Sir, I own a goods vehicle. I purchase coal from market and sell the same to my client. Sale proceeds received by me is including freight (my own vehicle). I am registered as composition dealer in GST. It is learnt that goods freight is exempted from GST. In my case, whether I will have to pay GST on entire sales proceeds of coal (transported by my own vehicle) or approx. tpt.charges to be excuded from GST turnover ?

We have taken one aircraft on lease from a USA company. Can the USA company charge GST on Lease Rent or we are liable under Reverse Charge.

SIR
We are GTA and have purchased bio-diesel for our trucks. Our Trucks are available at garage all over Tamil Nadu. We should take bio-diesel to go to each garage and fill up diesel to each of the truck.
In this case, what are the documents are required while,

1) to deliver the bio- diesel to our garage?

2) At some times, the balance of bio-diesel is to be return back to the
principle place of business?

3) In case some of trucks are under sub-contract.

guide me plz
thanks in adv

If Individual Gift Land to The Trust then What will be the Tax Implications in Both hands?
Amount of Property is above Rs.50,000.

In October 2019 I mistakenly took ITC of 1.60 lakh of IGST and used in total rs.12000 for the liability of CGST and SGST in October and November, in December I reversed 1.60 lakh, out of which i had remaining credit of 1.48 lakh IGST and remaining 12000 with cgst credit... will there be any interest liability on me?

Respected sir, my friend had compensation amount of Rs.55 lacs without tds from Power Grid Corporation of india for Power Line Corridor through over his residential vacant land. My question is the amount is taxable or nontaxable. Kindly clarify me sir.

Regards

Jack Arul

Dear sir,
My query is on issue on inter state issue of tax invoice with out Gst registration

1. can person with out gst registration provide interstate service

Kindy provide provision on the same.

Dear sir

If i sale Goods As donation and , what would be the sale entry ??

What is the limit for donation sales ??if  cash or Bank ??

Please suggest me 



Thanks in Advance 

Madhu

I have a question for my study purpose.

What are the tax implications of gifting 50 lakhs to spouse? If the husband is retired with no pension, and only has a savings of 1 cr. If he gifts 50 lacs to his wife and they both open FD.

My client has turnover of 1.55 Crore (business of furniture retail). Out of this, commission is 15 lakh (TDS deduction on it u/s 194H). This commission was for orders procured to OEM from the market. Out of total turnover 1.45 crore receipts through banking system and 10 lakh through cash. Purchase & Sale record available, GST returns filed. No record of banking transaction. Questions are:

1. Is audit compulsory?
2. Can I file ITR under section 44AD (considering commission component in turnover)?
3. How can I save maximum income tax?
4. Which form should be used to file ITR?