Person engaged in the business of trading of lignite and transportation work income. He is quoting "FOR" rates to his customers to his customer which includes freight charges also , whether he can take input credit of GST paid on purchase of trucks ?? (HE IS NOT CHARGING SEPARATELY IN BILLS FOR TRANSPORTATION CHARGES RATES OF MATERIAL ARE INCLUSIVE OF FREIGHT AMOUNT)

Composite scheme dealer detailes mentioned below .
1. Sales turnover Quater 4th Januvary to march,2020 Rs.6,00,000/-
2.interest income on sundry debtors( cash loan) Rs.72000/- yearly.

Composite tax payble on sales turnover only. or interest income tax applicable .

Mr. A has received in his bank A/c Rs. 25 lakh from a group of friends who are not in the defination of relative for his cancer treatment.Whether 25 lakh is taxable in hands or not.Is there any provision or method so that he can save income tax which was received for his cancer treatment

Hi

when can we pay Tds of March 2020.

And what will be interest charged.

Dear sir

we are receiving online (digital) information about scrap rate related and weakly basic . so this type of expenses applicable TDS ? if applicable . what is %?

Invoice Value above Rs.40000
Mentioned description on invoice ; Online information and data services

Pls help me

Dear Experts

We are a Labour Law Advisory (proprietary) company registered under GST since July2017 & before that we were registered under Service Tax regime.

1) What is the current turnover limits for service providers under GST because we are planning to surrender GST registration.

2) If we fall under Pt 1 then would the following suffice before we make an application for surrender:

- filing GSTR3B for Mar2020
- filing GSTR1 for Jan-Mar2020 &
- filing GSTR9 for year 2018-2019 & 2019-2020

3) Do we need to take care of any other aspects other than Pt 2.

Your early revert will be of great help.

Thanks

SUNIL

Is relative of KMP required to be disclosed as per AS 18 even though there is no transaction with the relative during the financial year

Deal All,
Can we take in any case ITC on group medical insurance provided by the company for Employees? and not charged any fee from employee.

Can we take ITC of GST on penalty charged by BSE or NSE?

if a person forget to take ITC for the March 2020 month GSTR-3B return. so this case he can claim this amount of ITC on next financial years April month GSTR-3B return?