Poonawalla fincorps


Aniruddha Telkar

Please give suggestion TAN IS REQUIRED FOR PARTNERSHIP FIRM OR WHY?


Kollipara Sundaraiah
10 September 2020 at 12:12

Input credit claimed allowed for truck tyre

A gst registered regular scheme dealer trading cement business.dealer used truck transport to cement business purposes.purchase of truck Tyre .
Question:
Dealer purchases of truck Tyre input credit claimed allowed in gst act.


lalit
10 September 2020 at 12:08

DIR-3-KYC

Director received approved DIN on 18/03/2020 and got appointed as a director in a private limited company on 20/03/2020
My query is , do he have to file full form DIR-3-KYC or only DIR-3-kyc-WEB before 30/09/2020

Please guide......................


suny
10 September 2020 at 11:51

AUDIT

sir : "x" person is a Distributer of Airtel Company. Mr. "X" Purchase Mobile Recharge & Top up Recharge Coupen From Airtel Company. Mr. "X" Sale of Recharge & Top up Recharge Coupen to Retailer Distributer. ( "Y" Party) & Mr. "Y" (Retailer Distributer) Sale of Recharge & Recharge Coupen to Last Custumers. Mr. "X" Collect Cash Amount from Mr. "Y" Against Sale of Recharge. Mr. "X" Received Cash Amount Deposit his Current Bank Account & this amount Paid to Airtel Company. this Service Against Airtel Company Paid Commission @ 1.25% Main Distributer (Mr. X) And @ 2.50% Commission Paid to Retailer Distributer (Mr. Y) In this Process Mr. "X" (Main Distributer) Collect cash amount from Mr. "Y" (Retailer Distributer) This Amount Deposit in Mr. X Current Bank account and this amount Paid to Airtel Company By Online Transfer Q. 1. Mr. " X" Persen Turnover...........? Q. 2 He is Liabel for Audit...........?


Rajesh
10 September 2020 at 08:28

Cheating by Regular Dealer...

I request all experts for your valuable advice.
1) Supplier of goods is Regular Dealer (RD) and receiver of goods is a Composition Dealer (CD) under GST.
2) RD issues kachcha bills (cash memo/challan like bills). It is not a Tax Invoice, but a bill made on a paper on which his name is properly printed.
3) He does not separately charge GST; but it is included in the final amount. However, he promises to issue a Tax Invoice only after payment is made against all outstanding kachcha bills.
4) RD does not issue Tax Invoice to CD even after clearing outstanding bills.
5) In GSTR4A, CD finds Tax Invoices worth only Rs.80 thousand out of total Rs.3 lakhs of kachcha bills of RD.
6) Though, CD is ineligible for input tax credit, RD is cheating CD as well as Government.
What could be done in such cases? Please advise.


satish kumar Chauhan
10 September 2020 at 06:54

RCM ON MAN POWER SUPPLY

Dear sir

I am a manufacturer and arrange the man power through a unregistered labour contractor and make the whole payment to contractor on the basis of working days for work done by labour.

My query is that in case any RCM liability is to be paid or not. If yes than rate of GST.

Thanks


SHEKHAR SALUNKE

I am a salaried tax payer, obtained form 16 too.
1, I have claimed the PPF amount upon the death of my wife in the month of march 2020.
2. I was given a demand draft and the same is encashed in my account, amount being 9 lakhs 45 thousand.
3. Immediately I have initiated two fixed deposits of 1 lakh and 8 lakh, in my sons name (Son aged 20 years), at his SBI account. Son is a student and has no income. He earns interest on the FD of the said amount.
Questions;-
1. Will the amount be taxable for me? if yes what is the tax payable, if no under what section should I claim exemption.
2. Will my son eligible for the said amount of the initiated FD? if yes what shall be the tax amount?
3. Will he have to file the ITR and what number is it ITR1. under which section should tax exemption be claimed for my son for his lifetime first ITR1?

I am to prepare and file ITR1 on my own at the efiling site.
Please guide me regarding my each query in detail.
Thank you,
Mr. Shekhar Salunke
email; shekharsalunke1@gmail.com


Shibani Bhargava
09 September 2020 at 23:22

SPICe+ form of OPC for resubmission

I have recieved the resubmission mail by MCA in the reply of submitting the form for making the following changes :
"Definition of OPC as per Sec 2(62) along with the definition of Private Company as per Sec 2(68) of the Companies Act, 2013 should be mentioned in INC-24 e-AOA."
How and where shall I make this addition ?
Please help.


arti lagarkha
09 September 2020 at 22:00

CA IPCC Group 2

I have submitted the form 109 in ssp portal for transfer. But by mistake I have submitted the blank form...So now what I have to do..
Can I get further chance to upload the signed and correct form or not.


Kollipara Sundaraiah
09 September 2020 at 19:51

Voluntary registered minimum tax

A dealer voluntary composite scheme new registered.
Question:
Dealer every quarter minimum turnover and tax pay show in cmp-08 composite return under gst act.