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swati yadav
07 March 2020 at 12:13

GST for pure labour contract

We charge GST on Labour contract under reverse charge when the supplier is not registered. Applicable rate is 18%.When does it came into effect? i.e What is it is applicability date?


Arvind Gupta

Dear Sir,
We are exporter of Carpets in Varanasi (U.P.) and we have to use data integration software in which we fill exported goods details .
for usage of the software we will make payments in USD to a US based company.
My query is that whether we are liable to pay GST on such usage of software or not.
If yes please guide me with relevant section /clause mentioned in GST act.

Thank you in Advance


akash agrawal
07 March 2020 at 11:31

Depreciation

Can depreciation be charged at rate less than the rate specified in the act?


sanjay
07 March 2020 at 09:12

Capital gain

Sir
I have got the occupation certificate in Jan 2019 of the property. I am the owner.
The construction is going on till date. I want to know that if I sell the property in March 2020 then indexation cost benefit will be applicable on the improvement cost which I incurred after Jan 2019.? Pl advise.
Regards


sanjay
07 March 2020 at 09:08

Capital gain

Sir
I have got the occupation certificate in Jan 2019 of the property. The construction is going on till date. I want to know that if I sell the property in March 2020 then indexation cost benefit will be applicable on the improvement cost which I incurred after Jan 2019.? Pl advise.
Regards


Rajinder Grover
06 March 2020 at 20:27

Capital goods under gst

Purchase of capital goods (ETP Plant) party issues an invoice (service HSN code) which contains plant and installation , how I shows
in annual return in Gstr-9, whether in capital goods or services


raghavendra b
06 March 2020 at 18:58

GOVT GRANT

DEAR SIR,

WHILE AUDITING CHARITABLE TRUST ACCOUNTS, GOVT GRANTS RS. 139680/- FOR BUILDING CONSTRUCTIONAL WORK FOR TRUST AND THE AMOUNT CREDITED TO TRUST BANK ACCOUNT. NOW MY QUESTION IS APART FROM THE GRANT RS 94496/- PURCHASED THE MATERIALS AND PAID LABOUR CHARGES. IN THIS SITUATION HOW TO TREAT GRANT AMOUNT. IT SHOULD BE SHOWN IN THE LIABILITIES SIDE OF THE BALANCE SHEET OR TRANSFER TO THE INCOME AND EXPENDITURE ACCOUNT. NEXT YEAR REMAINING GRANT AMOUNT OF RS.45184/- COMPLETELY UTILIZED FOR BUILDING CONSTRUCTION. HOW MANY YEARS GRANT AMOUNT SHOWN IN THE LIABILITIES SIDE OF THE BALANCE SHEET BUILDING IN THE ASSET SIDE OF THE BALANCE SHEET OR GRANT AMOUNT TREATED AS INCOME OF THE TRUST.

CLARIFICATION NEED URGENT HELP ME SIR

REGARDS


SUBHASH MISHRA
06 March 2020 at 18:57

Peak credit

Any case law or judgement in favour of assessee whereas the assessing officer has enhanced income by applying provision of section 69 of the Income Tax Act, 1961.


Gopalakrishnan V
06 March 2020 at 18:31

Section 80 DDB

Whether medical expenses incurred for dependent Mother-in-Law, for her Cancer treatment, be claimed under section 80DDB? Whether dependent includes dependent Mother-in-law, father-in-law is no more and only two daughters and one daughter is a divorcee?


ANJAN BHATTACHARYA
06 March 2020 at 17:54

Demand notice u/s 143(1)



My income include salary and share of profit from partnership firm. Firm is paying income tax on its profit filed I.T Return for A.Y 2019-20 showing my share of Profit from partnership firm. Though I have my share of profit ITR-3 and not included for calculation of Income Tax. However, I left blank by mistake schedule IF(Information regarding partnership firms in which assessee is a partner.). Now demand notice received from Income Tax , levying tax on my Share of profit in partnership firm which is exempted u/s 10(2A).
Whether I have to submit revised return ?