Dear Sir/Madam,

Facts of the Case: An individual is running hostels and showing the same as Profits & Gains from Business and Profession under Income Tax Act, by preparing Profit & Loss Account.

The total rooms are 125. In 70 rooms 3 persons stay and in remaining rooms 2 persons stay. The total collection is 2.40 Crores.

Question: Now will GST be applicable. What is the basis of deciding whether GST is to be charged or not. Further, the limit of 1,000/- per room is related to this in which sense.

Regards

Dear Friends Good Morning.
One Of My Client Filed His Returns With Apprx 2 Lakhs Refund As On August 2018 But Till Not Get It.
Is There Any Further Process For Return Filed Immediate Processing?
Pls Give Your Reply For My Client Immediate Refund Crediting..
Thank You.

Hi,
Please guide me how to amend the invoices which was wrongly posted in B2B for the month of July 2017 to B2C.
Please clarify whether any option in GST.

Please reply back immediately.

Dear Sir,

I wanted to know if a company has manufactured a machine at their premises and given it as a donation to a Charitable Institution and the Institution is ready to give a letter that they have received donation from the company.. Will the GST be applicable to such supply, if the company is registered under GST.

Regards,
Divyesh Jain

FOLLOWING ARE CONTRACTOR INVOICE
1) 20000/- 2) 15000/-
BOTH INVOICE DATE IS SAME. PAYMENT MADE NEXT INVOICE DATE
RS.35000/-. MY QUERY - IS TDS ATTRACTED FOR ABOVE INVOICE.
PL.GUIDE WITH EXPLANATION

Company purchased foreign currency and accounted same as Foreign travelling expenses of directors by passing a board resolution that directors are allowed to use upto 500$ per day for as travelling expenses

When subsequently the director sold the foreign current whether the same to be credited to Director travelling expenses or profit/loss on foreign currency to be accounted separately

Regards & Thanks

A section 8 company in India gets donations and funds to carry out its NPO/NGO activity. Donations and grants it received, are taxable income?

A SUPPLIER IS SUPPLYING GOODS ALONG WITH VALID TAX INVOICE.
HE IS FILING GSTR 1 ON REGULAR BASIS.
HOWEVER HE HAS NOT FILED GSTR 3B YET FOR LAST 6 MONTHS.
I AM PAYING HIM INVOICE AMOUNT WITHING 180 DAYS.
AS A BUYER, CAN I AVAIL ITC ON SUCH INVOICE IF HE HAS NOT PAID TAX AND FILED JUST GSTR 1?

I am in possession of a land but dont have any ownership right , Now builder wants to redevelop that land and in settlement he agree to give me a Flat against this land which i have in my possession.
whether i have to pay any capital gains tax on the same or whether i can claim deduction U/s.54F of Income Tax act

What will be the taxability of unregistered Charitable Trust?
If corpus fund is created for the educational activities and the same is also one of the objective of the trust then can it be utilised for scholarship to students?