While In Under-construction purchase of property multiple installments are being paid. My Questions are
1. Where Multiple Purchasers are making payment (Say Agreement Value is 99 Lacs)
a. What will be Value of Property i.e. Complete Value i.e. 99 Lacs or as per Share of Ownership i.e.
33 Lacs.
b. In Subsequent Installments payments what will be mentioned in Previous Installments paid (Say total installment paid Rs. 33 Lacs coming to 11 Lacs Each owner)
i. The share of Installment paid by respective owner: or
ii. The total of Installments paid by all purchasers together

Sir, the liability was reported in wrong head in GSTR 3B (reported in IGST instead of CGST and SGST) and correct head in GSTR 1. Overall tax liability is matched and there is no payment due from my side.

Assessing officer is contending that to pay the SGST portion of IGST amount and take refund from the IGST amount (SGST portion)
Please suggest me the course of action from my side.

Thanking you sir,

Yours faithfully,
B. Rajasagar Varma
Tax Consultant

Can I booked last month invoice bill in April-2024? Incase if i mentioned lastmonth date and posted in current month then what are the issues are happened?

Deferred government grant income book in this year which is not received in this year. grant received in earlier year. but i want to know whether this government grant which is arising from earlier year can be considered for calculating profit under section 198.

Hello,
Please can someone clarify or guide me with regards to PE in India. What are the criteria's that should be met for establishing a PE in India by a Foreign Establishment. Are there any limits on travel by the personnel from Foreign Establishment.

Thank you in advance.
Regards

As per Section 63 of the Indian Partnership Act, 1932, a notice needs to be sent to the registrar of Firms if there's a change in the "constitution of the firm." My question is:

Do adjustments of terms among existing partners in a registered firm, through a supplementary or amendment deed (including profit-sharing ratio changes), qualify as a "change in constitution" requiring a notice to the Registrar of Firms, considering there's no admission of new partners or retirement of existing ones?

Hi Everyone,
Can anyone help me to solve my problem that how to report my Courier Shipping Bill Number (CSB-5) in GSTR-1 as Shipping Number, Port Code are mandatory information for GST ITC Refund, CSV-5 is 15 digits long, but they are allowed only 6 digit number

I have two trust. Can I give loan to another trust with interest free loan???

What will be it's tax treatment in both the trust

Kindly reply

If an assessee has paid for mediclaim premium of his father, however the father is the policyholder, insured and proposer of the policy, can the assessee take deduction for the same on the basis of mere payment of father's mediclaim premium or will the father here be eligible to take deduction.

Sir,
A registered composite scheme dealer inter-state state sales transaction f.y.19-20,20-21 years violation of sec 10(2)(c) as per sec 73,74 notice issued by gst officer
Question:
Violation of sec 10(2)(c) as per sec 73,74 provision applicable in gst act.