A company (100% export unit) X is holding land ( NA) which is excess and intent to sale or lease to subsidiary company.
Subsidiary company also 100% export unit .
Question is whether excess land sale or lease ?
Implication:
(1) Lesser: lease charges earned will be text in income tex which is higher than lessee
(2) . On lease charges GST will applicable ? If yes lessee can get set off or refund ?
(3) Incase of sale :
3.1 Capital gain earned to lesser company income tax will exempt or tax payable ( land purchase 2021)
3.2 Appx stamp duty and registration charges of sale deed is Rs…….. appx
3.2 Lease period is 9 years.
3.3 Lessee company is going to construct building on that land.
4: Any other direct / indirect expenses

We have purchased one ups With Batteries and
Ups GST rate @ 18%
Batteries rate @28%
Can we avail the ITC on the above
Request for advise

During FY 17-18, we paid Excess outward Tax liability and we are not able to adjust in subsequent returns taken as ITC in 3B of Sep 2018. we have all the support and we have on the opinion that there was no loss to the revenue, except the procedural laps

Can anyone suggest how to overcome this situation..

Dear Si

I am uploading CSV file B2B to file GSTR-1 its processed with error 19 B2B invoice where 17 invoice successfully upload and 2 show with error after Checking found that 2 invoice , GST Number is active so please suggest what to do in case.

Hello Everyone,

I want to know that the GST officer can invoke the power of attachment of bank account under section 83 on the cause of GST returns pending only 2 months (i.e. December.22 & January.23) without notice or intimation?

kindly guide me

We are a service provider (consultancy firm), and we used an agency to employ a security guard for our workplace. Recently, the agency sent out an RCM invoice.

My question is: may we input or claim this RCM? Please confirm.

A registered person runs his resturant business with the help of Swiggy.The invoice is generated in the name of that registered person. Now, the question is how to file GSTR1 and GSTR3B with the invoices generated?

A party issued a e invoice with Reverse Charge but reverse charge not applicable on that Item what i do in GSTR-3B Because bill Showing in the GSTR-3B Table3.1 (d) Inward supplies (liable to reverse charge) and in GATR-3B Table-4 (3) Inward supplies liable to reverse charge (other than 1 & 2 above) What is the Solution of this Problem

Suppose Mr. Ram doing money transfer business. A person comes to Mr. Ram and requested to Mr. Ram to transfer Rs. 100000 to his son's account. Mr. Ram charge 1% as commission for this service. Hence person gives to Mr. Ram total of Rs. 101000 and Mr. Ram transfer to his son's account amounting to Rs. 100000. Now my question is that what is treatment of above transaction and money transfer business in GST and ITR. Weather Rs. 101000 consider as gross receipt and Rs 100000 as expenditure and Rs. 1000 as commission income in ITR or directly show Rs. 1000 as commission income in ITR. And for the same what treatment in GST, weather 101000 is taxable turnover or Rs. 1000 is taxable turnover i.e. commission income in GST. Please clarify the treatment of above transaction in GST and ITR.

Is E-Invoice applicable if my sale is fully exempt or nil rated?