A sole propriership organization, in the business of manufacturing and exporting goods sends the goods for export through merchandisers to the ultimate foreign buyer and pays the freight directly to the merchandiser ( e.g. $1000)
The same freight ( e.g. $1000) component is utimately billed to the buyer seperately through a reimbursement invoice later on for reimbursement
1. Whether GST is applicable on the reimbursement invoice sent to the buyer ?
2. What is the accounting treatment of the same in the books of the exporter

I have received inherited residential flat of my father which was purchased at approx Rs. 18000 (Eighteen Thousand) in 1980 in mumbai, area 265 sqft. In 2006 the extension work was done on existing structure of the building and each flat in building got extended by 110 sqft. admeasuring total area of 375 sqft. I have transferred 50% share of my flat on my wife's name and now we are joint holders. If I sell the flat for 37 Lakhs in April 2022 how much tax will be calculated on sale of this property. Request you to kindly guide.

Whether GST Input can be claimed for
(1) GST Input before Registration
(2) GST input for staying in hotels interstate
(3) GST Input for Nil rate sale of Goods and services
(4) GST Input for Goods lost in normal course of business or Abnormal Course of Business.

(1)Mr.X has business of guest house.(I.e.only renting room) Is Mr.X
required to take gst registration if turnover is below 20 lakhs during the
year and room tariff is Rs.1500 per night?

How to calculate age of senior Citizen in income tax for tax computation in income tax and also benefit of deduction.

what is major difference between Revenue expenditure and capital expenditure.

Buyer A and B finalized a property from Seller C and D for amount 80,00,000.
Buyer A and B have paid 40,00,000 each to Sellers C and D and registered the property
Now Buyers A and B need to fill 4 forms of 26QB (A->C; A->D, B->C, B->D).
In this scenario, I have below query:
In each of the forms, what should be filled in Total Amount Paid/Credited* field. Will this be total amount divided by 4 i.e. 20,00,000 or entire property purchase amount of 80,00,000 in all four TDS forms?

For capitalization assets useful life should be more than 1 Years,
Above Rs. 5000 should be capitalized and Below Rs. 5000 should be charged in revenue expenses.

I am sole proprietor of 'ABC' firm based on website development registered in Noida under GST and now I have moved to Delhi wants to open current accounts in delhi for same business. But banks will open current accounts based on registered address which is Noida (U.P.).

Q.1 My question is whether I can register new firm with similar name here in Delhi for same business?

In other words, Can person sole proprietor register two firm for same business in two different states?

Thanks in advance.

If expenses Incurred regarding Fixed assets on above Rs. 5000.(rs. Five thousand ) always should be capitalized, even incurred for repairs and maintenance Regarding, Any Fixed Assets.
or if any criteria then please reply also.