Dear Expert,

I have downloaded Form 16 part B file from TDSCPC.gov.in and tried to convert it using conversion utility but '0' files are getting generated. How to solve this problem. I am attaching DSC for digitally signing it.

Sub: Un-priced Technical Price Schedule vs Encrypted BOQ Template Price Schedule – Taxation Clause – Request – Reg.

Sir,

Humble request to Experts for clarification on the issue of Tax applicability Clause:

Ours is a small scale MSME laboratory established by unemployed Graduate Brothers in Vizag district running on shoe-string budget. We were awarded AMC work by one institution during Dec 2020. Against submission of 1st Quarterly Tax Invoice, the approving authority replied that “As per the Agreement Page no: 38 &39 All quoted rates are inclusive of GST and the same were accepted by you. In this regard kindly submit the revised invoice with inclusive of GST Amount”.

In order to facilitate, kindly find below the contents of pre-existing factors for your kind perusal.

PAGES 38 & 39 SIGNED TECHNICAL DOCUMENT COMPRISING PRICE SCHEDULE

Sl. Item Descrip- Qty Units Rate inclusive Total Amt inclusive Total Amt
tion of all taxes of all taxes in words

BOQ TEMPLATE PRICE SCHEDULE
(This BOQ template must not be modified/replaced by the bidder and the same should be uploaded after filling the relevant columns, else the bidder is liable to be rejected for this tender)

Sl. Item Descrip- Qty Units Estima Basic Rate Total Amt Total amount
tion ted Rate in fig to be Without in words
entered by taxes in
the Bidder Rs. P

During this pandemic situation services rendered for “EXCLUSIVE OF TAXES“ would become a great blow on our financial stature. It may kindly be noted that Technical Bid document page 6 wherein it was indicated that “ Please note that Rates should not be quoted in the Technical Bid. Only Commercial Bid should indicate rates and should be uploaded on e-procurement portal."

Learned Experts are requested for issue of suitable directions since Rates Quoted on the basis of BOQ Price Schedule (without Taxes) Clause. Your valuable directions not only helps us to come across financial crisis but also helps us to render services without any encumbrances.

Look forward to receiving your valuable suggestions. Thanking you Sir, in advance.

Best regards,
Yours faithfully,

DSA Rao

Dear Sir/Madam

We are Gst registered Sole proprietorship concern providing security services to our clients through third party security agency. Security agency being non body corporate raise Rcm invoice on us and we raise Rcm invoice on our client being Gst registered person located in taxable territory.

As per Sec 17(2) read with Sec17(3) ,among other things, input tax credit is not allowed if the outward supply is chargeable under reverse charge. Due to this we are loosing input tax credit paid under rcm even in case of trading of service which should not be the motive of the Gst law.

IMPACT OF CASH FLOWS DUE TO INPUT TAX CREDIT BLOCKED UNDER SEC 17 (2) & 17(3) OF THE CGST ACT,2017 IN RCM CASES
DOCUMENT TYPE PARTICULARS RCM CASE (Rs) FWD CASE (Rs)

SECURITY SERVICE BILL TAXABLE VALUE PAID (100,000.00) (100,000.00)
GST ON RCM BASIS PAID BY
ME TO GOVT (18,000.00)
GST AS PER BILL PAID TO VENDOR (18,000.00)

SECURITY INVOICE
WITH MARGIN 50,000 TAXABLE VALUE 150,000.00 150,000.00
GST PAYABLE BY CLIENT -
GST AS PER INVOICE 27,000.00
NET GST PAYMENT TO GOVT
UNDER FWD CHARGE (27000-18000) (9,000.00)

NET CASH FLOW 32,000.00 50,000.00
DIFFERENCE IN CASH FLOWS (50,000-32,000) 18,000.00

COMMENT: THIS IS DUE TO NON AVAILABILITY OF INPUT TAXCREDIT PAID UNDER RCM WHEN THE OUTWARD SUPPLY IS NOT TAXABLE AS PE SEC 17(2) &17(3) OF THE CGST ACT,2017.THIS IS SERIOUS CONCERN AS INPUT TAX CREDIT IS GETTING BLOCKED EVEN IN CASE OF TRADING OF SERVICE.

We are having one property at Maharshtra having with 7 legal hairs .

Out of 7 legal hairs 5 are residing at Gujarat . ( one mother , son and three daughters.) . The son and 3 daughters wish to relquishment of their legal rights., so that three legal hairs can sale the property.
My question is ..
1) Whether the legal hairs can do relquishment of rights ( registered ) at Gujrat ? , and copy of which we can submit to city of Maharashtra?
2) The legal hairs dont wish to come at Maharashtra?
Please guide .

We made sales to a GST registered party but mentioned unregistered in E-Way bill. Now is our sales valid. Please clarify?

Sir,
May kindly be clarified the following:
Signed NIT Technical Unpriced Format says "Price inclusive of Taxes" That according to Encrypted Price Bid column BOQ Rates without Taxes. Changes incorporated in the BOQ format, if any, leads to invalid.

May kindly be advised invoice submitted for the service rendered for attracts " inclusive of tax OR exclusive tax".
May kindly be advised the tax implication.
Best regards,
snmurthykala@gmail.com

Respected Sirs.

How to download 26-AS from the portal of income tax site ?

Please guide me and oblige.

Sir,
A gst registered edible oil whole sale and retail business dealer sales of annual turnover rs:3 cores above previous last 3years.
Question:
Dealer tds and tcs both sections applicable for sec 194q and sec 206 c in it act.

Hi, We are a startup and provide software services to companies outside of India. Currently we are receiving our payments from US, UK and EU and we are paid via swift transfers in our Indian bank account. We also have outgoings in USD as some of our freelancers are based out of the US , Ukraine and Poland
We lose out a lot on FX conversions and our clients prefer to pay us locally in their own countries. So I was hoping you could advise:

1. if we need permission to open an overseas bank account to receive payments in US and UK local via local bank transfer? or what do we need to consider before opening a bank account overseas ?
2. We have come across a company that can offer overseas accounts to an Indian based company. Is holding an electronic money account overseas by an Indian company legal? the e-money account is opened with an Electronic Money Institution regulated by overseas regulator. They transfer the money deposited by the account holder to a tier-1 bank. This is called safeguarding.
3. We would like to collect the payments overseas in this e-money multicurrency account. Thereafter, we wish to pay the freelancers located abroad directly from the overseas account and remit the remaining money back to our Indian Bank Account. The money is received in India through an RBI approved OPGSP who has tied up with the multi-currency account provider.
4. do we need to be registered and recognized as an Exporter under Foreign Trade Policy? What if, we have been conducting our business so far without having to register our company as an exporter in India? Are there any legal implications? we offer software support services to overseas buyers/clients who then transfer our fees/charges/payments through normal banking channels to our Indian current account. recently, we thought of using Payoneer to receive money from our overseas clients, but they asked us to declare that we are duly registered as an exporter in India

Hello Experts,
I have applied for revocation of cancellation on 06th December 2020 with relevant documents.
Registration was cancelled due to non filling of returns.
Till date its showing pending for processing.
What to do now ?

Thanks in advance