RONI
16 January 2020 at 15:55

GST Rate

Sir, What is the gst rate for contractor ,who is engaged in supply of sand


nageswara rao

Sir, I have submitted 2 cheques for Rs.500000/-each in my name and my wife’s name on 22-10-2014, along with deposit applications to LIC Housing Finance Ltd., The cheque was presented to bank on 24-10-2014 (not on 23-10-2014 the next day ) after a delay of 1 day. This delay is costing me 1000000 x 9.65/100/365= Rs.264/-. The cheques were cleared on 25-10-2014 and my account was debited with the cheque amount of 5+5 lakhs. on 25-10-2014. LICHFL issued fd receipts as: LICHFL Receipt no621630 Rs.500000/- @9.85% halfyrly 27-10-2014 to 27-10-19 in the name of my wife and me as nominee. LICHFL Receipt no621631 Rs.500000/- @9.85% halfyrly 27-10-2014 to 27-10-19 in my name and my wife as nominee. On complaint to LICHFL to change the date of my deposit from 27-10-2014 to 25-10-2014 as I was debited the amount on 25-10-2014, LICHFL has replied that they got credit on 27-10-2-14 (screen shot were furnished to me as proof) and they did not change of the deposit date from 27-10-201 to 25-10-2014. Banks took 2 days to transfer funds from Visakhapatnam to Mumbai electronically From 25-10-14 to 27-10-14. I have to forego 2 days interest. While refunding the deposit amount We were paid interest on 28-10-2-19 and the refund of deposit amount 5 lakhs +5 lakhs amount on 29-10-2019 instead of 27-10-2019.. 27-10-2019 is Sunday and bank holiday due to Diwali. So we should get the payment on the next working day. In such a scenario is it not the responsibility of LICHFL to calculate interest up to 27-10-2019 pay the same to me instead of interest up to 26-10-2019. Please clarify Sir. the rule that date credit will be treated as receipt does not apply to me as customer. Should I forego the interest on all bank transaction time on both occasions as customer. where can i get the guidelines of regulator(like RBI) in this regard Sir Nageswara rao

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rahul sagar

Further, it is now understood that for Table 18 (HSNwise summary for inward supplies), reporting of HSN summary is restricted only to those HSN which accounts for at least 10% of the total summary of inward supplies.
Could you explain this with example to us.
Thanking you.


sachin Alwadhi
16 January 2020 at 14:19

Registration

Gst Registration Case


My client registered In Gst and duly filing gst returns And nature of Business Retail sale/Purchase of Mobiles.Now january onwards client got distribution work of wholesale mobiles of another company. Now client wanna to maintain different books for existing and new work but nature of the work is same and proprietor is also same..for this client wanna to open a new firm.First question can we use existing gst no in new firm or need to apply new gst no.if yes then how other parties will take input tax ccredit specially when gst no same but firm name different.


SANTOSH KUMAR SHARMA

Can ITC Claim of F.Y.-2018-19 in GSTR-3B up to September'2019 ?

one of my client itc of nov'2018 not claimed till the GSTR-3B of Feb'2019. I wants to know can he Claim such ITC in GSTR-3B from March'2019 to Sep'2019 as his GSTR-3B not filed from Feb'2019. Please reply.

Thanks & Regards


Naveen Kumar Jain
16 January 2020 at 13:54

Reverse charge on rent paid

Is reverse charge applicable as per latest rules in following situation:
Land lord is unregistered. Tenant is registered
Property on rent is premises being used as commercial property
Rent is Rs 30000/- per month


Praveen
16 January 2020 at 13:48

CA Final Re-validation

I had to discontinue the course 10 years back after passing CA Intermediate under the old course. Now I wish to appear for CA Final this year. Can someone please guide me with the formalities.


Raju
16 January 2020 at 13:39

Career

hi,
i completed my MBA (finance). i would like to go for course of SAP. which course i should take..??


RAMESH KUMAR ARORA
16 January 2020 at 13:21

Income tax on amount of compensation

How to depict in ITR,the following amounts received from a builder for not giving a plot.for which 50 % cost was paid more than 7 years back. The compensation has been allowed by State Consumer disputes redressal Commission,
Refund of amount with 12 % interest.Rs 1250550
punitative damagesRs.100000
Compensation for harrasment Rs. 20000


Harikrishnan
16 January 2020 at 13:13

RCM

Our company has registered under GST regime and paid rupees 560(500 + 6% CGST + 6% SGST) to a Regd. GTA. In our GSTR2A of December 2019 has shows the same 6% CGST & 6% SGST. Can we take this credit in our GSTR3B