Hi

I am purchased Agriculture Property in 2001 . Now I am going to develop property and Sale as a Individual Plots. How I can reduce my capital gain or I can re invest some other property to reduce capital gain. Please suggest

Dear All

Please let me know if Section 80CCF & 80CCG is still applicable FY 21-22.

Any GST registered composite scheme dealer annual return gstr4 f.y.20-21 filed last date.

We are 100% Export oriented undertaking . We have imported duty free capital goods . Know we want to sell these capital goods as scrap.

What will be levied whether GST or Custom Duty.

What is the procedure to be applied in customs

hiii
ABC Enterprise Proprietorship Firm sale goods outside india( product:- (imitation jewelry)
goods send through courier
so no shipping bill generate
how can i show turnover in gst return ?

Hello,
I have forgotten to claim TDS of FY 2019-20 and did not even date of revision of return is gone.
What can I do now.. To claim that TDS
Pls help

Sir,
One of our Client not filed monthly Returns from February 2020 and Registration was cancelled by the Department in the Month of December 2020,Now the Monthly returns were filed upto December 2020.
But when we go to request for revocation of cancelled Registration,the Message is Showing 'Application for Revocation of Cancelled Registration' cannot be filed after 90 days from date of Cancellation order.
Can anyone inform the procedure for revocation in this Case.
Thanks & Regards

Sir,
i am register in GST and i have received income of Scrap Sales is rs. 15000 in cash.
there are some questions kindly guide ASAP
1. GST applicable on Rs. 15000 or we have to show including GST ?
2. where we show in GSTR -3B & GSTR -1

Kindly Guide ASAP

Hi All,

Could you please share me the roles and responsibilities of each dept like GL, P2P,R2R,O2C, during month end. It will be more helpful if i get the flow of work. If I miss any other departments apart from the above mentioned, please let me know on the same. I look forward to hearing from you.

Regards,

M/s BL Ltd,a Public Company, has given a contact on 01.02.2021 to M/s Smooth Paint Pvt Ltd for Rs. 60 Lakhs + 18 % GST total Rs. 70.80 Lakhs for overhauling & painting a various machines within time limit of 6 month from date of contact. The work is of Revenue nature. As per the terms of agreement payment shall be made after completion of works.

As on 31.03.2021 (i.e. on balance sheet date ) M/s BL has surveyed the work done till date and measure the work done by contactor and found that only 20% of work having value Rs. 14.16 lakhs (Rs. 12 lakhs + GST Rs. 2.16 lakhs) has been completed by to M/s Smooth Paint Pvt. Ltd. No payment has been made for this part work since as per the terms of agreement payment shall be made after completion of entire work.

What shall be entry in the books of accounts of M/s BL Ltd as on 31.03.2021 ( Balance sheet date )
Option1:
Overhauling & Painting Exp Dr. 12,00,000.00
To M/s Smooth Paint Pvt Ltd 12,00,000.00

Option2:
Overhauling & Painting Exp Dr. 12,00,000.00
CGST Receivable A/c Dr 108000.00
CGST Receivable A/c Dr 108000.00
To M/s Smooth Paint Pvt Ltd 14,16,000.00

In Nutshall DO we should show the GST on part value of work done( calculated on estimated basis ) as input receivable in Balance sheet EVEN if the bill is NOT received.

Kindly back your answer with relevant para of Accounting standard or guidance notes .