Me and my brother sold a property for a sale consideration of Rs.60,00,000. LTCG after indexation comes to Rs.20,00,000. In ITR2, in Sec. CG, under B.1.f, where one has to provide the buyer details, can you please advise what should be the purchase amount to be provided? Would it be full Rs.60,00,000 or apportioned amount of Rs.30,00,000 as me and my brother would be showing only our share of the deal (sale amount, cost amount etc.) in Schedule CG.

A gst registered regular scheme dealer closed dealer business. dealer sold for capital goods (machinery tax rate 18%) in books.
Question:
Dealer sold for capital goods amount shown producer in gstr3b and gstr1

Dear Experters,

Can you any update extended due date for ITC claim for fy 2019-20 ?

Please update as same

How much time does the process of voluntary winding up for small companies through the Regional Directors office take ? Can anyone help ne with the process ?

Hi,

Our Company wants to reimburse legal fees(Advocate bills) to one of the directors incurred by him on personal capacity under a dispute, can someone suggest whether this will attract RCM under GST for the following two Case -
1 . Bill is in the name of the Director and submitted to the Company for reimbursement.
2. No Bill is submitted and claimed as settlement amount from the company.

Also, whether point no 2 will attract any TDS provision on Director since he is not submitting any bill.

Thanks

Facts : Bajaj Finance is giving loan on car/vehicle tyres. We are dealer of tyre. If I issue bill of Rs.100 to customer, bajaj finance will give me Rs.100. Later, that customer pays Rs.100 + interest to Bajaj Finance. We issue bill in the name of Customer. Bajaj Finance is giving monthly bill to us under name "Subvention charges" and charge GST on it. In GSTR-2A Subvention charges 135890.69, CGST 12230.16, SGST 12230.16

Question : If we want to utilize that ITC (GST) then such subvention charges should be debited. Now what entry we should pass ???

By Subvention charges Dr
By CGST Dr
By SGST Dr
To ?????

Since neither we have paid any money nor we liable to pay to Bajaj Fianance.

Dear Experts,

Is Jobworker required to compulsory register under GST even if turnover is below 20 lakhs?

Please advice

Regards,

Our turnover is above 500 crore, but we sell exempted product
we have rented our building premises & receive monthly rent.
On rent we pay GST to Govt.
In this case can we require to raise E-Invoice under GST Law.
when E-Invoice started i.e w.e.f.

Our co is asking a supplier to directly deliver the goods to our buyer who is SEZ....what are the GST Implications?
Whether Supplier will charge GST to us?
Whether Supplier will charge GST to SEZ?
SEZ Buyer will issue LUT in which name in our organisation or our supplier?

Our one client import of goods for home consumption (Resale purpose) through FEDEX COURIER AGENCY and paid IGST on total imports. and that IGST paid details not shown under GSTR-2A form under PART D Import of goods from overseas on bill of entry. Query is that he can take ITC aginst of igst paid?