Hello Sir,
i am going to apply for Export Refund on GST FORM RFD-01 A under a option of -Refund of ITC on Account of Exports Without Payment of Tax, there is a Formula for calculation of Refund is-[ Turnover of zero rated supply of Goods & servies × Net Input Tax Credit ÷ Adjusted total turnover ]
In this Formula, i didn't understand what is "Net Input Tax Credit " ? because the Refund calculation base on this, so please tell me.

Thanking You,

Dear Sir,
We are confused about the way bill . Some party demands e-way bill although it has been postponded by the government.My question is from which date it will be started again . Is there any government news regarding this ?

Pls advise

Whether we can take credit of tax charged on contractor bill for renovation of Rented office?

We are paying marine insurance auxiliary service ( survey Fess ) charges.
for our import goods at JNPT ,Mumbai ,Port trust to vendor.

Can we get GST - Input credit on this services.

Please guide.


Thanking You,

Rajkumar Gutti

DEAR SIR/MADAM

I have Cleared CA-IPCC Group 2 in November-2017 and My Articleship is Completed on 13/02/2018.whether it is mandatory to Register for CA-FINAL within 1 Month from the Date of IPCC Result ?

sales turnover 50,00,000
Expenses 47,50,000
net profit 2,50,000



Individual required to get his accounts audited ? is net profit less than 8%
and also individual maintain books of accounts.
Please tell me audit is applicable or not in this case

Hello Experts
My client is selling the property and he will purchase the new one within time period.
The purchase price as on 01.04.2001 was Rs.17 lac and the indexed cost comes around 46 lac. Now i am confused which price i should take for calculating capital gain. The sale price is approx Rs45 lac.
Pl guide me , can we claim loss and take cost after indexation or before indexation .
Regards

One of my client gave his land to builder to construct flat on condition that the builder will provide 2 flats to land owner. Now the builder is asking land owner to give Gst. The builder handed over the flat in last month and the agreement between land owner and builder was made 3years back. Please let me know whether the land owner will be liable to pay the Gst or not.

Dear Experts,

Maharashtra vat department send me assessment notice for fy-11-12, we are revised vat return for the period of 01/04/2011 to 30/09/2011 then after we have not revised mvat return upto 30/09/2015. In fy 2011-12 we have sold material against H form but we have not received H form yet. now we are ready to pay tax liabilities against H form sale as per m vat schedule. please tell me now can we revised m vat return FY-11-12 to FY-15-16.

In FY-15-16 we have not filed mvat & cst return for the period of 01/09/2015 to 31/03/2016 so please tell me late fees & we have sold grapes & amount is above 2cr so can we show gross turn over including grapes sales if grapes sales is exempt under m vat then where we will show this amount in vat return. We have OMS sales Grapes .

Thanks & Regards

I filed ITR in July 2017 and right now I got notice from income tax that ITR ir defective & shows error code "86". I was selected nature of Busines 0301 commission agent. I select this every ITR but received any notice. Right now I got notice u/s 139(9). I am an Medical Representative (M.R) and apart from this also getting commission for sale of product. Give your suggestion how to handle this and how to fix issue? I need to change nature of business (business code) / change my commission from 44AD to other source income / which Income code comes under this. As the notice shows probable solution that "The above defect has to be corrected by way of computing the profits and gains of business under the normal provisions and not under Sec.44AD and offering the same".
Please advise me.

Thank you