MY CLIENT HAVE PETROL PUMP HAVING TURNOVER IN F.Y 2017-18 RS.15.00 CRORE OUT OF WHICH ONLY TURNOVER OF GST WAS RS.17.00 LACS ONLY WHETHER WE ARE LIABLE FOR GSTR 9C(GST AUDIT) OR NOT?

Respected Sir

Supplier has yet not filed the return related to feb 2019. We have reverse the ITC in Current months return. Now please suggest how to adjust the same in books.

Goods were sold and transported with a e way bill on saturday. Goods to be send from Delhi to Ghaziabad. Transporter returns saturday evening as the route was not clear. Now what to do whether to cancel the E way bill and sale bill both?

Hello Experts,

My company is a manufacturing company where we manufacture electric vehicle by importing materials from China/Japan. In the month of march there was a fire in one of our factory in gujrat which is shown as additional place of business by us. We paid IGST on such Goods and also the goods were Not insured. Now, the question I want to ask is what would be the treatment of GST paid on such goods?? what would be the accounting of the same? What would be other tax implications??

Respected sir,
We are engage in business of petrol pump. our turnover will be greater then 2 cr due to supply of petroleum products which are non gst supply under gst, whether we are liable for gstr 9c?
You are requested to provide section reference if possible.

Wrong ITC taken In F.Y 2017-18 Form 3B which was not reversed in F.Y 2017-18 & F.Y 2018-19, Now in Annual Return how we represent it in Which Table and how we pay the tax amount.

By mistake I have wrongly entered the purchase value of Rs.125000/- in eligible ITC coloumn..
How to reverse it.?

Hi,

I am entering into a joint venture with a builder to construct and sell apartments. I am the landowner. The builder will bear the expense of all relevant approvals, construction, inspection and I will get a share of the revenue from sale of apartments.
What will be my tax liability for this project:
1. Will there be any GST liability? If yes when will it be due.
2. What will be the income tax liability for me and when will it be due? I have owned the land for 10 years.

Thanks,
Anurag

What is the basis exemption limit for chartered accountants under GST, under composition shceme? what is the tax rate for under composition for CAs? Can the CAs take credit or the input tax?

Will the experts enlighten me on this.

Respected experts,

Can we Show late fees & Plenty in Profit & Loss account.

or any other method Please suggest ?