Dear Experts,
We are transferring a laptop having zero book value to an associate company for a consideration of 5,000. As per Sec 18(6) & Rule 44(6), GST payable is 1,503 as follows by higher of GST on sale (900) or ITC pertaining to remaining life (1503). Hence we need to pay 1503 on this sale.
However, I have below doubts.

1. Will it require E-invoice for this sale, We are already issuing E-invoices for other transactions.
2. While raising an invoice for this sale, Which amount of GST has to report in Invoice 900 (18% on 5,000) or 1503?
3. Whether the recipient is eligible for claim ITC? I think yes but which amount 900 or 1503?

Please clarifies the above doubts.

Hi,

I have made a car express along with gst for business but car is not used for transportation it's used for personal used to proprietor or partners what is the accounting treatment and gst is eligible?

Dear Sir

A person have Sales under GST taxable & exempted so while filling GSTR-1 can he need to show both sales means need to show exempted sales or note. exempted sales more then taxable sales
Please suggest

My Client has executed a development agreement on 15.10.2021.Total Project Consist of 15 residential units. Out of the same 9 units are given to Developer and 6 Units are given to Landlord. All units are identical in all aspects. Developer has sold 7 units and Landlord has sold 2 units. Total 9 units have been sold before completion and 6 Units remained unsold. Total cost of construction as incurred by the developer is 1,50,00,000/- (1.5 Crore). Per flat construction cost is 10 Lakhs.

Selling price of the 1st Agreement nearest to JDA is 20 Lakhs

Unit 1 and 2 Sold for 20 Lakhs, Unit 3,4,5,6,7,8,9 sold for 25 Lakhs (Unit No 7 and 8 are of Landlord)

Selling Price of 9th Unit nearest to completion Date is 25 Lakhs

Please give me GST Payable amount under RCM on unbooked Flats ?

Please give me GST Payable amount on construction service provided to Landowner

GST Payable by developer on his sales ?

Manpower service received by the Ministry of Health located in Tamilnadu, from two persons located one in Tamilnadu and another one in Maharashtra. End of Month each persons raised a service invoice value of Rs.60000 each for the supply. Is this transaction is liable for TDS under GST?

Please guide the procedure to change additional place of business address to principal place of business..pls help

A COMPOSITION DEALER SALES FOLLOWINGS -
1.SAMOSAS , KACHORIES MANUFACTURED BY HIM IN PARCELS TAKE AWAY COUNTER 2.SAMOSAS , KACHORIES MANUFACTURED BY HIM TO CUSTOMERS AT HIS PLACE FOR EATING 3.RESALE OF CHIPS AND OTHER FOOD STUFFS PLEASE GUIDE ON GST COMPOSITION RATE SPECIFICALLY ON ABOVE THREE DIFFERENT BUSINESS ACTIVITIES

Einvoice site not working from 12PM onwards

we r exporter of goods and we file itc refund without payment of tax , my question is while gst refund application at Computation of Refund to be claimed (Statement 3A) (in INR) section there is two section : Turnover of zero rated , supply of goods and services(1) and Adjusted total turnover (2)
my question is we should mention fob value or cif value at at section 1 & section 2

is interest received on bonds always tax free.