Dear sir, our company is operating two units — one as an Export Oriented Unit (EOU) functioning under Chapter 6 of the Foreign Trade Policy (FTP), 2023 read with Notification No. 52/2003-Customs, and another as a Domestic Tariff Area (DTA) unit.

The EOU has executed a Bond amounting to Rs.10 crore for the import of duty-free raw materials required for the manufacture of final products. Subsequently, certain quantities of duty-free imported raw materials were transferred from the EOU to the DTA unit through delivery challans, as they were required for production purposes at the DTA unit.

While transferring the said materials, the applicable Customs duties (Basic Customs Duty and Social Welfare Surcharge) were duly reversed and paid through TR-6 challan. However, the Integrated GST (IGST) component exempted at the time of import was not reversed, as payment through TR-6 challan does not qualify as a valid document for availing Input Tax Credit (ITC) in terms of Rule 36 of the CGST Rules, 2017.

In view of the above, your kind clarification is requested on the following points:

Whether the IGST component, initially exempted at the time of import under Notification No. 52/2003-Customs, is required to be reversed when such duty-free goods are transferred from the EOU to its DTA unit; and

If such reversal is required, what is the prescribed procedure for effecting the reversal and for subsequently claiming ITC on the same.

Sir,
Whether transfer Rs 50 lacs to my two sons (50 lacs each son) through RTGS or cheque as a gift during a financial year is totally tax free for donor and donee?

2. If, their is any boundation to prepare gift deed on stamp paper duly notirrised?

Thanks sir

HII!!! Mr. ABC is getting married on 15/11/2025, kindly expain tax liability of money received on day of marriage to him and to his parents ?

I have taken a CC road construction work from the Panchayat Raj Department.
The work is for a public road (used by general public) under Government work order.

Kindly clarify —
👉 Whether GST is applicable on this work or it is exempted under any notification?
👉 If applicable, what is the correct GST rate (12% or 18%)?
👉 Please mention the relevant notification number or Circular reference also.

Thank you.

Dear Sir/Madam, I did purchase a mobile phone on GSTIN of my firm in September for business use, i even received Tax Invoice with my GSTIN on it. The seller has shown sale in his GSTR1 return filed GSTR3B too which is reflecting in our IMS dashboard and GSTR2B. I followed IMS dashboard procedures but ITC is not reflecting in our Electronic Credit Ledger. Purchase is of September still it is not reflecting in my Electronic Credit Ledger till now. Can i claim ITC manually?
I kindly request you please guide me in this regard.

Thanking you in advance.

With regards.

Sir, Plot given under JDA → received flat → flat sold. What should be the COA for capital gains? Only land cost proportionate? Or include builder consideration + stamp duty too?

I Have to Raise Professional Invoice to the Firm for my Services which I have rendered but the Firm has its Head office where Books of Accounts is maintained, also Audit is conduct in the state of Maharastra. It also have Branch which is is Gujarat from where all the Sales Transactions are done & also having ISD so to whom should I raise the Invoice. Also help me with the Respective Section for my better understanding.

Hello, connection

I required word format of dissolution of partnership firm.

Thanks

I have Enter wrong GST number of Party in GSTR1 filling, but in next month I tried to correct it in Amendmend option but that time also i have put wrong GST number, Now party made payment without GST. Can I amend GST number in second time what is the solution

if father controls indian entity and son controls foreign entity, but both dont interfere in other's entity (means no control on each other), then they are not associated enterprise right?
my view --> yes, they are not associated enterprise beccause, there is no control of any kind on other's entity
section 92 says deemed associated enterprise means jointly controled by him and his relative . In my case, there is no say of anyone in anyone's entity.

am i fairly correct that father-son where there is no say at all in management (and , further, no mutual loans also etc) is not asscoaited enterprise?