I have Agricultural Land close to main road of the town. Now i want to develop commercial complex over there after obtaining NA permission.
I have intention to sell these commercial shops after receiving BU permission. Hence no issue of GST remained.

Now i have two option to avail for income tax treatment

Option 1:- I need to convert Capital Assets i.e Land or Fully constructed Complex in stock in trade then make sale as goods.

Option 2 :- Sale of each commercial shop as a Capital assets.

Which option is should i go ? If any other option available for Income tax treatment then please inform.

Dear Sir,

One of my client is into Transport business and he do Sales only on Reverse charge basis. He doesn't pay any GST on the sale amount as all his sales is under RCM.

My query is while filing GSTR-9, do I have to report this sales under HSN column as under HSN only Taxable amount has to be mentioned which is Nil in my client's case.

Please help me in this matter.

Regards,
Divyesh Jain

If x amount is withdrawn from the current account to the savings account (both accounts are of the same proprietor) and the same amount is redeposited back to the current account. Will it be considered a reverse entry or a fresh capital added?
Little confused about how it can be considered?

Dear Expert,

Can anyone confirm that how much cash deposit savings account and salary account in a financial year? As per income tax point of view.

We claimed ITC as per GSTR-2B in our GST Returns__But now at the time of filing GSTR 9 for FY 2021-22, its showing ITC as per GSTR 2A in Table 8A of GSTR 9. There is slight difference in GSTR 2A & GSTR 2B. The ITC Claimed by us as per GSTR 2B is genuine.

Then what can we do in such case...???

for the FY 21-22 as per Following DATA Sir Please help how the file GSTR 9 for following DATA
Amount
1 We Claim  ITC as 'Inward  supplies"  RCM 22,680.00 21-22
2 We Claim  ITC as 'All other ITC'                                                    1,96,643.00 21-22
3 We Claim  ITC as 'All other ITC'                                                    500.00 20-21
TOTAL Claim 4A OF GSTR 3B (A) 2,19,823.00

1 ITC Reversed in Reversal column (B) ** 32,271/- 25,600.00 20-21
6,671.00 21-22
** Clubbing of 20-21 & 21-22
Net ITC Available (A) – (B) 1,87,552.00

In GSTR 6A 2,19,823.00

We Claim Rs 1100/- as IGST in April 22 (21-22)
We Revised Rs 320/- in Reversal Coolum in April 22 (21-22)

AS PER Book 2,13,432.00

WITH Regards

Anshuman

Hi sir,

one of my client has resort and now they want to lease the resort in monthly basis to someone.

what is the GST % and SAC code for lease of Resort / hotel ???

Kindly advice.

Regards

PANDI

What is adhoc hike? When it will be given and why? Will it be given to all Or only few people and how would they select only few people on what basis?

WHICH DIRECTOR ATTENDED AGM -->YES NO, WE CAN ONLY WRITE 1ST ROW , WE CANTWRITE IN 2ND ROW FOR 2ND DIRECTOR,YES NO/NOT APPLICABLE?

INCHECK FORM, ITS GIVING ERROR" PLZ WRITE YES/NO/NOT APPLICABLE AGAINST DIRECTOR2".

IS PDF FORM MGT7A CORRUPTED?

Non-physical Imports of the intangibles
(i) AD Banks are required to obtain a certificate from a Chartered Accountant that the software’s, data’s, drawings or designs have been received by the importers where imports are made in non-physical form like software’s or data’s through internet and drawings and designs through e-mail.
(ii) AD Banks are also required to ensure that the importers have to keep inform to the Customs Authorities against the imports as made in non physical form.

Dear Respected Sir,
I am dealing in digital goods(Digital Assets) and receive goods via web. Please advice me how I report to custom department for non physical goods import.

Thinking you
Irfan Khan