Sir, One of our client is starting a coaching classes for that purpose he will hire faculty from outside India and the students too will be from outside India. The Students will deposit the fees in our bank account and we will pay the faculty there charges. For this will we be liable for GST on import of services and taxable @ 18% and for export of service we can file LUT is our procedure correct. and claim the refund of IGST Paid on reverse charge. or can we charge IGST on export of service and claim it as refund.

Dear Expert,
We have raised a GST Invoice on 26.06.2019 and shown in GSTR-1 and paid the GST amount in the same month.. but later the service which we provided against the invoice was failed and it had to be cancelled..
Can we take credit note for the transaction and effect the same in GSTR portal ..

Kindly do the needful

Dear Sir,
We had paid an amount of Rs. 5000/- as RCM (transporter) and showed the same in return of December 2020. Now, during the return filing for the month of January 2021, when i take the ITC of Rs. 5000/- it shows RED. Please advise.

With best regards,

Vijay

Hi
Ours is small private limited company and comes under 5 crore above turnover company. As per recent GST rule, all 5 Crore above turnover company have to raise their invoices as E invoicing for GST. At present we are using Tally and we may have to take E invoicing module from Tally. But my query is we used to prepare invoice in foreign currency and will send it to our customer. The same foreign currency invoice (export sales) will be converted in INR value and used to account in tally as Export sale. So our invoice will have foreign currency and our banking account details. If we have to raise E invoicing in Tally, can we have the customized invoicing option ? Is any one has similar invoicing system. Please suggest which software is convenient for E invoicing.

Sir,

I am paying house rent monthly for Rs.9000/- (Rs.3000/- each for 3 houses) from July'2020 onwards. Still we are not deducting TDS for the same. What is the ceiling limit for TDS on Rent for Individual? please update me immediately.

Respected Sir/ Madam,
till today we have been deduction RCM on all URD transactions with our company and claiming same in next month ? I know RCM on URD is no more applicable now.. what are the consequences of wrongly paying and claiming back RCM on URD transactions??

Dear SIr/Madam,
A new private Limited Company (Small Company) was incorporated in Jannuary 2021 with Mr.X as director, Mr.Y as managing Director and Mrs.Z as director. Now it came to notice that designation of Mr.X and Mr. Y was wrongly stated in MCA eforms at the time of incorporation; Actually Mr.X was required to be reported as Managing Director and Mr. Y as director.
Now to change the designation, which meeting is required to be held-Board Meeting, EGM or AGM ?
MCA Form DIR-12 is to be filed within 30 days of change in designation and since it does not prescribe any specific attachment relating to change in designation, Which documents should be provided as attachment to DIR12 form. Can single DIR12 be filed for interchange of designation of Mr.X and Mr.Y?

Kindly do the needful at the earliest.

Thanks and regards.

Do you think Chartered Accountants are losing their charm in India? CAs are going unemployed these days or underpaid. I am not getting the same respect as I used to get when I entered in CA.

Please let us know whether we have to make payment on monthly for composition scheme registration.

sir,
A gst registered cloth manufacturing dealer some cloth raw material sending to other gst registered dealer for job work purposes value Rs:50,000/-.
Question:
1. Dealer above transcations show procedure in gstr3b return.
2.E-way bill compulsory or not.
3.Job work invoices issued compulsory.