Respected, experts

We have one Purchase bill of Rs.19800/- for the month of July,2018. I have filed the GSTR-3B in April month. Please advise to me how i adjust for above purchase bill. Can i pass the entry in busy in current month ( May 2019) or anything more please reply

Read more at: https://www.caclubindia.com/experts/purchase-bill-of-july-2018-2740019.asp

A residential vacant site was purchased by Mr. Raghu and sale deed was registered in his name on June 2017 (property value is Rs. 30,00,000/) and constructed residential single house taking housing loan of Rs. 20,00,000/- in the same site and now he is willing to sell the same property in July 2019 for 60Lakhs due to some personal reasons.
Clarification required:
1. Will this be considered at STCG or LTCG for Mr. Raghu ?
2. Can he invest that amount for purchasing a residential flat in apartment ?
3. Can he close the housing loan which was taken to construct the same house after selling the property?
4. He is having another a Site purchase loan in which a site was purchased in the year nov 2016. Can he close this loan also?

Pls suggest how he can invest to avoid property tax on capital gain?

Please provide updated list of goods and services under reverse charge of gst. Whether section 9(4) applicable?

I.t. assess sale of paddy to rice Miller. Cash received rs.270000/ from rice Miller.

Sec 269st applicable.

In view of the recent amendment in section 44AE, which weight should be taken to calculate presumptive income of a heavy goods vehicle, G.V.weight or U.L. weight or R.L.weight ?

A trader who did not withdraw money from his firm but credited 100,000 rupees in his Personal Savings Account throughout the year, as per IT Rule would it be treated as income from other source (Extra Income)?

Hi Everyone
We are Regsitered Chit Fund Co and we are aCCepting the Monthly Chit Subscriptions in Cash(In Excess of Rs.20000) and Paying the Prize Money to the Subscribers Compulsary through Cheque only My Q is as follows

1 As we are aCCepting Chit Subscription through Cash wheather Covered by SeC 269SS is applicable

As per SeC 269T "loan or deposit" means:
▪ any loan or deposit of money which is
▪ repayable after notice or
▪ repayable after a period and,
▪ in the case of a person other than a company, includes loan or deposit of any nature;

As Per my My Knwoldege the Monthly SubsCription paid by the subscribers is not Loan or Deposit to Company just we are Collecting the money from the specified group members and paying the Prize money to One member among the Specified group only. So at the end of the day Co Doesnt have any Deposit or Loan in his hands.

Please Guide

DEAR SIR,

ONE OF MY CLIENT STARTS NEW SOLAR POWER PLANT WHAT IS THE GST IMPLICATIONS ON SOLAR ENERGY WHETHER IT IS TAXABLE OR NOT. SUPPLY OF SOLAR ELECTRICITY TO ANY ELECTRICITY BOARD AND HOW TO CHARGE GST IS SOLAR ELECTRICITY IS EXEMPT FROM GST OR NOT.

PLEASE CLARIFY ME

REGARDS

Before certifying the Reconciliation Statement in GSTR 9 -C, is the Chartered Accountant mandetorily required to verify with documents and records that 1)the ITC is taken only on eligible inputs & input services 2) GST liability is correctly worked out 3) GST under reverse charge is paid on all applicable transactions 4) Job Work procedure is correctly followed or not. OR he is only required to reconcile the GST records with Balance Sheet figures and then certify accordingly? Please guide.

Dear Sir,
We have applied for GST registration. We have just received a notice from department. Seeking a clarification "ADDRESS IS NOT COMPLETE"
Now the problem is that the shop is situated in rural area. and there is no house no alloted by the nagar nigam.
we have attached a electricity bill for address and rent aggrement. The address which is mention in electricity bill is " JILAY SINGH S/O SH BUDH SINGH, NAYA BAZAR, JAMALPURA LONI GHAZIABAD 201102
We have one another proff of house tax receipt with the same address.
We have no any other proff so that we can clearifty the address. What shall we done in the situation please tell