Sir/ madam

I need a clarification regarding the GST applicability of rent received from the building leased out by an educational institution in the same campus. the point to be noted is that the bank is mainly used by the students in the institution and also by some outsiders having account there. the institute is collecting GST. whether it is correct to collect GST. If collected it should be remitted. whether GST is applicable in this case.

Regards

Renuka CA

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Dear Sir / madam,

there is a partnership firm having four partners , nature of business is land developers,

they constructed a apartments having 25 flats, they sell 21 flats and now 4 flats is not saled , now they can transfer 4 flats each one individually and want to close the firm,
please confirm GST applicable , if they individually transfer the each flat to each of them ...
please confirm GST applicable for sale transaction or not

WHETHER COMPENSATION RECEIVED FROM CENTRAL GOVERNMENT FOR COMPULSORY ACQUISITON OF NON AGRICULTURE LAND IS TAXABLE OR NOT UNDER THE HEAD OF CAPITAL GAIN?

We have filed an Appeal against the Govt. of Maha. for enhancement in compensation for land acquired by the latter. The Govt. has been instructed to deposit the money in the Hon. Court as per the order passed by the Lower Court. We are allowed to withdraw the money upon furnishing an indemnity bond. We have filed the Appeal for obtaining a higher compensation than the one allowed by the Lower Court.
Query: Is the amount withdrawn upon furnishing an indemnity bond liable for taxation? If Yes or No pls cite the reasons.

XYZ imported goods by sea from Brazil. The invoice of Brazilian freight forwarder was in the name of Indian CHA and paid also by him. Subsequently, the Indian CHA issued a debit note on XYZ for recovery of these freight charges. The GST under reverse charge to be paid on the ocean freight paid to Brazilian freight forwarder is to be paid by XYZ or the Indian CHA?

sir, please explain how to deal with the employee contribution received towards the payment of epf and esi to the extent not paid until the due date of return filing under section 139(1). can we claim it as expenditure on payment basis if paid in subsequent period..

we are doing a business of providing manpower to some government agencies.......due to late remuneration received from such government agencies.... most of the epf and esi payments were paid later than due dates..can we claim deduction for penalties paid for these late payments under section 37...

Case law : ABC company has an amount of 2 crs in the name of mutual funds in its balance sheet . the company transferred this amount by cheque to xyz trust which is unregistered as a corpus donation .
Query is : 1. whether corpus donation of the trust be exempt or taxable in its hands. and if yes which head ?
2. reasons for the same .
3. Trust shall file its return in itr form no . ?
Please reply asap .

I am a newly qualified CA.

Me and Other 2 Friends thinking over to start partnership firm all at different places/states.
Karnataka
Maharashtra
Goa

2 of us Recently Registered as Member of ICAI
1 of us is having a membership & proprietorship firm since 2016.

We will be having our own practice in our places, making Partnership just to Gain more work(Like Bank Audits, PSU Audits, Tenders etc)

Will making Partnership Firm give us Edge over Grabbing Work? Also What more we gain when we do Partnership over Proprietorship?