Sir,
My client is registered under GST. He is filled all his GST Return for F.Y. 2017-18 i.e. GSTR 3B and GSTR .
In Sep 2018, at the time of audit he got his missing purchase invoice of DEC and Jan Month.
which ITC not claimed in GSTR 3B of relavant month.

Now what can i do?

GSTR 3B for the month of March 2018 - tax payment was made excess. For GSTR 3B Correction, i am aware, we could rectify in GSTR1 of the subsequent month. The correction was not made in GSTR1 in subsequent months filing. How can the error be rectified.

Sir,

Today I had paid TDS Challan online but by mistake section mentioned 196c instead of 194C

Please how to rectify the section and what is the procedure kindly explain

We have to online or through Bank

Thanking you

Sir/madam,

I forgot to take one bill in gstr 3b of august 2017 but i take this in gst 1 of august 2017.
my question is how to pay the tax of that bill in gst website

do we have to mention HSN or SAC code in GST return? Is it mandatory?

Dear Sir,
Please give me solution regarding the following matter:
Suppose Output GSt liability Rs.10,000 and Input GST Rs.12000, then tax liability is zero.but the client not filed his return on due time.he is liable for late fees but is there any liability for Interest amount?
Regards,
K.K.Chandra
(C.A INTER)

I have a profit of rs 50000.fifty thousand being long term capital gain on equity sale.My total income is less than rs. 200000 two lak. do i need to pay any tax on long term capital gain and file the return of incometax.

CASE STUDY – JOINT DEVELOPMENT AGREEMENT

Land Owner, (KM Pvt Ltd) is an Company who owns certain land in Jaipur. It is interested in the development of the said land however lacks the expertise. AAH (LLP), (“Developer”) is engaged in the business of real estate development and is looking for undertaking an “Affordable Housing Project” in Jaipur.

Both the Parties agrees to enter into a Joint Development Agreement (“Development Agreement”). As per the Development Agreement, the entire cost in relation to the project which inter-alia includes approvals and construction cost, will be borne by the Developer. The sharing ratio has been agreed, let say 05: 95 (5% KM Pvt LTd and 95% Developer). The Developer is contemplating following option as stated below to fulfill its obligation under the Development Agreement –

Option – ‘Revenue Sharing’ Model

5% of the revenue arising from the sale of the flats will go to KM Pvt LTd.

Other conditions are as follows;

1. The governing document is the Development Agreement between Developer and KM Pvt Ltd.

2. Developer will execute the MOFA ‘Agreement to Sell’ for all the flats and KM Pvt Ltd. will be a confirming party to this agreement.

Queries

a) Applicability of GST on the transaction between Developer and KM Pvt Ltd. under the option i.e. Revenue Sharing –

• In the hands of Developer
• In the hand of KM Pvt Ltd.

b) In terms of the Notification No. 04/2018 Central Tax (Rate) dated 25.01.2018 what would be the Time of supply under the Revenue Sharing option-

• In the hands of Developer
• In the hand of KM Pvt Ltd.

Thank you

How much amount we can deposit in a minors account which he has received as gift from our relatives ? Whether it will be added to father's taxable income ?

Dear Sir,

IGST paid on import in Nov-17 is claimed in 3B Nov-17 and again claimed in Dec -17 month
What is the procedure to rectify that .

Regards,