Dear Expert

We have used Local Vehicle for Transportation of material to dispatch our material located in Interstate, in this case the Transporter is Un registered and what tax we have to pay IGST or CGST & SGST

Can I claim Input tax credit of February in March? Bill Date is in February.

Dear all

Please advice

We are Indian company and we hereby authorized vendor in foreign as our authorized representative for molding and on our behalf vendor will make the mold as per our requirements and whatever expense incurred during this process, vendor will raise the debit note on us for reimbursement of expenses/ professional charges.
In this regards we would like to inform you that the mold which vendor manufactured will be with them only and whenever we will have requirement they will supply us.
Therefore, in this regard for this type of transaction, we would like to know the process and documentation required foreign remittance ..

Hello

My client is running business as sole proprietor and also getting salary from a partnership firm.
We have opted for Sec44ad presumptive income and filing ITR 3.
Should salary income be included in gross turnover/receipts or shown separately?

Dear Sir

We have issued a cheque to party on today. But it will be clear from bank by Tuesday. Kindly advise how i make the entry in busy.

Thank you

TRANSFER OF BUSINESS FROM MOTHER TO SON (i.e. from Proprietor to Proprietor)

What is the process for transfer of business from mother to son (not reason of death)?
Can son cliam ITC by way of ITC - 02 Form?
Is there any manual procedure to be followed?

GREETINGS,

Our company decided to reimburse the tax paid by the employee on non monetary perks (house accommodation), first TDS will be deducted from the salary of the employee including non monetary perks and then the portion of the tax on non monetary perks will be calculated and reimbursed to employee through salary on quarterly basis.

My query is whether reimbursement of tax paid by the employee , by the employer comes under section 10(10cc)?

thanks in advance.

I have an invoice pertaining to photography charges and videography charges . Under which category I have to deducted the TDS amount 194C or 194J?

How to pay late fee under gst for late filing of gstr 3b nd gstr1 ( nil return ) frm oct 2018 to Dec 2018. As the system niether show late fee nor auto populated, but while filing, a dialogue box appears that shws late fee added to next month of October bt it allow to file return through evc.without payment of late fee (yet nt filed) Should I proceed without payment of late fee.

There is a matter of Auto Rickshaw Dealer ,their sales bills as follows SELLING TO REGISTERED BUYER

Auto Rickshaw 120000
Insurance 20000
Registration at Rto 10000

GST rate is 12 %

Current billing process
Auto Rickshaw 120000
GST 14400
Insurance 20000
Registration at Rto 10000

TOTAL INVOICE VALUE 164400

ABOVE CONCEPT BASED ON PURE AGENT OF ( WE HAVE AGREEMENT FOR PURE AGENT MATTER ) RULE 33
Insurance 20000
Registration at Rto 10000
PROBLEMS WE ARE FACING CURRENTLY
IN GSTR 1 WE WRITE AS FOLLOWS
TAXABLE VALUE 120000
GST 14400
INVOICE VALUE 164400(120000+14400+20000+10000)

NOW DEPARTMENT IS ASKING FOR REVERSAL OF EXEMPT SUPPLY FOR 30000 AS FOLLOWS
Insurance 20000
Registration at Rto 10000
ON OTHER SIDE THE BUYER IS FACING THE BELOW PROBLEM
THE BUYER IN HIS GSTR 2A HAVING TWO BILLS
OUR BILL RS 164400
AND INSURANCE COMPANY BILL 19000(TAXABLE VALUE ) +1000(GST) = 20000 SHOWING

NOW IN REGISTERED BUYER GSTR 3B
ONE INPUT RS 14400+1000 (INSURANCE)
AND INWARDS NIL RATED SUPPLY 30000

SUGGESTION WE RECEIVED TO BILL CUSTOMER
Auto Rickshaw 120000
GST 14400

AND THE FOLLOWING AS REIMBURSEMENT EXPENSES
Insurance 20000
Registration at Rto 10000

BUT IN THE SUGGESTION THE PROBLEM IS THAT - THE BANK FINANCE IS CURRENTLY GOING ON 164400 BUT IF WE TAKE THE SUGGESTION THE BANK FINANCE WILL BE 134400 BECAUSE BANK MANAGER IS CONSIDERING THE INVOICE VALUE

PLEASE GIVE ME THE SUGGESTION ,WE MUST HAVE TO SHOW INVOICE 164400 FOR FINANCE














Regards,
INDRANIL BASU
Contact no. +91 7003556438
cmaindranilbasu05@gmail.com