I have inward sale in September 2019 and outward sale in October 2019.

As I am new business, I forgot to submit ITC forms before due date.

I filed GSTR1 and 3B monthly.

Is there any procedure to file ITC after due date?

OUR CLIENT IS BUILDER AND THEY HAVE OPTED TO REMAIN IN OLD SCHEME OF GST RATES OF 12 % AND AVAILING ITC ON INPUTS AND INPUT SERVICES . OUR QUERY IS THAT WHETHER RCM APPLICABILITY ON PURCHASES FROM REGISTERED DEALERS ON LESS THAN 80 % FROM REGISTERED DEALERS IS APPLICABLE TO THOSE BUILDERS ALSO WHO HAS OPTED TO REMAIN IN OLD GST RATES OF 12 % , OR THIS IS ONLY APPLICABLE FOR THOSE BUILDERS WHO HAS TAKEN OPTION TO PAY GST @ 5 % AND NOT AVAILING ITC ON INPUT GOODS AND SERVICES.

CCould you please share IDEAL DSCR(Debt-Service Coverage Ratio) for motherboard manufacturing industry.

Dear Sir/Madam,
Can I claim for TDS for FY 2010-2011 in FY 2018-2019?

Hi

I terminated from my article training bearing reason for industrial training and regional officer approved it. I had not registered under industrial training in company but i want to join other articleship firm as the company which i choose is not good

I made re registration for other articles ship firm for 1 year and the new principal accepted it. Whether the regional offiver will approve the registration or not

Or else he will disapprove that taking termination onbasis of registering industrial training and now joining articleship. Again

Dear Sir,

Kindly guide me through this issue.

Seller has sold house with land ( Residential house property) in the year 2015. Details are as follows,

Sale Consideration - Rs. 4,00,000/- ( this is the sole consideration received - Rs. 3lakhs from bank & Rs. 1lakh cash)

Actual Stamp Duty value for the same is Rs. 3,50,000/-

But due to some wrong legal consultation, the consultant has made the seller pay stamp duty on some so called ' Fair market value' which is very high as compared to sale consideration. Fair market value taken is Rs. 12,00,000.

Hence, Stamp Duty is paid on Rs. 12,00,000 and not on 4,00,000/-.

So, seller has received a notice from Income tax to discharge Long term capital gains on Rs. 12,00,000/- apparently from the blunder in the sale deed.

So, what best can be advised to the seller to avoid paying difference of ltcg@20% on Rs. 8,00,000/-. (i.e, 12-4).

As per my understanding for the financial year 2015-16,

Sec. 50C says,

1. Adopt stamp duty valuation that is minimum stamp duty value as per sub registrar - in case stamp duty is more than sale consideration.

2. Adopt stamp duty or actual consideration (whichever is higher)

3. But in the above case, since so called fair market value was taken as the base and since stamp duty is discharged on the same,

does the seller need to pay ltcg on Rs. 12lakhs now ?

Please advise me on this....

if turnover above 1 crore net profit (with %) how much Must be

Can the experts kindly tell me the exemption limit for restaurants under GST for the year 2019-20?

Hi,

Body Corporate meaning ?
Pvt Ltd Company is a body corporate?

My on client have 90000/- ITC in CGST head, all sales of client is local, but purchases is Interstate 70% & local 70% unable to use ITC under CGST head can claim refund or move the ITC into another head