One of my client is carrying on Hostel business, Rent per room per day is less than Rs.1000/-.So AS per the Exemption list of GST, this particular business is exempted. But the turnover is Rs. 60,00,000/- PEr Annum. Whether the client has to register for GST or not? But while filing Income tax return, it is asking if turnover is above 20 lakhs then GST is necessary otherwise you may get notification.

Provision from GST Act
"Exemptions from GST relating to Renting of Immovable Property
Services by way of renting of residential dwelling for use as residence.
Services by way of a Hotel, inn, guest house, club or campsite by whatever name called for residential or loding purposes, having declared tariff of a unit of accommodation below Rs 1000/- per day or equivalent."

Dear All,

As per Form 16 issued by employer to me there is difference of Rs.9532.00 in TDS with Form 26AS. Kindly advice should I claim TDS as per Form 16 or Form 26AS.

Regards

Shoeb

Hello,
In year 2017-2018, I worked for a company for around 45 days (June-July) but left without taking any salary (they delay salaries). I did not serve notice period and in return asked to not credit any salary. The account also shows no credit. However, form 26AS shows some entries on their behalf which are like follows :
Txn Dt Status Dt o/Booking Remarks Amt Credited Tax Deducted TDS Deposited
20-Jul-2017 O 02-Dec-2017 70463.00 934.00 934.00
20-Jul-2017 F 02-Dec-2017 0.00 0.00 0.00
20-Jul-2017 O 02-Dec-2017 B -70463.00 -934.00 -934.00
20-Jul-2017 F 12-Jun-2018 70463.00 934.00 934.00
Plz make me understand what does O & F mean corresponding to 70k? What does the B remark mean? Should I include it in ITR inspite of the fact that I have gotten no such money. Why the amounts are in + & -?

Our company is providing electrical projects under govt. of Karnataka.

Scope of work-

1.Supply and installation of transformer, poles, wires etc.

Billing will depending on project clause-

1) Supply invoice and erection invoice (after installation of supply item) seperately.

2) Supply and erection together.

Please advise me rate of GST to be charageable.

Dear Sir/ Madam,
My Client has received a LIP Maturity Amount from LIC. LIC has deducted TDS on the maturity amount. Please tell me whether Maturity amount received from LIC is Taxable or Taxfree. Please also tell me the reason for the answer. if It is Taxable then under which section & Which head, and if it is Taxfree then under which section.

My dealer is selling tobacco products on which GST rate is 28% plus cess @160%

Total Taxable turnover as per GST 3B return is Rs. 50,08,100.00
On which CGST @ 14% Rs. 7,01,134.00
On which SGST @ 14% Rs. 7,01,134.00
On which Cess @ 160% Rs. 80,12,960.00

Total Value including all taxes is Rs. 1,44,23,328.00

Dealer is following booking sale and purchase net of tax in his books.

Question: For the purpose of filling income tax return turnover is net of tax or not ?

Suppose a proprietor, who is liable for audit u/s 44AB, gives Rs. 50,000 to brother as interest and no TDS was deducted. And the brother’s income is less than Rs.250,000.Can his brother submit form 15g to the proprietor?

X PURCHASED A PROPERTY AND DEDUCTED 1% TDS AND DEPOSITED THE SAME WITH INCOME TAX IN TIME. THE TRANSACTION APPEARS IN
26AS STATEMENT . OF X. NOW X HAS TO FILE ITR 3.

IT MAY BE ADVISED IN WHICH SECTION/COLUMN OF ITR 3 FOR ASSESSEMENT YEAR 2018-19, X SHOULD REFLECT THE PURCHASE OF THAT PROPERTY

An Engineer assessee for the first time to file his income tax return, received professional income (tds u/s 194J) , which is more beneficial or appropriate to file his return? ie, ITR 3 or ITR 4 ,(and can i show more than 50% of his gross receipt as profit u/s 44ADA?)
Age 62, Resident, total receipt is 590000

We do Purchase Fabric @ 5 % GST as a Raw Material, then our workforce work on it to make it complete Saree. The prices of Finished Saree are in between Rs. 500/- to Rs. 3000/-

In our GST Return we claims ITC of GST paid on Fabric Purchase

We did study that what would be the tax rate on our finished output i.e. Saree.

In one article it was written that GST @ 5% shall be charged on Saree price below Rs. 1000/- and GST @ 12% shall be charged on Saree price on or above Rs. 1,000/-.

In another article it was written that if GST @ 5% is charged on Saree then the Seller can not claim ITC of GST paid on raw material (Fabrics).

In another article it was written that Saree is considered as Fabrics only and hence, all sarees shall be levied GST @ 5% only.

We are very confused. Hence, We request the Experts to put some light on above issue and please clarify the GST Rate.

We asked the above query at CBIC Helpline number, but they didn't respond.