Dear Experts,

A registered jeweler purchase old gold ornaments worth Rs. 50,000/- from his customer (Unregistered) and in exchange of that sale new gold ornaments worth Rs. 1,00,000/- to the same customer. Then on which value GST shall be collected on Rs. 50,000/- or on Rs. 1,00,000/- for this transaction.

Jeweler will receive only Rs. 50,000/- in cash/bank and the rest Rs. 50,000/- in form of old gold.

Thanking You
Nirmal Dave

Sir,
one of my client in business of advertising (usa and uk client)and paid courses online in india and gets revenue from foreigners client in dollars now he wish to register under GST. my query:
is he eligible for gst registration? if yes than SAC code
how he will book invoices (foreign clients) and courses in india
please elaborate

Dear Experts,
1 A company is paying the fees to the Statutory auditor for issuing the certificate towards related party transactions entered by the company.
2 Since this transaction is not related to the statutory audit, can the company account this transaction under professional fees? Or it has to be accounted with Audit fees
3 Pls confirm

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Hello

can any one tell me about from what period till what period need to report opening balance of reversed ITC which yet to reclaim and that ITC reclaimable under GST.

which type of income taxable on receipt basis only.

Dear Sir,

Please educate to me business Started FY 2022-23 Turnover Rs.7800000/- NP Rs. 440000/- Agriculture income Rs.151000/- Registered in GST proper books of account mainted in tally software. we do,not want to avail the benefit of section 44AD presumptive income So can i go for Normal ITR-3 with file Balance sheet & Profit & Loss account or any complication face from IT department.
Thank you