Respected Experts,
We have purchased 2 Lorry, 1 before GST regime and 2nd after GST regime.

In case 1, we have taken ITC of Excise Duty & VAT.
In case 2, we have taken ITC of GST.

Should we calculate Taxable value by considering Notf. No. 8/2018 dtd. 25-01-2018 or we have
to calculate Taxable value after deducted per quarter exemption i.e. 2.5% per quarter.

Kindly suggest.

Rakesh Sharma

I had bought a flat in June 2019 at 33.5 Lakhs. The registration was done at circle rate as unfurnished property @18.75 lakhs and the remaining 14.75 lakhs was to be included in fittings and fixtures seperately. The builder has not provided me with any document for the remaining 14.75 lakhs. Now if I sell the flat at 40 lakhs what would be the capital gains and tax payable.

sir,
A gst registered composite dealer sales turnover declare Rs:15 lacs and tax paid Rs:15,000/- show in cmp-08 filed in f.y.19-20 .if a dealer mistake cmp-08 declare sales turnover not reported table 6 gstr4 annual return in f.y.19-20 .dealer recently gstr4 f.y.20-21 opened table 8 negative liablity rs .cgst 7500/- and sgst 7500/- show annual return in f.y.20-21.
Question:
Dealer mistake cmp-08 sales turnover not reported table 6 gstr4 f.y.19-20 show in next (two years f.y.19-20 and f.y.20-21) gstr4 20-21 table 6 adjustment allowed in gst act.

A trust registered u/s 12AA as well as s. 10(23C) is running an educational institution for higher education. It has filed ITR 7 claiming exemption u/s 10(23C)(vi). In assessment proceedings u/s 143(3) the AO proposed disallowance u/s 13(1)(c) out of payments made to persons specified u/s 13(3) and also disallowance out of interest paid on borrowed funds for the reason that the assessee trust made advances to other educational institution free of interest. Kindly guide.

Respected Sirs,

Please guide me and oblige.

MINIMUM QUANTITY 300 TON PRODUCTIONS PER MONTH
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As per the contract production of 300 Tons should be effected. The contractor produced 200 Tons only but the contractor will have to pay the cost of 100 Ton production. What will be the term for 100 ton production as follows?

Contract balance 100 ton
Balance contract 100 ton
Skipped Quantity 100 ton
Balance Quantity 100 ton
Unfrozen Quantity 100 ton
Unused balance 100 ton
As under what head of accounts the 100 ton quantity shall be reflected in profit & loss account. Actually it is one kind of loss allowable in Profit & Loss Account.

Dear sir

Please note that one of my client got a teaching job outside india in FY 20-21 , but due to covid she had to go for online coaching from India and hence residential status is that of resident, will she be liable for tax on salary income credited to NRE


Jayam P V

I want to file my nil GSTR-3B on today (04-05-21) for the month of Sep-20 which due date was 24-10-20 after 191 days late. The late fees is Rs.20 per day which is total in Rs.3,820 (Rs.20*191) but on GST portal it is calculate Rs.4,260 (for 213 days).

Please help me for this excess penalty issue.
Is it correct calculate by GST portal? How?

Hi we bought facebook ads, but forgot to mention gst number. Now we are unable to get any input tax credit.

Will facebook modify my bill ?

GST on import of goods under reverse charge under IGST Act. Supplier is unregistered and importer is registered. Whether liability to issue invoice is of the importer (self-invoicing) under IGST Act as per Section 20 r.w.s Section 5(3) similar to Section 31(3)(f) r.w.s Section 9(3) of the CGST Act. And thus who is responsible to furnish the correct HSN code?

Hello guys, I have a question as to which country https://gamestoremobi.com/kinemaster-pro.html is from, I tried searching on Google but to no avail.