JShanti
15 January 2020 at 17:16

Experts please advise.

Hi,      Our father passed away last month. My Brother and I are the legal heirs. My brother was the nominee in all my fathers Bank accounts and he has already received  in his account.  I wish to relinquish my claim on this money that my Brother has received as nominee. Do I simply give it in writing to my Brother or do I have create a gift deed on Stamp paper. Does the same need to be registered also ?   Thanks, Shanti


Deepak
15 January 2020 at 16:31

GST Input related query

ABC Pvt. Ltd. provided its premises on rental basis to xyz pvt. ltd. Along with rent other services like Electricity, Water, Gas, Lift etc will be charged separately. ABC Ltd issued below bill to xyz ltd for the month of December 2019.
Electricity - Rs.10000/-
Water - Rs.8000/-
Gas - Rs.4000/-
Lift - Rs.12000/-
Total Rs.34000/-
Add: CGST@ 9% Rs.3060/-
SGST @ 9% Rs.3060/-
Total Rs.Rs.40120/-
Can xyz ltd. claim ITC on this? I am doubtful whether this bill is correct or not. Please guide with supporting notification.


Suresh S. Tejwani
15 January 2020 at 16:29

REGARDING NON GST SUPPLY.

CAN OTHER INCOME LIKE BANK INTEREST, DISCOUNT , CAPITAL INTEREST FROM PARTNERSHIP FIRM, FD INTEREST, DIVIDEND ETC BE CONSIDERED AS NON GST SUPPLY FOR GSTR-9C..??


Heena
15 January 2020 at 16:23

SEIS benefit

Is it necessary for getting port registration done before filing ANF 3B.
I had already obtained IEC, What should be the next step to avail SEIS Benefit


Bijesh.K
15 January 2020 at 16:15

MAT and Long term capital gain

If the MAT is paid during this financial year,whether this MAT could be adjust towards the future tax liabilities of the company? If so , far how many years?


Bijesh.K
15 January 2020 at 16:10

MAT and Long term capital gain

Whether the company has to pay both the long term capital gain tax and MAT simultaneously?


Bijesh.K
15 January 2020 at 15:58

MAT and Long term capital gain

Company sold an old fixed assets having nominal value in books, resulted in long term capital gain as well as MAT?


Vanisree P
15 January 2020 at 15:51

Business Correspondent Agent - RCM

If a person is a business correspondent sub agent of a Business Correspondent does RCM attract, as in the notification the wordings was service provided by a BC agent to BC will attract RCM. Does Sub agent and Agent makes any difference or are they one and the same as per the GST Act.


Praveet
15 January 2020 at 14:41

About GST

I have rented a truck to the government. Will GST be applicable on this, if yes, how much?


Manish
15 January 2020 at 14:17

ITC available to Individual Taxpayer

Dear Experts,

An Individual taxpayer who registered under GST law provide Rental on Immovable Properties services from his individual name. Can ITC will be available to him for Bank Charges and Mediclaim premium which is also reflected in his GSTR2A? Please confirm. Also please confirm what other ITC is available to him.