Mr X(GST registered) took a contract to build the house for Mr Y(Individual)
Mr X procures Cement etc which are taxable item.
1.Will MR X can take the ITC of all that product?
2.Rate of GST Charged to Mr Y would be 18% ?

A X company's nature of business is purchasing
1. land and giving for development the same and in future gives for rent.
2. and Sale of land.

My Question is can company can take ITC on bill given by developer and if any material purchased for construction of land.
Please give clarification for the same which ITC can we take and which are not.

Dear Expert,
A Ltd (Jharkhand) buys material from B Ltd (Nagpur). Both are registered under GST.
A Ltd will pay freight under RCM.

Case 1. Transporter is registered in Jharkhand but not liable to pay GST under RCM
Case 2. Transporter is unregistered not liable to pay GST under RCM.

Now the query is what will A Ltd Pay under RCM CGST & SGST or IGST ?

Thanks & Regards,
Mantu Agarwal

I.t. Assess sales of vacant site value rs.3,40,000/- Dt:20-03-2020 in f.y.2019-2020.
This site purchases value rs.1,70,000/- Dt:02-05-2011 in f.y.2011-2012.but mistake purchases of site value not (not entered in books)shown in I.t. returns.
Question:
1.Assess sale of site Value rs.3,40,000/- amount f.y.2019-2020 shown in i.t. returns compulsory or not.
2.How to adjustment producure purchases of site value in I.t. returns.

As per format of GSTR-1, credit note issued to unregistered dealer towards goods return is to be reflected in table 9B- Credit / Debit Notes (unregistered).

However, input field does not provide option B2C (Small). Further, it allows only details of goods return towards Inter state supply on which IGST is leviable. No specific column is provided to fill details of goods return towards supply within state on which CGST & SGST is leviable.

Now, where to reflect Credit note issued to Unregistered dealer (B2C small) in GSTR - 1.

We have demand from scrutiny assessment for which we have appealed to CIT(A).
we also paid 20% of demand for stay.
does AO issue any written stay order or paying 20% is enough?

Whether TDS is deductible? if so under which SEc. of I.T. Act?

IS ANY KIND OF TAX APPLICABLE (WHILE RECEIVING FUNDS OR WHILE REMITTING) IN CASE OF ONE SECURES A CONSULTANCY CONTRACT FOR SHIP REPAIRS FROM ONE FOREIGN COMPANY FOR WORK TO BE DONE/SUB-CONTRACTED IN ANOTHER FOREIGN COMPANY.
THE PAYMENT WOULD BE RECEIVED FROM SAY SINGAPORE IN TO INDIA AND MUCH OF IT WILL HAVE TO BE FORWARDED TO CONTRACTORS/CONSULTANTS IN UAE WHERE THE ACTUAL WORK WILL BE DONE.

NONE OF THE FOREIGN COMPANY'S HAVE ANY BRANCH/REPRESENTATION IN INDIA.

1. WILL GST BE APPLICABLE ON INVOICE RAISED TO SINGAPORE COMPANY?
2. WILL TDS HAVE TO BE DEDUCTED ON PAYMENTS BEING REMITTED? HOW MUCH?
ANY OTHER CONSIDERATIONS TO NOTE, IN THIS CASE.

I have incurred F&O loss of 8 lakhs, for FY 19-20 ,do i need to have audit (if i dont want to carry over the loss)
my turn over is 18 lakh.

There was a notice from income tax (AY-2017-18)department against which I applied for CIT appeal ......now status of my ITR from AY 2014-15 to AY 2018-20 is showing as "Rectification right transferred to AST".

Why is it showing? and does I have to do anything for this?
Please please guide me over this issue.
Thanks