Mr A had purchased a plot in April 2006 (cost of acquisition 6 lakhs). He constructed a house consisting of 3 units in Aug 19 ( construction cost 24 lakhs) . Initially it was constructed considering his family arrangement. Now he wants to sell all the 3 units to 3 different persons with 3 different Sell Agreements. Sale consideration Rs. 18 lakhs for each unit. He is holding one flat as on today along with the above said property. He wants to buy a row house in the year 2021.
1. Whether the gain from above is a long term capital gain?
2. Can he apply indexation for cost of construction?
3. Can he claim deduction u/s 54 ( in view of 3 units on the same land)?

SIR,

IN FY 2019-20 I WANT TO INCREASE CASH SALES B2C TILL MARCH 2020,

1. IF A ADD THOSE SALES IN CURRENT MONTH GSTR 3B AND PAY TAX , IS THIS METHOD CORRECT?
2. OR I SHOULD I PAY TAX USING DRC 03?

WHAT IS THE EFFECT OF THESE ADJUSTMENTS WHERE DO I HAVE TO ENTER ADDITIONAL SALES AND TAX PAID SO THAT THE EXCESS TAX PAID DOES NOT GET MIXED WITH CASH LEDGER BALANCE OR GETS UTILISED IN NEXT YEAR'S GSTR 3B ?.

Gud Evng......

I am doing trading/investing from last two year for which details as below:-

F.Y. 2018-19
Intraday loss Rs. 3450
Short term loss Rs. 650
Option loss Rs. 11700
Intraday/Options Turnover Rs. 2,87,000
Broking & other charges. Rs. 4500

F.Y. 2019-20
Intraday loss Rs. 1660
Short term loss Rs. 2200
Option loss Rs. 25200
Future loss Rs. 15000
Intraday/Options Turnover Rs. 4,82,000
Broking & other charges. Rs. 18500

So please suggest me that
1. Which ITR should be file ??

2. Whether it is require to maintain books of account and audited it ??

3. Can ITR 4 will be filled by declaring 6% of turn over inspite of having loss.

Dear Experts,

Requesting your advice on the below matter.

I am an exporter and raising invoice with 0% of tax (With LUT).

I have purchased some assets for my company In October 2017 and claimed GST input tax credit. I have not utilized this ITC till Aug 2020. Last month i have generated a tax invoice for local sales.

So my query is,
1. Is it possible to set off the tax liability against ITC claimed in 2017 ? (which is not utilized for last 3 years)

2. In case of ITC refund, Refund application should be submitted within 2years of time. Is it possible to set off the ITC which is in the books more than 2 years ?

OR

Should i reverse these inputs?

Please help me with your valuable advice

Thanks In Advance

Suppose input available for the month of Sep is Rs.30000 and input to be reversed for the period APr-Aug2020 is Rs.35000 then how this negative 5000 would be shown in return?

Hello Sir,
i have claimed wrong itc ; CGST-2814 and SGST-2814 in the month of january 2020 (F.Y. 2019-20) in GSTR-3B return. So please tell me how can be solved this problem in the month of September 2020 (F.Y. 2020-21) in GSTR-3B return.
you will be thankful for that.
Thanks.

Sir/Madam,

Is GST applicable on income from renting motor vehicle, If Yes, what is the GST rate applicable for it?

I work as an Co-coordinator (F&A) in a Trust.
my problem is that in FY 2019-2020 we have received funds under CSR, the donor Company has deducted TDS and deposited.
We submit quarterly fund utilization to the donor company.
My issue is that, what will be it's impact on GST.
Whether we will liable pay GST under it?
Please suggest me.

M/s SS Enterprises Registered in West Bengal is Civil and Electric Work Contractor Company. His main business is Work Contract Service provide to various Government and Corporate client. M/s SS Enterprises usually get order from Local Body as well as Corporate Sector, Building Developer etc. via Tender or Bidding (Online or offline)

Recently M/s SS Enterprises received the Electrical work order From KPCL Karnataka and Essel Mining in Orissa Name of the Service is “Supply Erection, installation and Commissioning of High Mast Lighting System “ ( High Mast is Big Lamp Post)

The Order Value is Rs 32 Lakh in Karnata and Rs 40 Lakh in Orissa including all like Materials, Service Charge, labor and GST.

Now the question is :

1/ Should M/s SS Enterprises is need to get registration in Karnata and Orissa? He is already registered in West Bengal ?

2/ How M/s SS Enterprises make Bill? I want to know what is the Taxable value and What is GST amount?
3/ What is my place of supply?

I want to talk various Lawyer/CA, they give me the difference opinion but CBEC help desk ask the apply Casual Dealer Registration
Sir Please tell me what is the rule? We are confused

Sir/Madam,

Two companies having same directors and holding pattern same in both the companies , viz -98%,1% and 1%.
Are these two companies treated as associate company as per sec2(6) of the companies act 2013 .