Hi everyone,
I am working with a dealer in trophies and medals. The firm purchases the trophies at GST rate of 18% and 12%, but at the time of sale he advices me to charge only 12% GST even if we have purchased the trophies at 18%. Can anyone tell is it a right practice. And what will be the consequences if the GST department comes to know about it. Are there any penalty or fees imposed for the same.

Thanking you

Assessee is a partnership firm providing warehousing services, like storage, fumigation, loading and unloading etc., of food grains, to Food Corporation of India.

Can he claim exemption under GST based on entry no.54(e) of notification 12/2017 or entry no.24(e) of notification 11/2017?

Whether AAR decision in the case of Samco Logistics LLP where GST is decided as applicable will be pertinent to this case?

AAR M/s SSSVK Cold Storage Private Limited holding that Services by way of Renting Warehouse for Storage of Agriculture produce falls under Service Account Code (SAC) 998619 and attracts NIL rate of GST 18% vide AAR/AP/02(GST)/2018

Whether any of the above AAR is applicable? Whether there is a condition that warehousing services to be directly provided to the farmer or whether warehousing services to FCI is also covered under abovementioned notifications?

Hello
I had not done franking and stamp on 102 Form within specified time limit within one month from commencement of Articleship.
And now almost 10 month gap between 102Form and Stamping in Form 102,
ICAI has demanded the stamping done within 30days from the commencement of articleship,

Now E-stamping facility has been introduced by Govt sothat back dated stamp not possible,

What can I do now??

Any solution for that Kindly tell the solution if anyone has.

Email Id- vedshubham28@gmail.com

Hello, Mis matching of ITC/scrutiny assessments completed 2017.-18. What is last date of completion of assessments other scrutiny and composition dealers for 2017-18 and 2018-19.Learned Experts opinions are invited. Thanks

I have entered into agreement for purchase of flat on24.02.2020 and amounts are paid through bank loan.Flat is not registered in my name.
Occupancy / possession taken on 08.06.2022 .
I have sold the flat on Sept 2023.The sale deed shows my name under "Consenting witness"and not as VENDOR.
Buyer has deducted TDS in my name even though flat has not been registered in my name
I have capital gains of Rs.20 L on this transaction
I have entered into other agreement for purchase of flat on Oct 2023 and paid entire cost of flat.
Can it be treated as long term capital gain and can I claim exemption under section 54 / 54F

If one person purchased Flat taking home loan. but his parents living in his flat. he is living in rented flat.

so in this, he did not get any rental income.

can he eligible to avail HRA exemption and housing loan interest

we prepare commercial invoice for filing shipping bill and material dispatched after that, also prepare e invoice on the date of shipping bill ? in such a scenario how to link way bill details with e invoicing details

Hi All, wanted to know provisions applicable (Income tax as well GST) if a person work in a company as consultant rather than employees. Some of the key points :

a) Whether its clubbed under B&P head. What expenes can be claimed and rate applicable on net income (whether slab rate or flat rate)
b) TDS related fule
c) Presumptive tax rate if income is less than limite (i.e. Rs 75 Lacs). Whether slab rate or flat rate
d) GST related rules

I have applied for company registration but PF establishment number i.e PF registration also generated with the company registration. Is PF registration mandatory for every Private limited company? PF registration are automatically granted with company registration?

Can a Private Company pay Ex Gratia amounting to Rs.25 Lakhs to its director? The director is drawing salary from this company on monthly basis. What are the Income tax and Company Law implications in this case?