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deepak
25 August 2019 at 21:03

Airtel telecom distributor gst return

Hi Everyone please help me out from this dilemma
One of my client is telecom distributor of airtel. He is issuing commission invoice to airtel company and paying GST on commission. Then whether he is required to issue outward invoice for each recharge value transferred by him to retailer. Airtel is issuing tax invoice for each value order placed by distributor and it is appearing in gst-2A of distributor. Please provide you expert view on given issue.
As per current position, distributor is only issuing commission invoice to company charging gst on the commission give by airtel.
and please tell me how to file his GST return on which basis on turnover which he sale or on commission basis
Please tell me the process of GST returns


Sarath Raveendran
25 August 2019 at 20:52

Tax audit

my annual turnover is 12lakh and am going to file income tax return as per 44AB, need income tax audit if my profit is less than 8% of turnover or a Net loss.


harshit darji
25 August 2019 at 20:25

Income tax on engineering consultancy

kinldy help on below
tds deducted us 194j.
and earlier year .2016-17 income shown under presumptive taxation 44ada
2017-18 same income declared under 44ad in itr 3.
now 2018-19 for correct filling i am using itr 4 under premptive taxation under 44ad by declaring more than 8 % profit..
is it right practice for showing professional income under business income??.
beacuse as i know engineering consultancy services is professional services...
can i file us 44ad for lower profit @8% than 50% of professional income us 44ada


YELLANKI RATHNAGIRI

What is turnover when we file it return u/s 44AD
Turnover= Taxable Value + GST
OR
Turnover=Taxable Value


YELLANKI RATHNAGIRI
25 August 2019 at 18:02

Remuneration & interest from firm

Dear all
My client have partnership firm turnover was 60,00,000
They declared profit 8% U/s 44AD i.e. 4,80,000 in Income Tax Return
Two partners were in above firm
Actually each partner took 4,50,000 as remuneration and 80,000 as Interest on capital

Doubts
should partners declared the above remuneration & Interest in their personal IT Return?
Because they offered partnership income in U/s 44AD


skj
25 August 2019 at 16:22

No account case

I have income of 5lacs from commission as Lic agent and net profit is 350750.
Am i require to prepare mandatorily balance sheet and p&l or can i put data under "no account case".
Please let me know in what case i can file under no account case.


Jaswinder singh
25 August 2019 at 16:06

Nri remittance to india taxable or not

Sir/madam,

if non resident indian earned income from foreign country, then remit to india is taxable or not,, if yes then under which head of income in his ITR?.....


DHANANJAY S KULKARNI

NRI PURCHASE N A LAND IN INDIA BELOW MARKET PRICE . PAID STAMP DUTY ON MARKET VALUE .OF PROPERTY ACTUAL PURCHASE PRICE IS BELOW MARKET PRICE TAXABILITY THEREOF


hemlata p. soni
25 August 2019 at 13:13

Future and option trade

MY CLIENT HAVING F&O TURNOVER 6182516/- AND LOSS FROM F&O 108000/-. MY CLIENT IS HAVING TUTION INCOME OF RS. 238000/- AND FD INTEREST IS 25000/- THAN HOW TO FILE HER RETURN. WHETHER SHE HAS TO GET HER ACCOUNT AUDITED. PL GIVE URGENT REPLY


KUNAL HARENDRABHAI KANAKIYA
25 August 2019 at 10:35

Annual return

MY CLIENT WAS REGISTERED FIRST IN REGULAR SCHEME IN GST.
THEN HE TRANSFERRED TO COMPOSITION SCHEME.
AFTERWORD HE TRANSFERRED TO REGULAR SCHEME AGAIN.

I HAVE NOT FILLED ANY ITC FORM.

MY ANNUAL RETURN BUTTON DOES NOT WORK

PLEASE GUIDE WHICH FORM I NEED TO FILL.







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