As per recent notification from GST, the hotels are required to charge 12% if the room rent is less than 1000 per day.

https://www.cnbctv18.com/economy/gst-council-meet-hotel-rooms-below-rs-1000-per-day-to-attract-12-percent-tax-13971862.htm

Scenario 1 - In case, we bill directly to Students or Working professional.
Property type - Residential
a. Does this apply to Hostels as well?
b. If No, what HSN/SAC code to be used for Rental invoices

Scenario 2 - In case, we bill directly to Students or Working professional.
Property type - Commercial
a. Does this apply to Hostels as well?
b. If No, what HSN/SAC code to be used for Rental invoices

Scenario 3 - In case, we bill directly to Private Limited companies who pay for their employees. Property type - Residential
a. What GST percentage we need to charge to the companies 12% or 18%.
b. Will this be exempt in this case?
c. What will be HSN/SAC code to be used.

Scenario 4 - In case, we bill directly to Private Limited companies who pay for their employees. Property type - Commercial
a. What GST percentage we need to charge to the companies 12% or 18%.
b. Will this be exempt in this case?
c. What will be HSN/SAC code to be used.

I would request your expert thoughts and directions on above scenarios

I am a gst registered person and paying rent of Rs1924/ for my resident. Will I have to pay reverse gst on rent from 18/7/2022.please clarify in details the notifications?

I AM A DIRECTOR WITH A COMPANY WITH 5% STAKE .. REST IS WITH 2 OTHERS .. LAST YEAR THEY DECIDED TO CLOSE THE COMPANY .. BUT I WANTED TO TAKE IT FURTHER AND ASKED THEM TO TRANSFER THE COMPANY IN MY NAME .. IT WAS AGREED .. THERE IS SOME PAYMENTS PENDING TO VENDORS N CLIENTS N AUDITORS WHICH WAS DECIDED IT WILL BE PAID BY THEM .. LAST 2 YEARS EVEN THE AUDIT HAS NOT BEEN CONDUCTED

BUT SINCE THAN THEY BOTH ARE NOT COMMUNICATING .. I DO NOT HAVE ACCESS TO ANY COMPANY PROCESSES OR EVEN BANKING .. IT IS A GUJARAT BASED COMPANY AND I WAS PLACED IN BANGALORE .. FOR SURE THERE ARE NO TRANSACTIONS HAPPENING AS OF NOW WITHIN THE COMPANY

ANY ATTEMPT TO CONTACT THEM HAS BEEN FUTILE EVEN THROUGH OUR CA AND AUDITOR ..

I WANT TO KNOW WHAT PROCEDURES I WILL HAVE TO TAKE

1. GET THE COMPANY TRANSFERRED ON MY NAME ( WITH NEW DIRECTORS )
2. IF I NEED TO COMPLAINT THEN WHERE AND TO WHOM SHOULD I COMPLAINT
3. I EVEN HAVE SOME PAYMENTS TO BE MADE TO ME BY THE COMPANY .. HOW DO I CLAIM THAT TOO ..

I am a proprietor in a firm, I took GST no. in the name of my Firm, do i have to furnish gst invoice which is not related to my firm ( I am receiving Rental Income and i am issue an invoice by my name not from my Firm ).

Kindly attach Circular also with your good answer.

Sir/Mam,

In the Month of June One shipping bill Assessed copy raised Invoice Date 30-06-2022 Shipping Bill Date 05-07-2022 as per this I have filed GSTR1 before due Date

Difference in Weight, they raised Let to Export another Shipping Bill No. date and exchange rate Difference so Value changed , Shipping bill No. and Date.

How to amend this GSTR1 Filed already,

I want to amend shipping bill No., Date , Value (INR) , HSN Value

Please kindly guide me amendment of GSTR1 and Assessed copy cancelled how to you know

Thanking you,

Form 10 B-Annexure I item 3, accumulation of income not exceeding 15% is to be reported; But in the official Form 10B downloaded from Income Tax portal, the item 3-says not exceeding 25 % of income xxx . Is there any amendment of Rules or this is a printing error? kindly elucidate . Thanks

Dear Sirs

One of my friend has sold a property (Flat) during FY 2021-22. He has filed ITR2, having a long term capital loss for the sales made.

Out of the proceeds received from sale of property he has gifted Rs.20 lacs to his mother being a senior citizen. This was deposited in her bank account during FY 2021-22. She has invested the same in some shares during the same year.

Now, whether his mother (Sr Citizen) have to file ITR. She has no other income.

Kindly advice.

Thanks.

Dear sir.
I filed last 3 year IT Return regularly . During the 21-22 , my income is below the taxable income, whether I need to file ITR Return.
one more , start my business in 19-20 and it closed 20-21.
during 19-20,20-21 if filed ITR Return of the business. during 21-22 no sales and purchase,
GST Registration also canceled. Whether I need to file the ITR Return.

In the both matter, I getting ITR Returning filling intimation in my email ID .
Please advise
With regards
Binu

LTCG on sale of shares is 275000/-. (which ware purchased after 31/01/18)

How to claim exemption of Rs 100000/- in ITR 2, as there is no column to fill the exemption ?

Land owned jointly by husband & wife sell this property. They are co-owners of another two flats at the time of sale of land. The capital gains received from sale of land can it be utilised to buy a residential unit individually.