soorej

For Sales through e-commerce, we are liable to pay commission....In our case, Commission is deducted from the Gross Receipt itself and only the balance amount is paid to us.... TDS at 1% on REVENUE is deducting by ecommerce operators

are we liable to pay TDS on COMMISSION to ecommerce operators . ....


sunder r
12 October 2021 at 15:17

Input tax credit for purchases

Contractor ‘A’ undertakes work contract of road laying on behalf of government agency. Total value of the work contract was Rs. 1.00 crore exclusive of GST. While making payment to the contractor the Agency pays Rs. 1.00 crore towards value of the contract and 12.00 lakh toward payment of GST (12%). For laying road, the contractor utilized materials viz., Cement, steel, bitumen etc., costing Rs. 60.00 lakhs which include payment of GST of Rs. 9.80 lakh (approx.) My questions in this connection are as under:
1. Whether ITC (under GST) is admissible to the contractor for GST payments made by him towards purchase of Cement, Steel, bitumen etc.,
2. Should the Government agency take into consideration of ITC availed by the contractor and release only the difference towards GST i.e. Rs. 12.00 lakh minus Rs. 9.80 lakh?
Experts may please clarify. Thanks in Advance.


Reena

We are an authorized dealer for TATA MOTORS Passengers cars, We should pay sum amount in advance to Invoice the vehicle. They are giving Interest at the end of the month for what is the balance amount available with them. For this Interest they deduct the TDS also.

Please confirm that we should pay the GST for that interest Amount.


Neha

Dear Expert
Please guide on following matter. A partnership deed was prepared and firm was formed in 2016 and a PAN made with year of formation 2016.
Now by mistake Partnership Deed misplaced due to shifting of residence.
How to make amend for this.

Please provide help do I have to surrender the PAN.
Or do I have to get a New Partnership Deed made. In case of new Partnership Deed what points are to be included in it.

Thanks in Advance


CA Parul Saxena online

While i am trying to upload excel file a message displays as quarterly filers you are allowed to import only B2B,B2BA,CDNR and CDNRA..
quarterly filing is to be done...but why this type of message is there and as a result file is not uploading..


Deodatt S.Kulkarni
12 October 2021 at 13:13

Gift paid

Dear Sir,
I have Query regarding Gift paid by Mother -in- low (Age 80) paid to her daughter-in-law of a Jewellery of Rs.100000/- . Both are running a Proprietor Business. How to Give Treatment in both books of account ...Is this Un Secured Loan or What...


Patel
12 October 2021 at 11:41

Intraday Shares Trading ( Speculative )

How to show speculative Intraday Shares trading profit and Loss in ITR-3 of Account maintain case. Please specify particular column in ITR-3 as Account maintain case.


Sukhveer Singh
12 October 2021 at 11:38

Banks under Shops & Establishment Act

Whether the bank is required to register itself under Shops & Establishment Act?


Laxmikant


We have laredy OD Ac in A Bank now from last two month we have opened Escrow AC in A bank also. Now A bank send a letter to closed Escrow AC which already in A bank.
Bank refer RBI guideline. My query any such guidling from RBI

L D Dharmadhikari


Vinodita Peela
12 October 2021 at 10:50

Firm chit commission Income

Whether the chit commission received from business of chits can be offered at 8% profit?





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