kindly explain:
Suppose Mr A has purchased capital goods in June 2020 for use in sale of taxable outward supply, and the itc is rs 25,000. But during june 2020 his Gst on outward supply is only Rs 3000. Now how to show the ITC of Rs 25000 in gstr 3b of June 2020 (availing and utilising ) and gstr-3b for suceeding months?

Details for June 2020

Capital goods ITC 25000

GST on Outward supply 3000

how to show availing and utilization of eligible ITC of 25000 in June 2020 and subsequent months

Good Morning Experts,
I am fillling GST Annual Return for FY 2018-19. But i am facing a big problem in Column 8A of GSTR9.
I have made input reconciliation between GSTR 3B and GSTR2A. In GSTR2A, I have taken figure from Summary of GSTR2A and downloaded GSTR2A which is same. But when I was going to file GSTR9, I found different figure in Column 8A which is totally different from summary of GSTR2A.
For Example, CGST & SGST as per GSTR2A is 1,00,000/- and as per Column 8A is Rs. 80,000/-. And IGST as per GSTR2A is Rs. 20000 and as per Column 8A is Rs. 50,000/-.
Thus, Please let know the reason of it and please guide which figure should i consider in reconciliation of GSTR3B and GSTR2A ?

I hope my question is clear to you. In case of any query feel free to ask for further information.

LTCG incurred for FY 2019-20 say 1 lakh
But not invested i 1lakh n CAGS by 30th September 2020 .
However on the contrary invested in an under construction property - 1 lakh ( entire capital gain utlised) on 20th November 2020 before filing IT Return(Date of filing Return extended to 30th Nov)
Please help understanding tax implications in this case

If Any Individual Gifts Property to Trust registred under 12AA as a religious Trust then what will be tax liability in both individual and The Trust?
and what will be the consequences, if trust not registered under 12AA?
Please do suggest in tax planning manner.

A CSR company (Section 8 Company) was formed in Sep 19. Application for 12A (Form 10A) is not filed. CSR Company has received donations 30 lakhs in F Y 19.20, out of which 10 lakhs are spent for the charitable objects of the CSR company before 31.3.20. Full amount could not be used because of lockdown before 31.3.20.

1.Which ITR is to be filed for Secction 8 companies ?
2.If Forrm 10A filed now(may be belated) can we claim exemption u/s 11 of I T Act?
3. Rs 7 lakhs are used between the period 1.4.20 to 7.9.20. Can provision of Rs 7 lakhs be made as on 31.3.20 to reduce surplus amount of AY 20.21? Or any way out like keeping the balance amount in special Fixed Deposits?

4. Is any special audit report is required to be uploaded while/before filing Return of Income?

Mr. A has taken loan from Mr. B of Rs. 100000/- and has repaid part of the loan of Rs. 50000/- to Mr. B through a Company M/s XYZ Pvt. Ltd. in which Mr. A is a Director. Whether such payment shall be considered repayment or not. Is there any consequence to be faced by the company or Mr. A in the above transaction.

Please guide.

SALES LIABILITY ENTERED MORE IN MARCH 2020 MONTH GSTR3B RETURN, PLEASE LET US KNOW HOW TO RECTIFY THE SAME

Dear Experts

We are having GST registration in Proprietorship, want to change owner of the proprietor is there any possibilities for retaining the same GST number for new owner

What if Agricultural Land is in name of Father but son is doing Farming , agricultural produced had been sold by His Son in Mandi And Bill Also Have Name of his Son and payment received directly in his sons Bank Account and some amount received in cash (less than Rs 200000). Can Son in his income tax return show Agricultural Income though he has no agricultural land in his name ???

Parents has given gift to his children in February by cheque but deed was not executed due to lockdown and other issues.
Can we execute back dated deed now? or else what is solution as money is already transferred.