can long term capital gain be invested in capital gain bonds before expiry of 2 years of sale? I was thinking to buy property out of gain but now want to invest some where to save 20% tax. 2 year time is going to complete in next few months.to day money is with bank in capital gain a/c.what option of investments are available at this stage ?. kindly suggest early . I shall feel obliged.
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Sir,
One person selling to consumers ice creams composite scheme registered from 01.01.2019.
Sales turnover jan-march,2019 3 lacs.
Turnover 3lacs 5 percent tax payable 15000.
But tax 1 percent rs.3000 wrong tax paid and gstr4 return filed.
My doubt difference amount next quarter paid.
Sir, Basically We have a Construction firm and doing Small residential & Commercial Projects. We pay contract wages to Masons Monthly. Is TDS should be deducted for the Cooly ?. These Contracts do not have PAN numbers.
Interstate Purchase Some Item Damaged then Replacement purpose goods send , then can allowed composite dealer purchase return another state
dear sir, i am applied a pan which have some changes so i courrier the aadhar card and form (which have printed by nsdl site ( own filled )). and nsdl mail to me that we have received the documents and and above the 10 days same status that in process by nsdl.
Hi
B2b invoice missed in Feb 2018..also till mar 2019 GSTR 1 return fild. how to now declare feb month b2b. not declared as b2c also. but GSTR 3b was filed with required turnover and paid taxes
Sir/Madam we want to clarify whether following parties to whom we (Builder ) have sold Units in a Commerical building to foll parties & the Society has been formed & Maintenance charges bills are raised on them. Pls confirm whether they claim GST Input Credit in their GST Return or not.
Sold to
1) Mr X in individual capacity & he has given GSTIN of His Privated Ltd Co.
2) Mr. Y & Mr R seperate units ( in individual capacity) & both are doing partnership business & GSTIN of Partnership given.
3) Mr P & Mrs Q in individual capacity (husband & wife) both are Directors of Pvt Ltd Co. which is carried on that place & GSTIN of Pvt Ltd mentioned in mentioned in bill.
Pl be kind enough to clear my doubts.
nitin.acharya@rediffmail.com
Query 1: If a voluntarily GST registered person thinks that "upto 20 lakhs limit, there is no GST" and files returns under zero rated, even though turnover did not exceed 20 lakhs for the financial year, what is the remedy?
1. Only intra state taxable services
2. Turnover lesser than 20 lakhs
3. Did not collect any GST nor raised any Invoice
4. No ITC availed
Query 2: If liability arises, whether declared turnover can be considered as inclusive of GST, resulting in
"Turnover declared in GSTR = Taxable turnover + GST at 18%"
Dear sir,
We have received invoice from courier agency to supply courier service to Japan.bill is raised on our delhi office and vendor is also from delhi location.however he charged IGST on the said bill.
My query is whether we can take input tax credit on the said invoice?
Please reply in urgent.
Thanks in advance.
Harshal Raval.
F&A
As per ICDS - Cost of Inventories shall include all purchase costs, service costs, conversion costs and all other costs which is incurred to bring the inventories to their present location and condition.
Purchase cost shall include purchase price inclusive of duties and taxes, freight inwards and other expenses directly related to purchase. Trade discounts, rebates, etc. will not be included.
So the Duties and taxes to be included in inventory as per ICDS.
So if I am having raw material in stock say of Rs.100 and GST charged on it is of Rs.18.
What will be the valuation? Is it 100 or 118?
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Investment of long term capital gain