Dear Sir,

Is Director Remuneration considered as Business income in the hands of the Director.

A person is a Director in the company from which he has earned salary income of Rs. 4 lacs. He also carries on business in his personal name in which total income is 17 lacs as Contract receipt. Tds is deducted u/s 194c on this contract receipt.

Does the person has to club both the income director remuneration and business while preparing his Profit and loss, if done then the person becomes liable to register under gst.

Please help on the above matter.

Regards,
Divyesh Jain

I am a wholesale dealer of sanitaryware having turnover below 2.00 crores during FY 2018-19. Whether RCM 5% on Carriage Inward and 18% on Rent paid is compulsory for me.?

The car was crashed 6 weeks ago and has been written off by the insurance company (non-repairable) they offered me Rs3000 and I told them that it wasn't acceptable! They finally offered me Rs 4499 and then deducted the policy excess of Rs600 out of this.
So this week O received the cheque for Rs 3899 which was addressed to me personally. I need to transfer this money into my business account but I'm not too sure how I reconcile the payment or what to put it as and also how to remove the car as an asset.

Value of asset (At cost): Rs6000
Accumulated Depreciation: Rs1200

My query is during July to 12th October 2017 there is RCM provision right for unregistered purchases more than 5000/- liable for RCM. Scenario is client has not paid RCM for unregistered dealer purchases but on sale of such goods they have paid output tax . This transaction has happened in july 2017. So does they need to pay such RCM tax which they missed while filing annual return for 2017-18 or is there any way to avoid it.

Dear All,
Our company is the Manufacturer of M.S.Pipes & recently we have exported huge qty of pipes to Nepal without GST but due to mistaken some excess goods delivered to the Party in Nepal.

Now party want to return back the excess supplied quantity of pipes & my question is what will be the procedure for Export Sales Return from Nepal & further more what action has to taken by us here means whether we have to inform any department or any else.

To Claim deduction U/S 54F the net sales consideration is required to be invested in Residential House Property. Please let me know how the deemed sales consideration i.e. valuation of property as per stamp valuation authority can be invested whether the real consideration is much lesser than deemed sales consideration.

I found that interest had been overcharged by Bank .but Bank doesnt agree how to check that the rate of interest is correct or not...

what is the processure to surrender a gst number
if no gst return file during the yr.
if there is no turnover
if proprietor unable to do business due to illness

Dear Sirs

I purchased the residential flat from a builder ( A registered partnership firm) for Rs.36,00,000 as per sale deed. But as per agreement of sale value for that flat is 48,00,000/-. I got bank loan for Rs.40 lakhs . I also paid Rs. 8 lakhs to the builder as per sale agreement . My question is on which amount i have to pay G S T to the builder i.e., either sale deed value of Rs. 36 lakhs or Sale agreement amount of Rs.48 lakhs. Kindly explain me.

SUPPOSE IF A PERSON IS DOING TRADING OF COMPUTER PARTS AND ALSO PROVIDES SERVICE ,CAN HE OTP FOR COMPOSITION SCHEME AND IF YES THAN AT WHAT RATE..??
WHETHER WE HAVE TO PAY DIFFERENT RATE OF TAX FOR TRADING AND SERVICE OF COMPUTER PART.??