Taxpayer has business of printing. They used this SAC code when paper is supply by the recipient and the recipient is registered under GST. Taxpayer observation is that since recipient is registered and input (paper) and content supplied by the recipient it constitute a job work and hence charged GST @ 5% with SAC code 9988 [ we are talking about only BOOK printing ]. Accordingly when paper is supplied by the recipient but the recipient is not registered under GST we charged 18% under SAC code 18%. But recently we got an order for book printing from an unregistered recipient who told us whether the recipient is registered or not not registered GST on book printing is 5%. Please suggest us in this matter

RES SIR,

WE PAID GST 1 % ON TOTAL RECEIPT FROM CUSTOMER AS PER AFFODABLE HOUSING SCHEME .

MY QUESTION IS THE DEVLOPER ALSO CONSTUCTION SHOP WITH FLATS THEN WHAT IS THE GST RATE ON SHOPS I PAID 1% GST ON ADVANCE RECEIVED FROM CUSTOMER IS IT RIGHT?

1. Is an Eway Bill required for a bike sale over ₹50,000 if the customer drives the bike away directly (B2C sale)?

2. For B2B sales over ₹50,000, do we need to generate an Eway Bill if the bike is driven by the buyer and not transported by another vehicle?

3. How should we handle the vehicle and transporter ID fields in the Eway Bill when the bike is driven away on its own wheels?

4. Are there any exemptions under GST for generating an Eway Bill when the bike is self-transported by the buyer?

5. Do we need to generate an Eway Bill for intra-city sales where the buyer drives the bike away and the invoice is over ₹50,000?

6. What are the risks of not generating an Eway Bill if the bike is driven away by the customer without using a separate vehicle?

Under construction property sold for 6400000 received money in 3 instalments of 2400000 lakhs, 2000000 lakhs and 2000000 lakhs before the sale deed is registered. All advances are shown in GST and GST was paid. The Property was registered on 17-08-2024 but the sales entry and adjustment with advance is not done after registry. Is there any interest or penalty payable for the same. Sale Date : 17-08-2023. Amendment for rectification will be done in August 2024.

I have a courier business and I have made an agreement with a Canadian company that will deliver my courier door to door in canada and I want to know whether there will be a reverse cahrge applicable on the import service or not

Under construction property sold for 6400000 received money in 3 installments of 2400000 lakhs, 2000000 lakhs and 2000000 lakhs before the sale deed is registered. All advances are shown in GST and GST is paid but the sales entry and adjustment with advance is not done. Is there ant interest or penalty payable for the same. Sale Date : 17-08-2023. Amendment for rectification will be done in August 2024.

Invoice issued and payment received for supply of goods. But goods not removed due to non availability of vehicle. Hence e way bill not generated and invoice not cancelled since it is e invoice. After 15 days , now the company wants to move the goods. Is it safer to transport the goods along with the old bill by taking fresh e way bill? Thanks in advance.

sir,
we are conducted job recruitment in Cochin , Kerala . we have GST registered in Kerala . In the hotel bill cgst and sgst is shown and same is reflected in GST2B.
can we claim this amount .
Please advise
With regards
Binu

GST Liability:

Stock-in-Trade Transfer:

(A) "Given that our business closed in 2022 and a major portion of the stock-in-trade was acquired before the GST implementation period, what are the GST implications for transferring this stock to a partner?
(B) How should GST be treated for stock-in-trade purchased before the GST regime was introduced?"

Fixed Assets Transfer:
(A) "For fixed assets transferred to a partner during the business closure in 2022, how should GST be applied?
(B) Are there specific considerations for assets acquired before the GST period?"

Income Tax Liability:
Stock-in-Trade Transfer:

(A) "What are the income tax implications for transferring stock-in-trade to a partner when the business closed (B) How should the fair market value be reported, and how is the potential tax liability determined?"

Fixed Assets Transfer:

"What are the income tax liabilities related to the transfer of fixed assets to a partner during the business closure? How should the transfer value be handled for assets acquired before the GST period, and what impact does this have on tax calculations?"

Final Compliance and Reporting:

Final GST Compliance:

"What final steps should be taken to ensure compliance with GST regulations when closing a business and transferring assets, particularly with stock-in-trade and fixed assets acquired before the GST implementation? Are there specific reporting requirements or adjustments needed?"

Final Income Tax Compliance:
(A) "What are the final compliance requirements for income tax when closing a business, including the transfer of assets?
(B) Are there any additional filings or adjustments needed beyond the NIL income tax return already filed?"

Surrendering PAN Card:

"What is the process for surrendering a PAN card after closing a business? I have already filed the GST surrender application. Could you guide me on how to formally surrender the PAN card? Are there specific forms or procedures to follow?"

Documentation and Procedures:
"Are there any specific documents or forms required to surrender a PAN card? What steps should be followed to ensure that the PAN is successfully deactivated and all related obligations are fulfilled?"

Dear Expert,

01.The GST Registered person has received from the service provider ,for which he has paid the GST under RCM.
02.Later on, he has received the credit note for that RCM amount, which was paid by the registered person.
03.Now how the GST components on the credit note for RCM, shall be processed under GST return?