As the company is owned by my friend, I will skip any profit for this deal.

My question is that if this needs GST to be collected and remitted by me from the other company as there is no active sales transaction being taken place?

Also, will this put any load on my shoulders in the form of Income Tax or any other taxes immediately or later?

Please suggest a good workaround after giving answers to my questions.

Thanks in advance.

Our one client dealing with surgical instruments business, he imported of goods and paid IGST 12% at the time of import of goods to the government, and he is resell imported goods to Maharashtra clients. Query is that Now Can he claim IGST amount as per GSTR-2b reflected on portal?

If a Din status is disqualified then can person apply for new DIN to become director in Other New Company to be formed.

OR
Else can file DIR-3KYC Form so that DIN can be activated. ?????

One of our client exported the goods with payment of IGST. But clerical mistake they filed the GSTR-1 by without payment of IGST instead of with payment of IGST. During the month of Feb.2024, they found and amended the invoices in GSTR-1, the same month regular exports also available and mentioned the exports with payment of IGST. At the time of filing the GSTR-3B, regular Exports IGST only debited in the Electronic credit ledger, the amended IGST not debited in the ECL by mistake. In this situation the Export Invoices not transferred to the ICEGATE. The refund also pending. How to debit the amended IGST in the portal. If debited through the DRC-03, they refund the same. Please clarify by the experts, how to solve this problem.