Bskskb
05 March 2020 at 15:35

Treatment of fees paid for SH7

Existing company has increased share capital and paid roc fees for Sh-7 i.e. Paid stamp duty and fee for Sh-7. Either the duty can be claimed as revenue expenditure or expenditure under 35D


Surinder
05 March 2020 at 14:59

Loss by Fire


Dear Sir
Goods damage due to fire. i have made the below entry in books ( tally)
Loss by Fire 16230/-
Purchase a/c 14440/- Cr.
IGST Input 1790/- Cr.
Please advise it is right method or wrong also please suggest how to reduce stock item wise in tally


KINJAL GIRISH PARMAR
05 March 2020 at 12:49

Section 194H Limit of Rs. 15000

What if I have deducted TDS on Commission on first payment which exceeded 15,000 & then my subsequent payment was less than Rs. 15,000.
Am I liable to deduct TDS on subsequent payment also?


ANIL MATHUR
05 March 2020 at 11:54

CREDIT NOTE FOR REBATE

Can we issue a credit note without charging the GST to our customer on account of Rebate on performance Basis.


sanjeev singhal
05 March 2020 at 11:50

Pvt. Ltd. company converted to LLp

Our Pvt. Ltd. company got converted to LLP in February 2020. The Pvt Ltd. company was having carried forward losses , TDS for current Financial Year , Fixed Deposits, Property, and Bank balances. We have taken New PAN for LLP, and open new bank bank account.
Please Advice:
How to claim the carried forward losses of the Pvt. Ltd. company in the hands of LLP, since Pvt. company is no more in existence as per MCA. How to claim the Deferred Tax Liabilities of Pvt. Ltd. company in the hands of LLP.
How to claim TDS of current year of the Pvt. Ltd. company. in form 26 AS only Pvt. Ltd. PAN is mentioned.
Do we have to file ITR of both Pvt. Ltd. company and LLP for the A.Y.2020-21.then we have to continue to hold the bank account of Pvt. Ltd company till we get refund of TDS.



deepak
05 March 2020 at 11:48

GST-9 AND GSTR-9C RELATED

GSTR-9 is optional for whose turnover upto 2 crore or less than 2 crore and GSTR-9C applicable for whose turnover is 2 crore or exceed 2 crore. Is it Aggregate turnover criteria applicable for Private limited and LLP also?


CA Garima Bhayana
05 March 2020 at 11:45

Deduction U/S 80D

If Health Insurance Premium is paid by one party for self amounting 43826 who is not senior citizen but whose spouse is senior citizen then how much deduction is avialable u/s 80D 25000 or 50000?


Raj Bhatia
05 March 2020 at 11:27

Aadhaar Pan Link 272B

If aadhaar is not linked to pan, what happens to pre existing Bank accounts on which the PAN is attached?
Will these bank accounts be seized/blocked?
Will the owners of the bank accounts get notice under 272b?

Thanks
Raj


prachee
05 March 2020 at 10:33

IGST refund- Rule 96

Dear Expert,

We are into automobile sector and has procured goods , locally and imported .
We have availed GST credit on the same, also part of import material has come under Advance Licences and EPCG Licences both .
We are exporting our final product with payment of IGST as per rule 96. and getting refund of the same.

Afain,As per Rule 96(10) ,it restrict the importer to take IGST refund if the assesse has availed benefit notification 48/2017 except if assesee has bought goods under EPCG Licences.

Howeever , as we have procured goods both under EPCG and advance licences, if the restriction is applied to us also?


ANIL KUMAR

Dear Expert

I have shown less amount of outward supply in gstr 3b & 1 returns of financial year 2017-18. And we had not made any provision/payment of the same in a subsequent years. Our GSTR9 return is still pending to complete.

Can we add remaining part of outward supply in GSTR9 and pay tax on increased amount of supply ?

Thanks





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