I have three credit notes and one debit note of October and November 2020, which I received in December 2020.
Now, in Table 3.1 (d) which is for supplies liable under reverse charge (so credit note and debit note to be considered as supplies liable under reverse charge?) . so here I have to fill it for credit note as well as debit note taxable amount? and in Table 4(B)(2) for ITC reversal?
If yes, in 3.1(d), I can show only debit note amount, how can I show credit note amount. - Please guide, if I have not understood.
In Table 4(B) (2), I will show net of credit and debit note Tax, I have to pay?
Request for guidance, as I am thoroughly confused for reversal of credit and debit note amount.

I HAVE SOLD A PLOT IN JUNE 2017 HAVE CAPITAL GAIN THAT DEPOSITED WITH BANK OF INDIA IN CAPITAL DEPOSIT ACCOUNT. CAN I PURCHASEN IN JANUARY A FLOOR IN NEW BUILDING AND GET TAX EXEMPTION IN MY ITR 21-22. IS THERE ANY OPTION OTHERWISE TO EXEMPTION CAN U SUGGEST ANY EXPERT IN THIS FIELD IN DELHI HOPE EARLY REPLY

Dear Expert,
I Want to know difference between the GSTR 2A and GSTR 2B.

and Features of GSTR 2B and Its Impact on Input while claiming the ITC.

While Following rule 36(4) CSGT Act, which could be base either GSTR 2A or GSTR 2B

I would like to clarify the following

Whether exemption U/s 54 available in case reinvested in housing plot (Vacant Site) ?
(to the extent of capital gain arrived Out of the sale proceeds of Vacant housing plot )

i.e. Ms. Kavitha got some Vacant land through inheritance in April .2018 (Which was originally bought by her Grandfather in 1986) and the same has been sold out in Dec.2019 . She reinvested the Capital gain portion only in Housing site and start the construction of the house through another one builder in Dec.2020. Whether this can be claimed as an exemption U/s 54?


What will be the impact in case she just reinvested the capital gain in Vacant housing site and not start any construction within 3 years from the date of property sold ?

Is there any new ammendment regarding income tax on leave encashment on superannuation of bank employees. It is heard that some people who are retired after 1.4.2018 are getting refunds on leave encashed on supernnnuation. Earlier PSU emplyees were not considered as govt employees for this particular purpose. Is there any revision on the upper limit as per section 10 10 aa which was 300000/- earlier.

How will the cess calculate if Quantity of Coal Purchase is in between 1 and 2 tonnes,

The rate for cess on coal purchase is 400RS/MT,
Same as 800RS per 2 MT,
But in such cases if Quantity is eg. 1.5MT, Now the how would the cess calulated?
(i) 1.5MT*400RS or (ii) 2MT*400RS?

Thanks in advance.

My cousin filed composite GST till Mar 2019 for annual turnover around 13 lac. Since then he have not file GST return after hearing news that No GST required for turnover below 40 lac. Now when checked his GST account, its seen that 12 GST invoices in his firm name for FY 2019-20 (amount around 8 lac) and one invoice (50 thousand) for FY 2020-21. What should he do now ?

Dear Expert ,

We are service recipient. we are liable to discharge liability under the RCM against payment made in advance to GTA and Advocate.

kindly guide us Whether it will be shown in GSTR-1. Advance receipt is given for FCM not for RCM

Thanks & Regards
Prem Chandra Thakur

I HAVE SOLD A PLOT IN JUNE 2017 HAVE CAPITAL GAIN THAT DEPOSITED WITH BANK OF INDIA IN CAPITAL DEPOSIT ACCOUNT. CAN I PURCHASEN IN JANUARY A FLOOR IN NEW BUILDING AND GET TAX EXEMPTION IN MY ITR 21-22.
IS THERE ANY OPTION OTHERWISE TO EXEMPTION
CAN U SUGGEST ANY EXPERT IN THIS FIELD IN DELHI
HOPE EARLY REPLY

Dear Expert,

We are not able file our ITC04 return for Q1 & Q2 , kindly suggest us to file our pending return, below is the error report [(ITC Form V 2.5) Latest ITC version only downloaded & utilised].

Error in Json structure validation in GST ITC04 Return. Please download the latest offline tool from portal and try again.

Regards,
Naveen Kumara C D