WHAT IS THE RATE APPLICABLE TO A CANTEEN IN A CINEMA THEATRE. ELIGIBLE FOR COMPOSITION SCHEME AT 1% OR 5% AS A RESTUARANT

Dear Sir,

Our some customers cross the limit of TCS Rs.50 Lakh in current Financial year. And our some ledger have a balance receivable with customer as on 30-09-2020.

We had been starting to charge the TCS on customer invoice whose receivable amount more than 50 Lakh in current financial year.

Now, i want to know about that, should we charge TCS on balance receivable from customer as on 30-09-2020?

Kindly revert asap.

Contract including material and labour for civil, electrical fittings and furniture are given to a contractor
The contractor will charge GST on his bill.
Can ITC credit be taken on above bill
If answer is no then in which way GST credit can be taken ?

What if a firm opted for 44AD in FY 18-19 and its turnover crosses 2cr in 19-20 and liable for tax audit. Can the provisions of presumptive taxation be applied in 20-21? Or benefits under this section disallowed for subsequent 5 years?

Dear sir,
I have one doubt regarding TCS on sale of goods. Our company ABC ltd sell the goods in oct'2020
Rs.2 crores to XYZ ltd.. and XYZ ltd sell the goods to ABC Ltd Rs. 1.8 crores . in this case XYZ ltd set off payable amount against Receivable amount Rs 1.8 Crores, and Balance amount Received From XYZ ltd is Rs 20 lakhs.
In this case TCS Should be collected on what amount by ABC Ltd.
1) Whether it should be colleted on entire Rs 2 crores ..?
or
2) It should be collected on only Rs 20 Lakhs...?
3) whether TCS provision is applicable or not (Because amount received is below 50 Lakhs upto oct'2020)

Please Reply me as soon as possible.


Thanks in advance,
Regards,
Bheema Reddy.

if 50% local sale and 50% export out of India against LUT sales.
can we claim full igst paid on imports used in both sales or only 50%?


i feel only 50% of total igst paid in imports (that can be said that were used in exports out of india) should be claimed as gst refund. am i wrong?
regards, ca kunjan, mumbai

Sir I have a query on ITC on Inputs for the year 2018-19.My client had claimed/availed and utilized ITC on input in the year 2018-19.Complied condition of Sec 16(2) and Rule 37 of CGST Act,and Rule . Supplier had filed his GSTR-1 on 18/08/2020 for the month of Feb-2020 and disclosed transaction of year 2018-19 after cut off period of Oct-2019.(System Generated Annual Return form-9 )
Q Have I required to reverse ITC along with 18% Interest (Tax amt.is 3.5 Lacs

We are manufacturing compressed blocks using saw dust, scrap generated from planning of wood by using resins (hardening agent) . These blocks are used in manufacturing of pallets/packing items.

What would be GST rate and HSN code for this item ?

Please advise.

Is Adjusted total turnover is for the year or for the tax period for which refund is sought?

Ex I am applyiing for the refund of june 2020 then adjusted total turnover is only for june month or april to june month?

Sir
We are going paid advocate fees
Along with his miscellaneous exp.
10000 Advocate fees plus 4000 misc. Exp.
Can we are liable to pay RCM on miscellaneous exp.
Please guide us