Kelvin Bhuva

A person who is engaged in business of construction he bought Concrete Mixer Truck in 2012 and not taken VAT credit on it. he want to sell it and he will receiver consideration for it. so my question is first of all GST will be applicable or not? If yes then How to determine value of it under GST?


Devikishan Rathore
19 February 2020 at 11:38

Solution for issues of Co.Op.Hsg Soc Ltd

NEW HIGHWAY PARK E/3 CO-OP-HSG.SOCIETY LTD
Thakur Complex,Western Express Highway, Kandivali (E),Mumbai-400101

1) What types of businesses are allowed to be carried within the premises of residential building
2) Is a coaching class allowed? If yes then any restrictions in Co-op Hsg Soc Ltd Maharashtra
3) Can children play in the open space of Co Op Hsg Soc Ltd Maharashtra? Yes this questions sounds absurd.... but owner of the coaching class threatens playing children to not make noise in order to not disturb his students.
4) Any rule or section of the society bye-laws which strictly prohibits people / members from throwing unwanted stuff, garbage, food from their windows down onto the parked cars....on pathways, pavements etc.
5) Ours Committee Members strength is Gen-8, Woomen-2, ST/SC-1,OBC-1 ,VJ/NT/SBC-1,TOTAL 13nos. ,QUORUM -7nos.
PUNEET RATHORE -COMMITTEE MEMBER


DIVYESH JAIN
19 February 2020 at 11:27

Director remuneration type of income

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


Mahabir Prasad Agarwal

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.?


Divyank Sharma
19 February 2020 at 10:20

Regarding accumalated deprication

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



















Sachchidananda
18 February 2020 at 22:36

RCM


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.


harish
18 February 2020 at 22:24

Export Sales Return from Nepal

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.


RAJA SINGH
18 February 2020 at 21:56

Deduction U/S 54F

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.


Bindu jashwani
18 February 2020 at 21:00

Interest calculation on currrent account

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...


mumtaz attari
18 February 2020 at 20:18

Surrender of gst number

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






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