PLOT ACQUIRE BEFORE 2001 AT RS 30,000 AND CONSTRUCTION DONE IN 2012 RS 18,00,000. IN THIS CASE FAIR MARKET VALUE OF PLOT REQUIRE FOR CAPITAL GAIN CALCULATION.

SIR
We are providing transport service and issue sale invoice for our service. The party will deduct tds in our payment. we account it
dr TDS
cr party name

but TDS ledger not closed. What are the entries required for tds ledger to be closed?
guide me pls

SIR
WE WISH TO INFORM YOU THAT, ONE OF OUR CLIENT APPLIED GST REFUND ON INADVERTENT TAX STRUCTURE OF EXCESS AVAILABLE ITC IN ELECTRONIC CREDIT LEDGER FOR THE FY 2017-18 FROM AUGUST 2017 TO DECEMBER 2017 DURING THIS MONTH JUNE 2020. THE ASSESSING OFFICER - STATE REJECTED THE SAME DUE TO INELIGIBLE AND TIME BARRED. THE PORTAL ALLOWED TO FILE THE APPLICATION. AS PER THE COVID PERIOD NOTIFICATIONS THE REFUND DUE DATES EXTENDED TILL 30.06.2020. PLEASE ADVISE CLARIFICATIONS IN THIS REGARD.
S. RAVICHANDRAN

There is unconsumed challan Rs 2500 under interest head related to Q3 and there is a TDS payment of Rs 150 for Q4, so now Rs 2500 is used to set off against tax amount ?

Against my refund application GST-RFD-03 issued by the department. Description of deficiency is " NON furnishing of undertaking in relation to section 16(2)(c) and 42(2) of the WBGST ACT."
But when I filed the GST-RFD-01 there was the undertaking, the department is asking for. The application was submitted with the dsc.
So, please suggest me what to do in this situation.
Thank you.

IN 2013 I PURCHASED A HOUSE WORTH 17 LAKH ON MY NAME IN UTTAR PRADESH. I TOOK LOAN OF AN AMOUNT 11 LAKH FROM BANK AND REMAINING HELPED BY MY FATHER. IT MEANS FULL FUNDS WAS NOT ARRANGED BY ME.

IN JULY 2019 I PURCHASED NEW FLAT WITH FULL LOAN AMOUNT ON MY NAME IN GUJARAT. M I ELIGIBLE TO AVAIL PM SUBSIDY UNDER PRADHAN MANTRI AWAS YOJNA AS THIS IS MY FIRST HOUSE FULLY FINANCED BY ME . THE HOUSE WHICH WAS PURCHASED BY ME IN 2013 WAS FINANCED JOINTLY.

Sir,

we are in a company selling 4 products out which three products are exempted and one is taxable

proportion on an average = 98 % exempted and 2% taxable

We are going to sell an asset ( Specialised Computerised device purchased two years back , No ITC being availed then ) now we are going to sell this equipment , GST needs to be charged on the transaction value . I have following questions o this

1 . Shall we utilise the Credit of proportionate ITC of the same asset when purchased ( on after deducting the 5% per quarter )

2. If not shall we use the ITC of other assets which are currently purchased with out proportionation- ( assets used commonly for all products )

3 . If we are purchasing same kind of machinery/equipment from another company - shall we use the ITC of the same for discharging this without proportionation ?

4. or should we pay this in cash ?

Hello All,
I have filed all the TDS and TCS Credit Return under GST of on of my clients till March 2020.
However the same amount of TDS/TCS Credit is not added to their Cash Ledger in GST.
Why so?? What shall I do as next step?? Please Guide..

MY CLIENT IS AN ENGINEER BY PROFESSION AND HIS TOTAL TURN OVER IS LESS THAN 1.50 CRORE IN THE FINANCIAL YEAR 2019-20 UP TO MARCH 2020.
MY CLIENT HAS GST LIABILITY FOR THE OUTWARD SUPPLIES DONE IN THE MONTH OF MARCH 2020.
THE CLIENT HAS GOT ELIGIBLE ITC FOR THE INWARD SUPPLIES IN THE MONTH OF APRIL AND MAY 2020. CAN HE CLAIM THE ITC OF THE APRIL AND MAY 2020 FOR THE GST LIABILITY OF MARCH 2020. HE SAYS THAT SINCE NOW GSTR3B CAN BE FILED TILL 30 JUNE 2020 AND HE THE AMOUNT OF ITC IN THE MONTH OF APRIL AND MAY 2020, HE CAN VERY WELL ADJUST THE SAME IN GSTR 3B TO BE FILED FOR THE MONTH OF MARCH 2020. PLEASE ADVISE
CA HS RAMGOPAL

Hello Experts,

We are a Manufacture of Electric Vehicle. For getting approval of the vehicles for manufacturing we are required to get the model approved from various organizations like ARAI, ICAT, etc. Only after the approval of such organizations, we can start manufacturing the vehicles. My question is whether such fees paid can we capitalized or are these required to be shown as expenses. Also, we have paid land booking amount for the land allotted by Rajasthan govt. Whether such land booking amount is capitalized or not???