Please inform that new tax slab announced in budget will applicable from which date? From which financial year optional slab is available?

Kindly specify the time limit for reversal of ITC on purchase returns and sales returns

Hello,

A and B are two registered dealers and dealing with buying and selling of used cars. A is buying from unregistered dealers and selling to B. B is buying cars from registered dealers(A etc.) and selling to both registered and unregistered dealers.

My question is what is the GST implication on transactions between A and B, what is gst liability for A and for B.

A Property is to be purchased and an advance towards the same is to be paid to the builder, so how can we deduct TDS @ 1% and pay as while filing 26QB, there needs to be filed date of agreement & agreement value, which is not confirmed as on the date of payment of advance and also upto the date of payment of TDS on such advance.

So can we pay the TDS on property on the whole amount together at the time of agreement registration, as the agreement value & date of agreement will be available only after that for 26QB, thus TDS will be paid on lump sum amount of agreement value & not on installments & the advance paid will be part of total consideration.

Note, there will be a period of around 3 to 4 month from the date of advance payment to till the date of signing the agreement.

please let us know how to go about with TDS on the same?

As per IFRS, we show deferred tax asset + deferred tax liability or
deferred tax asset - deferred tax liability = (Pay Tax/No Tax).
Please help me with the answers.

Dear Sir,

I am having a Private Limited company in which I am one of the director in it. I want to withdraw excess funds lying in the bank account. Can I do it by withdrawing cash from the bank account or is there any other way. Salary to the directors is already given.

Please suggest on the above matter.

Regards,
Divyesh Jain

Is there any decided case law againstt penalty charges levied by banks on pre closure of CC Limited Account?

Dear Sir,
My self Subodh Tambde I have working with A private limited company as Executive Account.
Our Sales Tax Assessment is going on for F.Y. 2013-14 under IBA towards undisclosed sales. We have confirmed our VAT audit report with our Books of Accounts. But there is a query during assessment that other dealer shows in Annx j2 that material procure from our company but we haven't sale any goods to those respective party was shown purchase in annx j2. Now STO raised query to us for undisclosed Sales.
Please help how to solved the query pertaining to Undisclosed Sales which was wrong.

Being a tour and travel agent makes booking of air ticket for go India airline through goindia airline site.The goindia airline prepare bill for commission amount charging gst@18% on behalf of travel agent.The travel agent on approval online print the said bill.The goindia airline after deducting gst amount remit the amount to the travel agent wallet.As per law travel agent has to discharge his tax liability on commission amount but goindia airline deposit the said tax himself.Is the practice followed by goindia is correct? If yes,what would be the taxable turnover to be declared by the travel agent in his gstr3b and gstr1?

Dear sir,
As per rule ISD needs to distribute the input credit in same month in which it is received, my query is the credit should be disteibuted in the same month in which it is booked in books of account or the month in which it appear in 6A..?
Kindly advise
Thanks