sd. aleem
01 October 2020 at 15:36

GST on sale of Used Motor vehicles

Sir,
I have purchased a lorry on 01.07.2016 and sold it on 31.07.2019 with a profit of 3 Lakhs. No cenvat credit availed on purchase. Whether GST applicable on it? If yes, what is the GST rate ? On which amount GST is applicable?


Udaya Kishore
01 October 2020 at 14:43

Gifts by NRI

Please clarify whether there is any restriction on the amount of gift given by NRI to his relative Indian Resident. I understand that under the LRS a resident can give gifts upto US $250000 in one F.Y. I want to know whether there is any such upper limit for NRis also, in India or USA.


Bernard
01 October 2020 at 13:08

Individual IT

Dear Sir,

What is Seventh proviso to section 139(1)?? a salaried person amounting to Rs. 450000/- need to file 'Yes' or 'No' while filing IT Return. Please explain....


Janki Pithadia
01 October 2020 at 12:51

Section 206(1C)

whether TCS u/s 206(1C) will be Levied on Basic value plus GST amount or only on the basic amount ???
any clarification regarding that issue???


Dipak Yeshi

I have IT company and I Have provide IT services on USA and UAE with GST export invoces. So my questions is , Is any TCS and TDS applicable from 1st oct 2020 on foreign remittance received from client. I have received 30lac in previous financial year and current financial year I have receive 25lac INR in foreign remittance.


CA VENKATASWAMY

Hi all, What is the basic exemption limit for Trust not registered under sec 12A ?

Donations and Contributions received from trustees only then under which head it was taxable, what expenses are allowed as deduction from these donations ?

Which ITR form is to be filed in the case above Trust not registered u/s 12A ?

Assume total Receipts not exceed 20 lakhs


Income Tax Helpdesk

SIR,
I HAVE RECEIVED SUBSIDY FROM NABARD FOR CONSTRUCTION OF RURAL GODOWN LAST YEAR. THE GODOWNS WAS LET OUT SINCE BEGINNING AND I AM SHOWING INCOME FROM HOUSE PROPERTY.
IS THE SUBSIDY IS TAXABLE OR NOT THIS YEAR??

PLEASE EXPLAIN AS I HAVE TO FILE RETURN FOR THIS YEAR.


Monika Khadayate
30 September 2020 at 21:19

Journal entry

6. Sales Invoice towards Professional Fee of Rs. 45000 including GST. Provide the details journal entries with considering the GST and TDS.


Vishnu priya
30 September 2020 at 20:33

New Registration

I have applied for GST registration for LLP. I have given information of one partner who is also an authorized signatory ,in registation form. However i got a notice for
"Promoters/Partners - Identity Information - Others (Please specify) - Details of partners if any".
Is this notice given,because details of only one partner is given ? And if i want to add a partner now, where will i have an option to add?. Or else, Is this notice is because of some other issue?.
Please guide me. It is very urgent..Please


Sujit Kumar Sahoo

Dear Sir,

I have received Rs. 15,63,286/- from a private limited company towards custom duty payment in ICE Gate on that organisation I am working as an accountant.Can I deduct t.d.s towards municipality taxes payment and custom duty payment which amount I have received in my personal bank account.





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