Query :

Location of supplier : Hyderabad (Telangana state)
Location of recipient : Hyderabad (Telangana state)
Service : Renting of immovable property(997212)
immovable property location: Bangalore (karnataka)
place of supply as per rules : Bangalore
Here location of supplier and place of supply is in a different state, hence it is inter state supply

Finally i have to charge IGST to my customer who is in Hyderabad.


is my assumption based on above facts are correct?


If NO, plz clarify with proper explanation.


Thanks in advance

Dear Friends,

I am handling one company incorporation after submitting the documents it has been sent for resubmission to rectify some details. After rectifying the defects, I try to resubmit the documents but it says " Details of Directors entered in SPICe Agile form does not maches details as entered in SPICe form.Kindly enter the correct details"  I have gone through the entire form but no mismatch is found. I need your suggessions/help to resolve this issue.

Thanks.

I own a property in the joint name of my mother and me. This was purchased in 2020. This property was purchased using proceeds including capital gains from selling 2 flats, we were joint owners in one flat and my parents were joint owners in the second. This reinvestment ensured that we didnt have to incur LTCG on sale of our earlier properties. In addition to this, we also used a home loan and some own funds to complete the purchase.

My mother wishes to relinquish ownership of the new flat and transfer her complete share in my name. I in turn also wish to add my spouses name to the property. Both of these can be done by executing gift deeds on the property, however, considering we had invested in this property to avoid tax on capital gains, is there a possibility of any tax implication if we proceed with the gift deed?

We imported used machines and due to quality issue all machines were not in operational condition. payment could not do 3 years. after mutual understanding come on a conclusion that we are not paying the import dues. For settling the same the supplier has given us a confirmation on mail with credit notes, to write off the dues. Please advice what is the procedure for write off the import dues from the RBI and what is rule of RBI if not pay dues amount ?

If a person is director in more than one company then all the companies need to pay directors PT of rs 2500/- p.a or any one company paying PT for director is enough

ACCESSE HAVE A ISSUE GST NUMBER TILL NOVEMBER 2020 BUT NOVEMBER TO MARCH GST TURN OVER IS ZER. IN SEOT BALANCE SHEET WE HAVE MENTION JOB WORK INCOME APR TO OCT MONTH WITHOUT GST 

supplier charged interest for delayed payment as below
Supplier sent a DEBITNOTE
DEBITNOTE DETAILS
interest payable 4368.23
cgst on interest @14% 611.55
sgst on interest @14% 611.55
cess 218.41

total payable by the dealer to supplier is 5809.74
please tell how to account for and creation of which type of voucher in tally software

Hello experts,

I took a flight for business purpose in April. Airline invoice shows Rs.4300+5% (SGST/CGST). My April GSTR2B shows this entry under eligible ITC. I however remember someone telling me that 5% GST cannot be claimed as ITC. How true is this? Under what circumstances can I claim 5% GST as eligible ITC?

Thank you in advance.

Raj

1) When a 'Sales and Purchase' Transactions taking place and "Cr.Notes & a Debit Notes" are involved on both the aspects:- Where does this 'Both get's Impacted as Well as Appears' in our "Books of Accounts" like whether:- 'in Trial Balance (or) P & L A/c (or) Balance Sheet.........'?? What is the 'Entry' in the books of accounts ??

2) Secondly:- What will be the 'Effect and the Treatment in GST' Scenario ?? What should actually been done ??

Can "Anyone Please explain, respond on this Query as Early as Possible."

Be Safe and Take Care of You and Your Family.

Thanks and Regards

Sir ,
I am retired employee having interest income of 4 to 5 lakhs. I have recd shares of 20 to 25 L from ancestral property in HUF demat account ( self and wife )
Every year i am selling shares from HUF worth Rs. 2 to 2. 5 lakhs which is below taxable limit.
The sales proceeds i am transfeering to our indivudal joint account for our recurring expenses.
Is i am doing right ?
Is this attract any tax implication.
Is any precaution is required from tax point of view ?
It is necessary to file HUF return ?
Please guide.