Anonymous
17 October 2018 at 19:22

Gst for matrimonial service

Sir, I would like to know the GST tax rate with SAC code for Matrimonial service. Whether GST applicable for international matrimonial service? Please clarify


Vinod Kumar Shukla
17 October 2018 at 17:41

Gst under rcm on gta

Dear Expert,
I am registered as GTA in GST regime but do not own any transport vehicle. I hire vehicles from local transporters who are normally unregistered in GST regime. I ask them to provide their invoice in my name. After keeping some margin, I issue invoices to my clients and write the line ''GST SHOULD BE PAID BY CLIENT @ 5% UNDER RCM''.
Now, my query is :
1. Whether GST under RCM @ 5% should be paid by me too on invoices received from URD.
2. If No then under which provision it should not to be paid.
3. If yes then ITC can be availed by me or not.
4. I have hired a vehicle from registered GTA in the month of Sept-18 and he has provided me his invoice. While checking the GSTR-2A, I
came to know that he has uploaded the invoice stating that the GST should be paid under RCM. Under this situation, whether I have to paid
GST under RCM or not.


Thanking in advance,
Vinod Kumar Shukla
9167230106


Sajjad A Sait

We are an export house based in Kerala. We send documents against exports directly to our buyers. When the buyers send us payment for the full amount we do not receive the full amount and an amount of US$ 30-35 is short received as the same is deducted by the intermediary banks. Our bankers say that unless the full amount is received they will not regularise the bill. Is there any RBI circular or rule that allows our bank to regularise the bill.


Regards
Sajjad



Anonymous
17 October 2018 at 15:43

Capital gains on property

How will be the capital gains taxed in the following case:
Mr. S has Purchased a House Plot in the year 2010 for Rs. 5,00,000/-
He Started Construction in the above plot in the year 2017 and Completed it in the same Year. Cost of Construction of the house is Rs. 1500000/-
In the Year 2018 (After April) he sold the above property for Rs. 35,00,000/-

How will the above asset taxed to captal gains. Is it Total Long Term Capital Gains or should we bifuricate the land value and construction value as LTCG and STCG. Plz Clarify.


Revati Sathe
17 October 2018 at 15:01

First agm

My Company is incorporated on 10th March 2017.

Auditor has done audit from 10th March 2017-31st March 2017.
and also for 2017-18.

When the Company is need to held its first AGM , because as per provisions of the Companies Act, 2013, the first Financial Year can be of 15 months.


Harikrishnan
17 October 2018 at 11:14

Cash receipt limit

ABC Company Sold Packing Covers to XYZ Shop worth Rupees 2,50,000/- in a single Invoice.
XYZ Shop is not RESALE this Packing covers

Transaction of ABC Company is a SALES

Transaction of XYZ Shop is an EXPENSE

In Books of Accounts of ABC Company can enter Cash Receipt 2,50,000/- in a Single day & Single entry or Multiple Entry in Multiple Date.(Please note Cash Receipt Per day Limitation)

In Books of Accounts of XYZ Shop can enter Cash Payment 2,50,000/- in a Single day & Single entry or Multiple Entry in Multiple Date(Please note Cash Payment Per day Limitation)

PLEASE ANSWER THE SAME SITUATION FOR SALE VALUE 1,90,000/-






Harikrishnan
17 October 2018 at 10:59

Gst of life insurance policy

Receipt of Every Life Insurance Policy is shown Policy Amount + GST Amount.

Can Claim GST of Proprietor's Personal Life Insurance Policy?


Sujeet Ghadge
17 October 2018 at 10:59

Gst

can i charge gst in Silver ???


Anees K Pareed

sir what's the difference between shareholders and members under Companies Act


Sukh
16 October 2018 at 20:44

Tds deduction bangladesh

Hi,

I have a query regarding web services export payment from Bangladesh.

A firm registered in Bangladesh uses web services from me as it is my first experience with them, I have generated a invoice to them suppose of USD 500, now that firm informed me that a TDS of 20% will be deducted from the USD 500 and balance will paid to me.

I want to know two things here, does this TDS 20% thing exist, if yes, then is it possible to claim it here in my filing.

Thanks in Advance for your help!

Regards,
Sukhmeet Singh






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