Dear Expert,

A pvt ltd assessee has milk chilling plant. It collects milk from farmers and preserve it for chilling . After chilling it sells to dairy. No any other process carries on except chilling.

My question is whether milk chilling process is liabile to GST ?

If not kindly quote the notification number

Thanks

Dear Experts,
Pls clarify:- section 16(2) of cgst act. And rule 37 State that if No payment is made to the supplier within the 180 days the ITC taken shall be added back to the output liability. Pls tell me if anyone has not paid within the stipulated deadline than how the ITC shall be add back to the output liability! Pls clarify with an example if possible....

Thanks In Advance
Karan

Hello dear Expert We got DIC and CLCSS subsidy that amount is taxable or exempt if not then that amount invest in any government bond scheme for deductions under income tax

Hi,

I want to know if challan serial no wrongly quoted while filling return ,then what is the process to rectify.

How do i revise correct challan no if already TDS return filled.

Thanks

What is the basic difference between GSTR-9 and GSTR-9-C ? Please guide me and oblige sir,

Hello Sir,

I am doing swing trading in cash ( ie I hold shares for 3-5 days ) and sell it. I am having a small loss.No trading has been done in F&O and intraday. Only in equity cash segment.
I also work in an IT company and tax slab is 10%.

Do I need to have tax audit if I need to carry loss for 8 years?And does it come in non- speculative income.

How will it be taxed and which ITR form should I fill.

Please help.

Regards.
Pranav

FY 2017-18 turnover Rs.1.31 core individual return of income was filed by tax audit due to net profit less than 8% ( 44ad case ). FY 2018-19 turnover Rs.50.00 lakhs net profit Rs.5.00 lakhs which is more than 8% if return of income filed u/s 44AD five years blocked to file u/s 44AD. FY 2019-20 turnover will be estimated Rs.1.25 core but net profit will be less than 8% to be tax audited. (i) can we file return of income FY 2018-19 without tax audit in ITR 3 with profit and loss account and balance sheet instead of filing ITR 4 u/s 44AD (ii) can we file return of income FY 2019-20 by tax audit without block period or it will be filed compulsory u/s 44AD by adopting income more than 8%

its a society formed for fishing in wiled sea with traller or small ship or boat and bring it to shore and sell it
and after payment of all expenses if there is profit.
than what income tax and at what rate is attracted
if its covered under agricultural activity.
Thanks

Resp. Sir,
I am a manufacturer of medicine and install solar panel somewhere ales far, i.e. Out side my factory, to generate electricity, whether I am eligible to Input tax of GST paid on purchase and installation charges paid for solar penal?
I am getting adjustment of ele. unit generated from my solar penal against my consumption of electricity unit in my factory.
Kindly request to guide on this, I am confuse because, electricity is not taxable in GST, and ultimate product generate from penal is electricity.

Dear Sir,

A employee has bought one spares for the company and he got it reimbursed through employee reimbursement form. however the Vendor has raised the bill in the name of the company and he is charged GST on his bill , also he has showed the same bill in his GSTR-1.

Can a company avail GST Credit on the same bill.