swati agarwal

I want to ask that I hv registered for CA final in June 2012. My registration has been expired now I want to give attempt in Nov 2018 should I convert in new course or renew as a old course only .. plz answer as quickly as possible I want to start study



Anonymous

Dear sir,

If a GTA transporter provides services to registered person on which gst has been paid by such registered person on RCM basis and there is agreement between both the parties that if during transportation if any incidental expenditure has paid by GTA it will be reimbursed by the recipient.

My query in this regard is that such reimbursement of expenditure is liable to gst if the GTA Claims more amount than actually incurred.
and if such expediture liable to gst then who will pay gst for such expenditure i.e.recipient or GTA?


Thanks in advance


srinath
19 May 2018 at 18:10

Applicability of gst

Hello everyone.

As per Section 7(1)(c) of the CGST Act, read with Schedule I of the Act, Supply includes “Supply of goods and/or services between related or distinct persons as specified in Section 25, without any consideration, made in the course or furtherance of business”.

My doubt:

One of our clients makes payment to the Suppliers on behalf of the Mumbai & Gurgaon office for the expenses incurred at the respective places, where the branches have separate GST registration. However, there is no separate books are maintained at the respective branches, since, the Chennai Office maintains and prepares all the required documents, accounts in one single TALLY package.

Note 1: Invoices raised are in the name of respective branches.
Note 2: ITC are availed only by the branches.

In this background, Can this transaction be treated as Supply between related/distinct person, though the Chennai Office directly making payment to the Supplier?

I understand that in the earlier Indirect tax regime, such offices will be treated as same person as there was centralized registration for all such branches/offices and hence services between such offices/branches were kept out of the tax bracket.

Now, after implementing the GST, such offices which have separate registration, the same will be treated as distinct person and any supply of goods and/or services, between them will be covered under GST.


ASHISH PODDAR

Sir/ Madam,
We have received the bill from party after 180 days of invoice date and the party has also paid the tax of that invoice, can we avail ITC for the said bill after 180 days & utilize it?
In above case we have not availed & utilized ITC within 180 days is there any chances of interest & penalty to me for availing & utilizing the amount after 180 days.


Dushmanta Rana
19 May 2018 at 17:20

It return filing

Dear Sir/Madam,
What should be the Income Head when a person getting Pension from State Govt.
While Filing ITR 1 for Assessment Year 2018-2019 there is only Head for mention as Salary and the other head is Income From Other Sources
But may I mention the Total Pension Amount received under the Head Salary ?
Pls. guide me for the same.


avrandco
19 May 2018 at 17:16

10(23)(iiiad)

Our is a Educational Institution. Turnover is below 1 crore. Now we getting Net loss for the A.Y.2017-2018. We filed return in ITR-7, but it shows defective u/s 139. The error is
Error Code-92
Error Description
Assessee has filed return in Form Type 7, and has not claimed any deduction/exemptions under section 11 or clauses of Section 10 or Section 13A or Section 13B in Schedule Part B-TI of the return

Probable resolution
If eligible for benefit of deduction/ exemption under section 11 or clauses of section 10 or section 13A or Section 13B the same need to be claimed in the return. In case the assessee is not an institution required to file return under section 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F) the return should be filed in prescribed form i.e ITR 1 to 6 , as applicable.

Shall I file in ITR-5


HARENDRA SINGH
19 May 2018 at 16:42

Adjustment of advance tax & tds

Dear Sir/Madam,

I have a proprietorship firm in the last F.Y. 2016.17 (A.Y 17-18). Advance Tax Rs. 55,000/- & TDS Rs. 6108/-. But we have not create any provision for Income Tax.

After assessment of this year we submitted ITR & refund of Rs. 3120/- credited in our bank a/c in Jan 2018. Our net tax liabilities around 58,000/-

My question is......... How we can adjust above TDS & Advance tax in this current F.Y. 2017-18 (A.Y. 18-19) in tally?

Also confirm to me, Provision of Income Tax under which head (Capital, Current Liabilities or P & L A/c).

Thanks & Regards

Harendra Singh


jyoti shantinath mudras
19 May 2018 at 16:15

Import of service

We are the Advertising Clip making production house - if suppose we decide to give contract to foreigner to make / design/ organised the advertising clip with consideration outside India. He does the same in the presence of Our and hand over to us the advertising clip to us Outside India. We save it on hard disk and come with this In India. After arrival in India We make changes and sale the final advertisement clip to the Company .
My Question is whether in the above case the transaction will be considered as Deemed Import of Service and have to pay IGST. Secondly we have to deduction TDS under Income Tax U/S 195.



Anonymous

Professionals in individual capacity and offering various expertise on contract basis are allowed to declare 50% of the gross receipts u/s 44ADA and can file the return of income in ITR 4 for AY 2018-2019
However ITR form 4 does not have provision for recording short term capital gain on sale of shares which attracts a special rate of tax and how will this be handled whilst preparing ITR 4
Alternatively which form can be used in lieu of ITR 4
Please advise


DIVYESH JAIN

Dear Sir,

I made a Sales bill in the name of my purchaser. To transport the goods I appointed someone to take the goods from my godown and deliver it to my purchaser.

Now the goods are taken away by my transporter and during transit the goods were lost due to theft. In this case what will be the GST implication as I have made the bill with GST to my purchaser but the transportation was done on behalf of me by my transporter who lost the goods.

Regards,
Divyesh Jain





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