Under REP Project(100% Commercial) do developer require to pay GST(RCM) for area allotted to Tenants under barter system. Though as per GST provisions recognise such transfer of development rights as a ‘barter,’ which is a taxable supply. This builder pays this levy at a later stage, it is paid at the time of first occupancy or receipt of the completion certificate. whichever is earlier. However, The builder also incurs GST during the construction phase which according to the industry averages 18%, for which no input tax credit is available. For example, the GST paid by the builder on cement or…
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Sir, This issue is relating to GST Act, the query is as follows. The dealer is registered under GST Act, and initially was registered as Regular assesses, after a period of 3 to 4 months the dealer switch over to composition scheme in 17/18, the dealer was using a software named Busy software, while programming the developer had in inadvertently had programmed as regular registered dealer and made a bifurcation of sale consideration as BASIC + CGST + SGST , but in fact the Dealer was into composition scheme, The dealer was filling CMP 04 every Qtr reflecting the sale…
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sir, A Gst registered dealer regular scheme registred in gst act. April to septemer-24 sales turnover declared in gstsr3b rs:60 lacs previous years april to septemer -23 sales turnover declared in gstsr3brs:80 lacs .if gst officer visited dealer prinicipal palace sale turnover campared turnover shortfall reasons asked. Query: Gst officer turnover compared reasons asked provisions in gst act.
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Dear Experts, In one of the cases the department has allowed 30 days time time for payment of demand as per order in DRC07 passed under section 73 but time limit for filing appeal under sec 107(1) is 3 months. If one intends to file appeal after 30 days, the department may initiate recovery proceedings but the time limit for filing appeal has not yet expired. Whether we need to file any application to the department that though 30 days time for making payment of demand has expired, we shall be filing an appeal under section 107(1) within 3 months…
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Assessee is a company who has leased a car for its employee. The lease is in the name of company & the lease + other charges are paid by company. No amount is recovered from the employee. Is the GST on the lease rent & other expenses on the lease is available for ITC or not by the company?
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Sir, I made an export sale in the previous year but showed as B2B sales in GSTR-1 and tax paid on such export sale. In order to claim the tax paid on such sales I showed the tax amount as input tax credit and claimed credit. Now, the department has raised demand of such amount. Please provide some solution.
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SIR, வணக்கம்.நான் ஒரு ஆன்லைன் கேமிங் நிறுவனத்தில் விளையாடி ரூபாய் 6 லட்சம் வரை இழந்திருக்கிறேன்.அந்த நிறுவனம் மோசடி செய்கிறது என்பது எனக்கு தெரிகிறது.நான் போன 2023-24 ல் நான் அவர்களிடம் கட்டிய பணத்திற்க்கு 28 சதவீதம் GST அரசாங்கத்திற்க்கு கட்ட வேண்டும்,அதை அவர்கள் ஒழுங்காக கட்டியிருக்கிறார்களா என்று RTI ல் எந்த சட்டத்தின் படி கோரிக்கை வைப்பது மற்றும் நான் விளையாண்ட போட்டியில் ரூபாய் 10000 த்திற்க்கு மேல் வென்றவர்களிடம் 28 % TDS பிடித்து அரசாங்கத்திற்க்கு கட்ட வேண்டும்.அவர்கள் அதைசரியாக கட்டியிருக்கிறார்களா என்று RTI ல் எந்த சட்டத்தின் படி கோரிக்கை அல்லது மனு வைக்கலாம்.மேலும் நான் கலந்துகொள்ளாத போட்டிகளில் அரசாங்கத்தின் TDS ஒழுங்காக கட்டியுருக்கிறார்களா என்று கேட்கும் உரிமை எனக்கு உள்ளதா என்பதை தெரியப்படுத்தவும் நன்றி D.Kalyanakumar
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whether a pan masala and tobacco trader who assemble pan on its own then does it amounts to manufacturing of pan masala or it is amounts to trading of pan masala
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Composition scheme for kirana store as 1% to be paid on Tax Free goods also as rice dal wheat.
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Assessee is an individual engaged in business of trading and registered under GST , the has taken the High Value Car on lease for 10 years , whether he can claim the credit of GST paid on lease rentals .
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RCM TO PAY BY DEVELOPER FOR SHOPS TRANSFER AS BARTER TO TENANT AT THE TIME OF FIRST OCCUPANCY RECEIVED