GST queries [1842]

All Resolved Open

Abdul Basith

21 February 2021 at 20:55

Giving gift to customers from sale item

I purchased some items for selling. and I claimed GST against the purchase. Now I want to give one item to my regular customer as Gift.
1. Do I have to raise sale Invoice? If Yes, What do I have to Debit ? becoz I dont receive Money for it.
2. If No, How to release this item from my inventory?
3. Do I have to reverse the GST?

SANKUNNI P T

21 February 2021 at 19:18

Rectification of demand nice under Faceless Assessment

Has the Govt. notified any procedure for rectification under faceless assessment ?

Gopalakrishnan. S

21 February 2021 at 18:36

Payment of GST under QRMP scheme

Sir,

We are under Quarterly Return filing option under QRMP scheme. We have generated
challan with Reason for challan as " Monthly payment for quarterly return" and have successfully
paid the due GST amount for Jan 21 and the amount is credited to our Cash ledger.
Is that all as of now ? Is this challan called as " PMT - 06 challan. " When should we offset this amount ?
Pls. explain.

CHANDRESH SAVANI

21 February 2021 at 13:05

Trader association (AOP) deed

Any one have AOP deed for Traders association.
Please, provide me.

rishi

21 February 2021 at 12:31

E-verify return

i have forgot to e-verify return for a.y. 2017-18 and there is no option showing to e-verify on portal, so how can i e-verify my return now?
Thanks

lokesh ramesh

21 February 2021 at 08:13

Taxability

My grand ma gifted me 1,75000 I started investing in share market and made some profit , whom it should be taxable .
Note: I have '0' income and the demat account is created in my name not my grandma.

Kindly suggest me a solution

NiJPo

20 February 2021 at 19:36

Long Term Capital Gain Tax Property Jointly Owned

Hi Friends,

Party A and Party B purchased a residential flat in July 2013 at 17.0 Lakh. Now, the same flat is sold for 25.0 Lakh in January 2021. Considering CII value of 220 in 2013-14 and 301 for 2020-21, the indexed Long Term Capital Gain for each Party is around 70,000. Since the gain is less than 1 Lakh for each, Will there be any Long Term Capital Gain Tax?

MAKARAND DAMLE

20 February 2021 at 18:55

QR

Can an assessee under QRMP Scheme pay GST for Jan 2021 by using Create Challan Mode - Reason for Challan - Monthly payment for quarterly Return - Challan on self assessment basis ?