Compulsory Acquisition by NHAI of Agriculture land inducing Well ,Pump, Borwel, Pipes, farmhouse/House Constructed in Agriculture Land TDS Deducted sec 194LA whether Taxable or not If its Exempted how to Declare In ITR (TDS 10%)

I have taken Home Loan for Plot Purchase and it will start for construction.

Kindly advise i am eligible for Income tax deduction for this.

Dear Experts,

I have well known about RCM provisions u/s 9 & Categories of supplies which attract RCM but have doubts on RCM while calculating GST liabilities for GSTR 3B,

For Example, I have taken GTA Servies which have not opted 12% So RCM charge will apply to me. Such I have to show in Output Tax & take ITC, Is it Right?. I think it's right but how should I pay such tax if such shown as OUTPUT & ITC then ultimate liability will be zero if no sales are made.

Please clarify me, its very helpful me if you explain with accounting entries.

GTA registered in MP (RCM applicable)
input tax credit shown in GSTR 2A
1. while filing 3B we need to first claim then reverse the itc or,
2. just file nil return and ignore the itc shown in GSTR 2A.

A gst registered regular scheme dealer notice received sec 61 in gst act.
Period :9/2019 to 3/2020
Gstr1 outwards supplies turnover Rs:48,60,524/-
Gstr3b outward supplies turnover Rs:45,50,258/-
Difference turnover amounts rs:3,10,216/-
Question:
How to adjustment producure difference turnover amounts shown in notice .

SIR
Q.NO.1
I Know that the proprietor need not open separate bank account for his business in his trade name of business. How ever, I want to keep the business transactions in separate account on my trade name. Can I do it sir?
Q.No.2
I expect the turnover above 50 lac in this financial year. Which ITR return to be filed?
Q.No.3
Some of my customers give cash for his purchases maximum as they are mostly buying for his own use. Any restrictions are there?
guide me plz
thanks in adv

Respected Sir,

I have purchased exempt goods (printed books) from unregistered supplier. I am a composition tax payer and supplying both taxable and exempt goods. How to show exempt goods received from unregistered parties in Table No.4C of GSTR-4 Annual Return:
(1) RCM applicable- No-Value of supply; or
(2) RCM applicable-Yes-Tax Rate 0-Value of supply.

Which of the above method is correct? I shall be obliged for your kind guidance.

Thanks and Regards,
Purusottam Panda

A registered trader, who distributes FMCG items through van sales to retail traders. Can he use manual invoice under GST for the distribution of goods. For the goods which he is taking from warehouse to his van, how he can keep records. Please assist. /Thank you

Mr X purchased goods worth Rs.10 lacs from Mr Y on 15.07.2020 and subsequently sold the same to Mr. Z on 22.07.2020 for Rs.11 lacs. Mr. Z paid Rs. 1 lac through cheque to Mr. X and requested to adjust Rs. 10 lacs with account of Mr. Y as per consent given by Mr. Y.
Whether book adjustment made by debiting Mr. Y by Rs. 10 lacs and crediting Mr., Z by Rs. 10 lacs would fall within the provision of Section 3269ST as the section envisages payment through account payee cheque/draft or electronic transfer through bank. Here cash involved is just Rs. 1 lac.
Please advise. Thanks

Sir,
we are filing the return now for the period 2018-19.So want to know while putting provision whether we need to take only tax amount or need to take 234A,234B and 234C and 234F along with tax payable to be shown as provision.