Dear Experts.
Pls tell me weather limit of 10000 per is applicable even in case of purchase or not?
THANKS
KARAN GUPTA
dear sir my firm came under audit limit and I want to know is there any difficulties in selling goods to non gst registered person or gst registered person in cash ?? is there any procedure we have to follow to sell them in cash like taking their aadhar card or pan card xerox or any other thing.
Input tax credit rules for capital goods purchased and used exclusively for business only Can i avail 100% ITC in the first year itself??
Us their complosry for transporter to give detail of outward supply on which tax is payable under rcm in gst return
Good Morning! which rate is applicable for export, 1.Custom rate available on CBEC 2. Custom rate on shipping bill 3. RBI daily ex.rate
Hello, Please let me know Income Tax treatment for following scenario; 1. The Person has won Lottery of Rs. 10,00,00,000 /- in United States of America, and they have deducted federal tax @ 30% and decided to remitt Rs. 7,00,00,000 /- to that person... 2. The person is Ordinary Resident and he has gone there on Tourist Visa..So he don't have NRE or NRO account as he is not NRI..he was there for 1 month only.. Now below are my questions A) Can he deposit his foreign currency cheque to his normal Indian saving bank account ?? and if yes then how much days it will take to credit the money in his account ????? B) What will be the tax treatment.. will he get benefit of Federal tax Deducted at Source by US..as If he shows Income of Rs. 10,00,00,000/- the Indian Income Tax will be around Rs. 3,50,00,000/- and US has already deducted Rs. 3,00,00,000/- so what will be his tax liability??? (Rs.3,50,00,000 - Rs. 3,00,00,000= Rs. 50,00,000/-) OR (Rs.3,50,00,000 + Rs. 3,00,00,000= Rs. 6,50,00,000/-) C) OR Is he has to pay tax on 7,00,00,000/- i.e 2,48,50,000/- So his total Tax will be Rs. Rs. 3,00,00,000 + Rs. 2,48,50,000 = Rs. 5,48,50,000/- D) If he gets benefit of Federal tax deduction then how to show in Income Tax return and where is column in Excel file of return to fill the details?? Kindly clarify ASAP..awaiting reply....quick response is expected from you guys..
Can i get indirect expenses wise gst rate for rcm payments
Bill received towards transportation of moorum for roadwork..he is urd dealer..he has not register under the Gst..can the receiver liable to pay Gst@18% (shall i deduct 18% from contractor bill)
Online GST Course - Master the Fundamentals of GST with Practical Insights
Sec 40a(3)