Daya
04 October 2020 at 13:45

Tax Treatment under GST

what will tax treatment under GST
if fixed assets sold on profit and Loss.


Sidney
04 October 2020 at 12:01

GST rate on Food bill in a Resort.

Dear Sir,
I am working in a resort. As per the government notifications if the room tariff is ₹7500/- and above, we have to charge gst rate 18% on room tariff as well as on food bill of the restaurant, and we can take the input tax credit on purchases made for the resort. Our resort is 3 star property and our tariff rate goes above ₹7500/- in season only i. e. For 2 or three months. Rest of the year it is below ₹7500/- . My query is do we have to charge gst rate of 18% on food bill for the full year and take input tax credit or only for the months in which the room tariff rate is ₹7500 and above. And if the room tariff rate is below ₹7500/- we can go for 5% gst rate on food bill, where we can not claim input tax credit for the purchases made for the restaurant?.
Please advice.
Thanks & Regards,
Sidney Alvares
9922520980


Rajeev H S
04 October 2020 at 11:01

TCS U/S206C(1H)

Sir seek clarification and implementation of TCS on transcation as under :

We purchase raw material material from a party and Invoice back the same after adding our fixed conversion cost without actually receiving any payment ( except a very small amt receivable due to additional conversion fixed.cost). In this case where its like a barter system / job work ( but sales n purchases shown ) are we still liable TCS on the entire sales amount or only the conversion part for.which we actually receive the payment.. please advise..


PUSHYAN JINDAL

If a housing society constructs flats after receiving payments from its members and registers the flats in their names after completion. Will it attract GST? If so, what would be the point of taxation? Periodic payments or registry date.


Pradnya

A gift is sent from Australia to India through courier, whether the recipient of such gift is required to pay custom duty on the same? Will such gift be considered as import of goods? What necessary steps are required to be taken by the recipient of gift?


ARITRA CHAKRABORTY
03 October 2020 at 21:18

Whether rate of TDS are same or changed

I would like to know, whether there is any alteration of TDS rate or not. PLz do inform me.


Swati Mer
03 October 2020 at 18:23

TDS deduction on courier provider

How much TDS should I deduct for courier service provider?
Courier service and my company both are proprietorship holder


Som
03 October 2020 at 17:24

Query related to Form 16 and ITR 1

My father is a senior citizen . He is a former bank employee and a pensioner . My father has invested Rs. 150000 in Public providend Fund . He has given the right declaration to the bank authority but mistakenly in Form 16 it is showing as Rs. 45000 as deduction u/s 80c . Now my question is Can he file ITR 1 without revision of Form 16 and claim a deduction of Rs 150000 as deduction u/s 80c ? Can that ITR 1 be accepted by the income tax department ? Can that return be processed and get his refund for which he is eligible ? Or He has to revise his form 16 first and then file his ITR 1 ?


satish kumar

Compulsory Acquisition by NHAI of Agriculture land inducing Well ,Pump, Borwel, Pipes, farmhouse/House Constructed in Agriculture Land TDS Deducted sec 194LA whether Taxable or not If its Exempted how to Declare In ITR (TDS 10%)


Dhrumil Shah
03 October 2020 at 16:04

TDS on Transportation Charges

What is the threshold limit of Transportation charges for TDS? Rs. 100000/- or Rs. 75000/- ?