Import clearing & forwarding agent raise his two bills
, 1) Purely reimbursement expenses bills
2) Only his Agency charges.
On first No. There are various bills of reimbursement.
We accounted following.
Dr. clearing & forwarding expenses, Dr. Gst input & credit to clearing forwarding agent.
In reimbursement bills there are numbers of parties.
It is not possible to make each entry separately and again nullify the same party account. Because we make payment to C& F agent not reimbursement party.
While taking gst input we maintain reimbursement party data in excel, for taking reference to verify gst input according to gstr 2b

My question,- According to gst rules / Act is it mandatory to incorporate in books of accounts each party details for input . Is there any contravention.
If yes under which section / rule

One person is doing GTA services and also manufacturing activity in the same State under the same PAN.
Can both activities be covered under a single GST registration?
Or is separate GST registration required for GTA and manufacturing?

my clint pay Rcm on commericial Building rent .This Building use for exempt goods supply. can i claim itc on pay rcm on rent. plz help me with Related section and law

We got the possession of an apartment in April 2017 and was rented out . The rent was accounted in my wife’s name and accordingly ITR filed , But later on 4/9/23 the apartment was Registered in My wife and my name jointly .
Now we propose to sell the apartment and if so which date has to be taken for assessing capital gains . Further how to account for the proceeds …in wife name alone or both names as mentioned in the sale deed .

Kindly advice

Hello All,

I own an Apartment which was registered yointly with my wife in october 2001 The sale deed shows only 3.85 Iakh — UDS only (guideline value 4.70 lakh) and the Total payment was 18 Iakh. I am a senior citizen and like to sell off this apartment and settle down in a temple town. have already purchased a 1BHK apartment in Joint names by using my Fixed deposits (25 lakh) —
registered in May 2023, and payment completed in October 2024.

we have found a buyer going for a bank loan and mostly the sale would be completed for 55 lakh in Mar—April 2026.

also would like to get expert opinions for

1.How to calculate the Long Term capital Gains and cost of indexation.
2. reducing the capital gains tax
3. process of showing these details in ITR and claim TDS on the sale.

Thanks in advance,

A retired 66 year old person invested a part of terminal benefits in bank deposits five years ago. This is maturing this month only.
Considering risk and safety criteria for this retired person, where should he invest to earn best possible return?

Respected experts, after registering as legal heir in income tax site, after loging from PAN in which mode/whose ITR should all above thing be mentioned/filed?
1. As legal heir ITR.
2. Self ITR

Hi,

Curious, what's the difference between these two fields on 26QB

1. Total amount paid/Credited currently
2. Amount on which TDS to be deducted.

My guess is that the first one would be inclusive of GST, while the second one would be without GST?
Also, when paying instalments would the "Total Stamp Duty Value of the Property" be left empty?

A scrap dealer purchase used vehicles.
He purchased an old vehicle from a person where GST was paid under Reverse Charge Mechanism (RCM) on Full Purchase Value
Now the dealer intends to sell the same old vehicle.
Kindly clarify the following:
Whether GST is required to be charged on margin basis as per Rule 32(5) of CGST Rules, or
Whether GST is required to be charged on the full sale value of the vehicle?

Dear Sir/Madam,
We seek your professional guidance on a GST compliance matter, the details of which are outlined below.

We had B2B supplies during FY 2024–25 which were not reported in the relevant GSTR-1 and GSTR-3B for the respective periods. Further, e-invoices were not issued at the time of supply, and the 30-day time limit for e-invoice reporting has since expired.

We now intend to declare these transactions and pay the applicable GST along with interest in the current returns (December-2025 GSTR-3B and GSTR-1). Due to the above constraints, we are considering reporting these transactions as B2C instead of B2B. We also propose to disclose the same in GSTR-9 (Table 10) for FY 2024–25. As B2C Supply.

In this context, we request your advice on the following:

1. What is the correct and legally compliant method to disclose these missed FY 2024–25 supplies at this stage?

2. Considering that the e-invoice was not issued and the prescribed time limit has lapsed, is it permissible to report these B2B supplies as B2C in the December GSTR-1 and GSTR-3B, or would this be regarded as misreporting under GST law?

3. What would be the recommended and safest approach to regularize this matter and minimize exposure to penalties, interest, or future litigation?

We would appreciate your guidance on the appropriate course of action.
Thanking you.