Where an assessee uses a property for residence cum office purposes, should the annual value of property used in business be added to PGBP?

The ICAI material mentions that annual value of the following properties is added to PGBP:
1) Portions of property occupied by assessee for business or profession carried on by him.

Is the annual value of this property ( calculated in the same way as let out) called as notional rent? Is it to be added to PGBP? Considering the fact that we have not actually received anything, how can we add annual value ? Also, as per Sec 22 only profits from using the property is added to PGBP.

This particular line from the material is confusing me . Kindly help me interpret the meaning of this.

Thank you.

A company incorporated as on 23-03-2021 and didn't commenced it's business within time limit of 180 days now at present companies status is as strikeoff but but know directors want to make is a active company,
It is possible to do so if yes then what are the possible

In paying 26qb what shld be my "stamp duty value of the property" in lumsup method of filing.

bazar mulya 5cr
agreement value 5.25cr on which 5% percent stamp duty paid while registration.

plz guide 🙏

Hi,

can we pay the half wages to labour at the time of payroll period and pay the rest amount at the time of bonus payment. ??
and it's mention in which section or gov. notification ??

I have gst liablity in month of september but i have itc in the month of october . How can i adjust my liability and what will be consequences

Dear Sir / Madam,

Kindly advise on depreciation rate on Soun box machine connected with QR code.

Can we treated it as Computer and apply 40% Rate?

sir,
A RTP(regular dealer) notice from gst department detailes mentioned below.
As per Section 17(5) read with Rule 42 & 43 of GST Rules, 2017 the following ITC reversals to be
made mandatorily.
S.No. Description of items 2022-23 2023-24
1 Exempted turnover 17607482.79 40757611.29
2 Total turnover 17607482.79 40757611.29
IGST to be reversed 77283
2465
The ITC which is not eligible for reclaim in future periods) shall mandatorily needs to be reversed in
table 4 (B)(1) of GSTR 3B return and the taxpayer is hereby requested to verify the above transactions once
again and reverse the ITC as per the provisions of the CGST/SGST Act as under:
Relevant Statutory Provisions of the GST Act and Rules, 2017:
1. Section 17(5): Blocked credits
2. Rule 38: Claim of credit by a banking company or a financial institution
3. Rule 42: Manner of determination of input tax credit in respect of inputs or input services and
reversal thereof
4. Rule 43: Manner of determination of input tax credit in respect of capital goods and reversal
thereof in certain cases.
Doubt:
Dealer notice received after procedure.

There was an Risky profile Alert. Our local IGST team inspected our Accounts and submitted their audit report. Also given recommendation go DGARM, Delhi for removing Risky alert two years back by direct mail. However, we are not getting Drawback amount for our exports which are pending from 2020-21 onwards.

Kindy guide us how to resolve ? can we make our grievance mail through Icegate?. We have sent a letter to Customs- drawback section for direction . But , no reply.

DEAR TEAM,
PLEASE PROVIDE PROJECT REPORT FOR HOTEL CONSTRUCTION IN EXCEL FORMAT.PLEASE.

We entered with an agreement for 2 years for Furniture on RENT which the ownership shall be transferred to the LESSEE either after expiry of 2 years or upon pre-closure of the RENT AGREEMENT with mutually agreed terms.

Now , how to do the GST billing for transfer of the furniture ( by sale).

Example: Basic product cost of the Furniture on rent is Rs. 6,00,000. The principal value of the furniture per month is ( 600000/24 months) = 25,000.
The intrest agreed is 18% per year and total intrest for 2 year is ( 600000x 18% = 108000) Rs.2,16,000 and per month is ( 216000/24months )= rS. 9000 per month.
So total Rent per month is Rs. 25000 ( value of furniture) + 9000 ( intrest component) = Rs. 34,000 per month.

The LESSEE paid RENT for 4 months ( total Rs. 34000 x 4 = 136000). Now the LESSEE wanted to buy the furniture on its cost price.

Total cost price of the furniture Rs. 6,00,000
Less : Principal amount paid for 4 months + 25000 x 4 = 100000
Sale value of the Furniture is Rs. 600000-100000= 500000/=

My query is :


is Eway bill applicable for sale of the furniture ? ( the furniture on RENT was transfered through Eway bill with Delivery Note) and what will be the HSN /SAC code for this transaction.