Dear Sir,

One of my client has purchase a land on 15/06/2013 and constructed a residential property on that land on 30/09/2017 and the same was sold out on 08/05/2018.

Now, the question is that under which capital gain head it taxed, Short Term or Long Term? In the document there is no any specification regarding the Land Cost and Construction Cost.

In my opinion, in the above case, both the capital gain attracted and Land Value Taxed by Long Term and Construction Value taxed by Short Term. And the Sale value considered by local Stamp Authority.

Am I right? please guide

My client received an interstate bill with CGST & SGST as against the IGST on the invoice, however even in GSTR-2A, credit under CGST & SGST has been received. How shall I proceed. Shall I book this as Inter-state expense or a local one..?

Sir / Madam,

One of Customer doing business of Rental Dress and Costumes under SAC code. 997326 in gujarat. For Registration in GST which Basic limit of turnover for registration taken. And another question is Can he go to composition scheme under GST? if yes then which % tax rate to apply??

Please Answer me as soon as possible.

Para 6.15 (b)of FTP permits disposal of destroyed materials from EOU into DTA upon payment of applicable taxes under GST laws.

We (100% EOU) had some imported raw materials, which were rejected due to quality issues and as per the above FTP provision, we destroyed the same after intimation to Customs authorities and were about to sell it as scrap in the DTA on payment of GST on scrap value.

While checking on this, the DC, MEPZ is of the opinion that we need to discharge the Import Customs Duties (duty foregone) applicable on the Imported items, even if they are destroyed. The FTP says "........No duty shall be payable other than the applicable taxes under GST laws.......".

The FTP Para is for "Sale of Unutilized material", which confirms material can be sold or removed.

Please confirm if the Customs Duty has to be discharged, even if the imported material (rejected) is destroyed beyond use. We are willing to pay applicable GST on the scrap value.

Please let me know if any further details are required. Thanks very much and would appreciate an immediate response from the experts.

Rgds,
JB

Dear Experts

I am Transfering Furniture to One Party on Rent. Total Furniture Value is 2 Lac Rupees. I need to know should I prepare E-way bill for same? And if Yes then What Amount to be show Furniture Book Value or Rent Amount.
& @ what rate GST to be show.

Please guide.
Thanks

as i have started my articleship on 24th april 2016 , as per this date my articleship will be completed on 24th april 2019 n my due for final exam is nov, 19. But i betwwen these year i have taken leave for 713 days. I also make transfer as on 2nd may, 2019 . then what is my due date for final exam.

Dear Sir
Please clarify the following
My client was regular taxable person in 2018-19 financial year. Then now 2019-20 he is a composition taxable person.

My question is the march 2019 carry forward input tax can available next financial year 2019-20

Dear Expert,

I have booked a under construction residential flat on March 2018. Have already paid 40% of the payment and the GST of 12% as on March 2019.
Now need to pay the remaining balance to the builder. My queries are :
1. What GST i have to pay, is it 12% or 5% (on rest of the amount)?
2. Would i able to claim the total GST which i have paid and want to pay for the flat, as i have a valid GST number.

Hi all,

Is it mandatory to have Plan Assets for employee benefit (Leave encashment)?

Dear Experts,
Pls guide can we avail the ITC of air conditioner and Refrigerater used for office purpose.... does section 17(5) of cgst act. Restrict the same.....

Thanks
Karan