Ques:924 : Is GST registration required for sale of paintings held as personal capital investments and income tax is paid under head Capital gains on such sale.

Ans: Even if painting is held as capital asset unless the same is not sale as personal asset, the same will be disputable to tax. One Need to understand complete facts to final words 

Ques:923: CONSULTING FEES FOR ORGANISING PRE-IPO PRIVATE PLACEMENT OF EQUITY TO INVESTORS HSN CODE

Ans: The consulting fees for organizing pre-IPO private placement of equity to investors should fall under HSN Code 9983, which covers “Other professional, technical and business services” including financial consultancy services and investment banking services.

Ques: 921: GST rate cut – 53rd council meeting – Effective date

Ans: It will be notified