my GST turnover including GST amount i.e. net sales+ GST above Rs 2Cr, but net sales excluding GST is below Rs 2Cr , whether i liable to file GSTR-9C i.e. GST audit report form

An assessee is into the business of running a fuel filling station having dealership agreement with a PSU supplying petrol & diesel. As per the dealership agreement with such PSU, the assessee had paid reconstitution fees of Rs. 5.25 lakhs to the PSU on admission of new partners into the firm and treated the same as Revenue expenditure. However, during the scrutiny assessment proceedings, the Order u/s 143(3) of IT Act was passed by disallowing the same and treating it as Capital expenditure. Should it be treated as Revenue or Capital expenditure ? Kindly answer with supporting case laws or section references as per Income Tax Act, 1961.

sir, i purchased aplot in may1988 for rupees21900/- now in august2019 i sold it for62 lakhs. what willbe the capital gain tax. how to calculate. if i purchase REC BONDS FOR50 lakhs, then what about the balace.how to calculate capital gain tax for that amount. please guide me

We are an mfg. company. some of our suppliers filing their GSTR1 on quaterly basis. Please advise in that case can we take the 100% ITC of that bill or we have to take 20% of ITC in our returns as he is filing his return on qrt. basis. Please advise with exaple if possible.

Sir we are Govt.Organization we have filed GSTR7 wrongly and paid GST. Receiver also accepted the wrong filing. If I file GSTR7 can I get the amount in my cash ledger?

Hi,

Can a Co-operative society get 12A registration?

Please share the reference for your answer.

Dear Sir,
In case of Joint Development agreement as per general practice the landowner gives land to
builder through development rights , then builder will gives some flats to landowner as per agreement.
1)Whether the accounting entries need to pass in the books of builder for flats given to
landowner ?
2) Whether the Flats given to landowner will be considered as turnover as per income tax Act ?

dear sir, gst officer has asked me to want audit of 2017-2018 .is this correct?gstr-9 and 9c due date is still pending.please advice me

Hello sir

Please help me calculate networth from the following data given in a balance sheet

Current assets-3 crores
Fixed assets&cwip-1 cr
Other non current assets,assets held for sale&other financial assets-1 crore
Current assets,investments & tangible assets-11 cr

Current liabilities-1 cr
Other current liabilities,Non current liabilities,provisions,equity-2 cr
Accumulated losses-4 cr

Please guide

Hello,
Whether gifts received on the occassion of the son's or daughter's wedding is exempt from tax? For example Mr X received Rs 5lakhs on the occasion of his son's wedding.Whether such receipt is exempt in the hands of Mr X