Hi... My query is regarding real estate business. We had called 20% of total revenue as per agreement, but as per ICDS our percentage of completion is 40%. Now my query is we have already paid GST on 20%, but because of ICDS we are recognizing 40% revenue. So we have to book liability on 40%?
Dear Sir,
Our Company Phare Financial Pvt. Ltd.(NBFC) having total turnover of Rs. 135 lacs for the FY 2016-17 & 148 lacs for the FY 2017-18 needs to get its books audited u/s 44AB of the Act as turnover has exceeded Rs. 1 crore. The all income as Divided income from Mutual Fund & Listed Company which is exempt u/s 10.
The company assessee can't avail benefit u/s 44AD of the Act.
In above case the Tax Audits under section 44AB is applicable or not.
Please provide your reply in above matters .
NK
Assume, I am cement trader, and I used to transport my goods through my own tractors & Pickup-van. Is there will charge GST on RCM under GST. However I am not paying freight to any GTA. If yes, please describe, why i have to pay GST under RCM
Dear Experts,
Our company is into generation of Solar Energy and we are supplying entire production to Gujarat State Government.
In case of solar energy it is out of purview of GST, hence we are not charging GST in the sale invoice.
But we have huge Input Tax credit around 20 lakhs per month.
Presently we are losing the revenue because of we unable to take refund.
Please guide me how to claim the refund in above case, and please guide the procedure for getting refund
IF PLANT & MACHINERY ARE PURCHASES FOR MANUFACUTINRG OF CATTLE FEEDS (GST EXEMPT GOODS) WHETHER WE CAN TAKE INPUT CREDIT ON PLANT & MACHINERY OR WE HAVE TO REVERSE THE INPUT TAX CREDIT IN GSTR-3B AND UNDER WHICH COLUNM WE HAVE TO REVERSE THE INPUT CREDIT IN GSTR-3B.PLS REPLY
Dear Sir / Madam.,
Our Firm is Regular dealer under GST and Opt monthly returns. We are monthly filed our GSTR 3B & GSTR 1 returns correctly and Before the Due date...
My doubt is about GSTR 2 and GSTR 2A...
*GSTR 2 is not in current periods. So, We can't / Don't want file GSTR2... But., Also we not file or no need take any action in GSTR 2A...
What can I do in this GSTR 2A...?
Is it required filing...?
Note :
We are not take any steps for in the GSTR 2A... Then what we do in GSTR 2A and Is it mandatory...?
Please suggest me...
Dear Experts,
While adducting TDS on NBFC u/s 194A for interest. Whether TDS also to be deduct on file charges and processing fees if yes under which section.
Thanks
ASAP
IF I HAVE MISSED A BILL IN GSTR 1, CAN I UPLOAD THE SAME IN NEXT MONTH'S GSTR 1.
Our is CHS having 650 flats
Per month maintenance is Rs 5500 which is below thershhold limit of GST Rs 7500
But annual turnover is around around 4.20 Cr. .
So are we suppose to get GST registration on turnover basis even though monthly charges are below Rs 7500 limit?
Please revert and thanks in advance for your help
We paid amount of Rs.1,00,000 on account of hiring function hall for 3 days on the occasion of my sister's marriage. Whether I have to deduct TDS under section 194IB or not.
Please clarify this issue.
Thanking you,
Suneel.
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Gst on revenue recognition due to icds