As per the recent Notification No. 08/2025 and Notification No. 05/2025, is a hotel mandatorily required to charge 18% GST on restaurant services if it had any room bookings with a tariff exceeding Rs. 7,500 per day in the previous financial year? Does the hotel have the option to charge 5% GST on restaurant services without ITC, even if it had room tariffs exceeding Rs. 7,500 per day in the previous year

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Good morning sir/s, what is the rate of tax for sweet and khara whose sale exceeds 1.5 crore in FY2024-25 who is in composite and paying 1% tax

I have to file FORM-E against retirement of of 1 partner in registered firm retired in March 25, earlier in year 2023 another person has filled FORM -E against admission of 2 New parters. Now the problem is i am unable to file new Form E, the message displayed by Site is "Form -E is already raised" and dashboard 2 Form available to be seem Form A and Form E (Form E is in Red Color and Form A is in Green Color). Please help me to solve this issue.

Sir,

If Rural agricultural land is in 3 names (father+ 2 sons). While selling, father wants to accept full money in his own bank account (because he doesn't want to distribute to sons at this point of time).

Can the father do that?

(Note - Full transaction through RTGS, no cash involved. Also the land is Rural Agri, so there is no capital gains tax anyway)

The AIS of sons will show the asset sale, so do the sons need to explain something in their ITR?

Thanks

Sir, the TDS provisions will apply only when the buyer of goods turnover exceeds of RS.10,00,000 in the hands of the buyer, else the sellor has to collect TCS - am I right sir ?

Good morning sir/s,

Can we avail/claim of ITC on Purchase of Cement, Tiles and other construction materials for rental property, which is lettable and GST is going to be paid on receipts of rent, since the property is in furtherance of business

Hi All,

I am buying a property for 80 lacs. I have paid a token amount of Rs. 1,00,000/- to the seller on 2nd April 2025. Housing loan will be of Rs. 50 lacs.

The balance sale consideration will be pay in 3 instalments i.e. Rs. 9 lacs on 10th April 2025 and Rs. 20 lacs 15th April 2025 and the Sale Agreement will also be signed on the same day - 15/04/2025. Finally, the balance amount will be paid by housing loan directly by bank.

I will pay tds on payments to seller thru my bank account - as 99% to the seller and 1% to GOVT. thru 26QB...
but what about tds on home loan amount? how does it work?

My query is how tds paid on home loan amount? whether I should pay or bank will deduct and pay on my behalf?

Should I inform bank to pay 99% to seller and 1% to me (my sb a/c) and then I pay tds thru 26QB? This seems a proper approach to me. Please advise.

Does anyone have a format of letter to write to bank home loan department for such request?

Thanks
Niki

As per this notification
a registered supplier to a registered recipient for export, from so much of the central tax leviable thereon under section 9 of the said Act, as is in excess of the amount calculated at the rate of 0.05 per cent., subject to fulfilment of the following conditions, namely
and as per the following condition:
(vi) the registered recipient shall move the said goods from place of registered supplier –
(a) directly to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported; OR
(b) directly to a registered warehouse from where the said goods shall be move to the Port, Inland Container Deport, Airport or Land Customs Station from where the said goods are to be exported;

SO MY QUERY IS THAT AS PER POINT (b) ABOVE THE REGISTERED RECIPIENT CAN RECEIVE GOODS FROM SUPPLIER TO THE REGISTERED WAREHOUSE FROM WHERE HE WILL FURTHER MOVE THE GOODS TO THE PORT ETC.
HERE WHAT IS INCLUDED UNDER REGISTERED WAREHOUSE - WILL HIS OWN OFFICE/ GODOWN ALSO INCLUDED UNDER REGISTERED WAREHOUSE.

PLS CLARIFY

Hi All,

I am buying a property for 80 lacs. I have paid a token amount of Rs. 1,00,000/- to the seller on 2nd April 2025. Housing loan will be of Rs. 50 lacs.
The balance sale consideration will paid in 3 installments i.e. Rs. 9 lacs on 10th April 2025 and Rs. 20 lacs 15th April 2025 and the Sale Agreement will also be signed on the same day - 15/04/2025. Finally the balance amount will be paid by housing loan directly by bank.

My query is what date should be mentioned against "Date of Agreement / Booking" in Form 26QB for tds on token amount?
Whether it will be 2nd April 2025 or 15th April 2025 or any some other date ?

Will the "Date of Agreement / Booking" have to remain same for all future 26QB forms i..e subsequent payments or it will change after signing the agreement?

Thanks
Niki