I hv booked a under construction flat costing Rs.6300000 for that I hv paid 10percent of booking amount in the month of aug 19,for this stamp duty and registration will be done subsequently, after this,builder is asking me to deduct TDS of 1 % on total flat cost in lumpsum rs.63000 .my enquiry is whether I can pay lumpsum TDS of 1% percent in advance or say at the beginning as my disbursement is in installment . I have paid Rs.630000 as a booking amount before finalizing the deal before sanctioning of loan from bank.Whether TDS is applicable on this booking amount before registration of flat as this is just as a booking amount .pls guide.
Regards

What is the rate of gst on hotel business..
can i claim i.t.c if my turnover is more than 1.5 Crore and I opt for monthly scheme..

Assessee in dealing in export of Goods.

The goods for the purpose of Export and being imported. The aforesaid goods are exempt from Customs Duty and IGST thereupon during Import of Goods. Duty Drawback is also availed on the said goods after export.

At present, the Assessee is exporting these goods without payment of IGST. However, the Assessee is having an Accumulated ITC of other Ancillary services procured in India.

Question Involved is; Whether to recover the unutilized ITC, Assessee can export these goods with Payment of IGST by utilizing ITC. ?

NB: Refund of Accumulates ITC is not eligible since these goods are subject to Duty Drawback.

Humbly requesting you to kindly share your views on the same.

Thanks in Advance.

Respected Sirs,

Please guide me and oblige.

Whether builders and developers are fully exempted from GST ?

If it is certified by the architect that 70% portion of the whole building has been fully completed, there will be 100% exemption from GST on sale of flats and shops.

In one of my client's case, for 4 Purchase Invoices, CGST and SGST credit has been taken instead of IGST in GSTR 3B filed in May 2019 (1 Invoice), June 2019 (2 Invoices), July 2019 (1 Invoice) and August 2019 (1 Invoice). Is there any way out now to rectify this mistake?

Thanking you in advance,

Respected Experts , good morning

I have a query related to RCM applicable wef 1-10-19 on Renting a Motor vehicle . I need your expert advice in the matter please. Details as follows
1) A body corporate takes Vehicle from URD person ( Tata Sumo, Bolero) for pickup & drop to Staff , guests . Company pay fixed monthly charges ₹22,000/- . we can say monthly rental . Diesel petrol is in Company's scope.
2) A body corporate take Vehicle from URD person ( Tata Indica, Tavera ) for to pickup & drop Staff , guests etc . Company pay monthly charges ₹60,000/- incl fuel upto two thousand km per month .

Wheter the above would falls under RCM "Renting a Motor vehicle" head OR some other categories of services such as "Rental services of Transport vehicles with operator " OR " Passenger transport services" ( services covered Under Noti.No 11/2017 dt 28-6-17)

ii) whether RCM would be applicable at What rate 5% , 12% or 18%

Kindly elaborate. I think it is very complex & will create abundant litigation.
Thanks Patankar

Sir,
Whether purified and cool water sale in cellow camper without seal pack and after the day end such water camper is returned to owner and owner replace such water camper with another water camper everyday.

such type of business is covered under gst or not?

Hello All
Sir I have purchased property in 2014 . Started Construction in 2018 and finish in 2019 Dec. I want to Sell it in Jan 2020. Whether the capital gain should be long term or short term? How to calculate the gains ?
Pl advise.
Regards

We have purchased a new truck from a dealer its by a bank loan,the total bill amount of the purchase is Rs 1037996/-
and the bank financed Rs 972200/-.The problem is the statement given by the bank shows that they have financed Rs 976000/- according to this we making bank entries,the bank and our ledger is tally.my question is the difference between the bank loan (actual amount they gave to the dealer) and the figure shows in bank statement
(976000-972200=3800) what to do this amount?

we have a creditor names xyz ,they sends (we purchase) items to our one branch @ ernakulam district,we proposed to deliver the items in our head office at kottayam district around 70 km distance between H/O and Branch.The purchse amount is 1500000.is there any problem with e way. The party (creditor) shows ernakulam district(branch
)in their e way bill as destination.can we deliver the items in head office?