Sir,
One of it assessee agriculture land purchase .this land to State govt for land pooling purpose.if assessee benefit two falts received from state govt .
Question:
Assessess received two flats from state govt after two flats sales capital gains tax applicable in it act.
can we can appeal on that ground that we did not have taxable income that so we did not file return ..or we should go for other option
Hello Team,
I have one query that is TCS Applicable on Credit Notes while in related sales invoice TCS already collected and TCS return also filed..?
We are executing construction work under PSU. As per contract escalation to be paid vide CPWD manual clause 10CC. Original time of completion was March'2020 due to delays occurred on the part of the PSU for one year and further due to effect of COVID19 work has been extended up to June'2021. March'2021 extra work was incorporated and therein the PSU has cited the extended date of completion as 30.06.2021. Now during calculation of escalation citing the clause 10CC PSU wanted to freeze the indices as prevailing June'2020 for the following quarters like Sept'2020, Dec'2020, March'2021 and on. Till june 2021 75% of the original contract value has been executed. Hence balance 25% of original contract plus extra work yet to executed as on June'2020. Now quaries are :- Whether the indices of RBI and labour wages prevailing during the respective quarters of work done to be considered or it is to be freeze as suggested the PSU i.e. June'2020 for the further quarters.
Now quaries are :-
Whether the indices of RBI and labour wages prevailing during the respective quarters of work done to be considered or it is to be freeze as suggested the PSU i.e. June'2020 for the further quarters.
Diagnostic center run by a firm having two partner. One of them is medico and other is non-medico. whether diagnostic center will be liable for gst?
A single transaction of sale of Fixed Asset of equipment by individual for more than 20 lakhs .Whether it attracts GST ?
Sir,
Sec 44ada professional income person it returns filed up to f.y.19-20. assessee purchase of apartment f.y.14-15 Apartment value debited to capital account
Some development expenses f.y.17-18
Some development expenses f.y.19-20(missing)not entered in books
If assessess sales of apartment in f.y.20-21.
Question:
1.Assessess purchase of apartment value and development expenses credited by capital account and debited to purchase of apartment account in f.y.20-21 in books
2.development expenses missing in f.y.19-20 year debited to purchase of apartment account in books accepted in it act f.y.20-21
WE ARE A DISTRIBUTOR. EVERY TIME WE PURCHASED GOODS WE HAVE TO PAY FREIGHT AMOUNT AGAINST OUR MATERIAL CONSIGNMENT. SO, PLEASE SUGGEST ME WHEN TRANSPORTER CHARGES 12% GST ON FREIGHT VALUE, CAN WE CLAIM ITC ON THAT GST or it is under RCM. AND ALSO WHEN TRANSPORTER CHARGES 5% GST ON FREIGHT VALUE, CAN WE CLAIM ITC OR IT IS UNDER RCM METHOD. PLEASE SUGGEST.
Note that we are a register (In GST) manufacturing Company , this month(i.e. Jan,22) we gave a Quotation for Modification Charge Purpose to Interstate Party ( who Register in Gst) Rs. 94,400.00 (Including GST 18 %) as 60% ADVANCE basis and after received Interstate Party also paid the ADVANCE rupees (60%) Rs. 56640.00 as per our terms .
Now our question is we will shown this Advance Rs. 56640.00 in GSTR1 & GSTR3B Jan,22 return in if yes then please send us procedure and how to adjust next month this amount when Invoice will done because GSTR 3B now create autofill the data……
Respected Expert
Please provide guidance
An item having Cost Rs. 2800 and a 25% discount Rs. 700 which is shown on the face of Invoice
What should I take as its Taxable Value to calculate CGST & SGST
Thanks & Regards
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
Sales of flats capital gains applicable