CA. Mukesh Jangid

A Ltd entered into a contract with B Ltd for supplying free goods on pan india basis to the customers of B Ltd. (like watch MRP 2499 less discount 2499 = zero value).

B Ltd paying Rs. 500 per watch to A LTD.

Now Can A Ltd issue single invoice to B Ltd for all the supplies made on monthly basis ??

While distributing goods to B Ltd's customer via courier on individual basis, courier agency asking for tax invoice for individual supply.
How it is possible to give double invoices for same products?

Can we issue goods under delivery challan.
How to deal with such type of transactions under GST ?
Pls express your views..


chetan aggarwal
06 August 2017 at 17:49

GST UNDER CASH BASIS

i am an individual was paying service tax on cash basis as my turnover does not exceed 5000000 in previous year..now what is the procedure under gst whether is there any similar provision under gst...or what what will be the treatment if i received old dues on which i collected service tax



Anonymous
06 August 2017 at 17:08

Cash transection

i purchesed a residental house in rs 10 lakh
cercle rate cost rs 25 lakh
seller were 3 person
i gave advance 2 lakh in diffrent dates to them. and rs 8 lakh by cheque in finaly on registry.
any it rule voileted? what is my tax libelty and penalty?



Anonymous
06 August 2017 at 16:21

Gst rate

Medicine Shopkeeper was unregistered under VAT/CST or other applicable laws( only hold Drug Licence). on 1st July, 2017 he hold Medicine stock of Rs. 11 Lacs (Proper invoice Evidence hold my him). Now he want to GST Registration under Composition Scheme. I want to know that what is GST rate applicable on such stock. Is it 1% or Normal GST Rate. if Normal GST Rate applicable than can he take any credit of previous tax paid under VAT


DEVENDER THAKUR
06 August 2017 at 15:36

Which Tax will be applicable

If an Retailer (Jeweller in this case) sale the goods to a customer (end user)of other state and goods are handed over at the showroom itself, then which tax would be applicable. Will it IGST or CGST and SGST? Need a clear view in such supplies.


RAJA SINGH
06 August 2017 at 14:53

Commercial rental income

Commercial Rental Income below Rs. 20 Lakhs but Sales of goods above Rs. 20 Lakhs whether in the case also commercial rental income attract GST. in the Economics times dt. Jul 11 2017 Revenue Secretary Hasmukh Adhia said that if the house property is rent out for shop of office purpose, no goods and service tax (GST) will be levied up to Rs. 20 Lakhs. please light upon this.



Anonymous
06 August 2017 at 13:38

Section 44ab r/w section 44ad

Respect Sir,
What if a partnership firm(non LLP being eligible assesse) having turnover less than 2 crore with profit before allowing partner's interest and remuneration more than 8 percent but after allowing partner's interest and remuneration as per section 44(b) profit falls below 8 percent .whether firm can go for audit under section 44AB or should declare profit more than 8 percent.


Nisha Sonar
06 August 2017 at 13:04

GST on joint development

Land developer and land owners case Development agreement done before GST for tween bungalow. One for owner and other for developers Now a buyer is asking for Entire tween bungalow after completion certificate received. (Owner and developer are ready for this) Now What is GST Liability of land owner, developer and third party?


Jyoti


I am planing to purchase a land from eldeco company , the company take 12% gst on edc charges ( external devlopment charges ) .can i claim the gst 12 % which the buider can take from me , i have not gst number ????


sanjay
06 August 2017 at 11:41

time limit for investing in NHAI bonds

we have the long term capital gain of Rs 4.lakhs. sale date is 10-08-2016.... we are filling IT return now... will we get exemption ? if we invest the same amount in NHAI BONDS On or before 10-08-2017...





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