A person purchase a resential flat for Rs 75,00,000/- in 2007 & sold the flat in 2017 for 1,20,00,000/- and purchased a new house for Rs 2,11,00,000/- in 2017 with housing loan of Rs 1,70,00,000/- besides this he already has another house purchase 20 years back. is the person elgibile for capital gain exemption??

i wanted to know if a saving bank A/c (proprietor personal) was not accounted last year.. but his year i want to account the same.. what is the neccesary adjustment or entery to open the Account??

SIRS

HOW TO PREPARE TRANSPORTERS INCOME TAX EFILING FOR THE AY 2017-18. THEY EXEMPT FROM GST. BUT HAVING GST NUMBER. SO FAR GSTR-1 NOT FILED, PLEASE LET ME KNOW HOW TO FILE THE GSTR-1 AND ALSO INCOME TAX. GSTR-E B FILED AS NIL RETURN.

PLEASE CLARIFY.

I have query regarding the Turnover details as per GST return asked in the Income Tax Return. Should we Put the whole year turnover in that column as we have declared our April 2017 - June 2017 sale in GSTR1 or should show only July 2017 To March 2018 sale only.

We have taken gst number . Is it mandatory to charge gst in our invoices ? we are not charging any gst in our invoices . is this correct?

we are also availing transport servies from various transporters and we are paying gst under reverse charge .

wats the correct procedure to be followed in case of transporters.

We are into logistics business. We are issuing invoices without charging gst since gst has to be paid by opposite party on rcm . I have following queries"
1. In gstr 1 where should this income be included I return.
2. The colleague who was handling gst has included the said income under various heads in gstr3 b since last year since there was confusion in determining the head under which it has too be included. Kindly advice under which head will it go.

3. I have missed out invoices last month in gstr3b return can i include those in the current month.

Pl advice

We have to pay interest on loans taken. Have we to add gst on that Advice which of the following 2 options

1. Interest 1,00,000
gst 18,000
total 1,18,000
tds @ 10 % 10,000
to pay 1,08,000

Option 2 Interest 1,00,000
tds 10,000
to pay 90,000

Pl advice.

Mona

We have to pay commission to agents both registered as well as non registered. We are registered dealers. GST applicable according to me is 18 %. Kindly let me know as to who is liable to pay gst in such cases.

While determining the applicability of rotation of auditors what is the year that we should look into for applying the limits of Share capital (10 crores/50 crores) and Borrowings (50 crores). Also once we look into the limits and it satisfies does it mean that rotation is applicable for the lifetime of the company?

While filing gstr3b I paid IGST instead of cgst n sgst , but filled gstr 1 correctly showing liability as cgst n sgst and in the next month while filling gstr3b I paid the cgst and sgst liability.
Now since I have paid double GST first wrongly IGST and then cgst .
So, I need clarification regarding the following
1) since in next month I have output IGST liability can I file gstr3b without paying tax since it is wrongly paid in the preceeding months .
2) if refund is the only option how to apply for it since for online refund application there is no option of wrongly paid IGST on gst.gov.in