Q1. Who is liable to pay GST?
(a) Unregister GST Person (b) End user of product or service

can exemption under capital gain be claimed for sections simltaneously.like
if a person sale s hose property and capital gain is 70 lakhs and he invested 40 lakhs in another property but still 30 lakhs cap. gain balance. can he invested balance amount in 54EC or any other section of 54 series.

I purchased an under construction flat in 2011 and another one in 2015 in the same project near Mumbai. At that time the prevalent norms were VAt and Service Tax on under construction flat. The Project got delayed and the Developer completed this project in 2018. My queries are :
1. There are some balance payment pending on the Agreement value to be made to the Developer for which demand was raised in 2018 by the developer, the Developer is demanding GST on the amount payable to him, am i liable to pay GST if the entire service tax and VAT was paid on the agreement value. Even if the service tax and VAt is not paid in full, is he right in demanding gst SINCE THE AGREEMENT PRE DATES THE APPLICABILITY OF GST. If yes then what is the slab of GST applicable.

2. The agreement also mentioned of development charges and advance maintenance charges for 2 years to be paid separately to the developer this was not part of the agreement value, the Developer is demanding GST on the development charges and advance maintenance charges, is GST applicable on the same? if yes then what is the slab of the same.

Thanks and Regards,
vinod

I purchased an under construction flat in 2011 and another one in 2015 in the same project near Mumbai. At that time the prevalent norms were VAt and Service Tax on under construction flat. The Project got delayed and the Developer completed this project in 2018.
My queries are as below:
1. There are some balance payment pending on the Agreement value to be made to the Developer for which demand was raised in 2018 by the developer, the Developer is demanding GST on the amount payable to him, am i liable to pay GST if the entire service tax and VAT was paid on the agreement value. If yes then what is the slab of GST applicable.

2. The agreement also mentioned of development charges and advance maintenance charges for 2 years to be paid separately to the developer this was not part of the agreement value, the Developer is demanding GST on the development charges and advance maintenance charges, is GST applicable on the same? if yes then what is the slab of the same.

Thanks and Regards,
vinod

Can TDS be deducted under sec 194J for service provided by an individual to a commercial concern in respect of editing or writing articles for a house journal or for content writing for a web site? It is a professional service in common sense,as it requires certain expertise and skill, but is not covered under services defined under section 44AA . It is also not a technical service under sec 44AA.
Is TDS applicable to such service at all? Or is sec 194C applicable in this respect?
Kindly advise.

I have sold a property for a consideration value of 35 lacs which is lower then the Circle value price of 44.07 lacs.

but now when i calculate my LTCG it comes to 37.28 lacs (on calculating from the circle value and after taking indexation benefit).

as i am ready to deposit the entire amount of capital gain made into 54EC bonds, do i have to only deposit the actual consideration received or i have to add 2.28 lacs from my pocket and then deposit into 54Ec bonds?

please advice

Dear Experts,

I have entered all the opening balances to the current year but still, I'm getting the difference in my balance sheet. After verifying the trial balance, I came to know that opening stock is differing in that. What to do with that now?

Which return form is to be submitted (i.e, ITR 5 or ITR 7) in case of negative balance arrived by the Charitable Trust/ Charitable Society/ Educational Institution. Actually we filed ITR 7 for the Educational Institution and didn't the claim exemption u/s 10(23 iiiad) because of negative balance. But CPC defected the return since the Educational Institution has not claimed the exemption. In that case, how to deal with the situation?

Hi,

When is the buy back of shares considered as completed/ concluded?
To be more specific, what step, when performed, concludes the buyback of shares?
Eg: is it when the consideration is received, is it when the share certificates are destroyed, is it when the share certificates are received back by the company from the shareholder or any other scenario which can conclusively state that buyback is completed.

sir,
There is a difference in my closing bank balance according to the bank and my opening of bank balance in accounts.how could i pass an entry to tally with my bank balance so that my balance sheet shows no differences.