dear sir/ madam, What is the next step if application for clarification is regected ?

Dear Expert,

If advance received on 15th July and Invoice issued on 20th July in same month. Will i have to pay tax on advance received amount as per time of supply or need not required to pay tax seprately on advance ?


Please guide

We buy goods from delhi and sell it in Indore. We are based in pune.Which bills transporter will carry? Invoices raised to me by delhi firm and how will transporter have my invoices raised to Indore party? If delhi bills reach Indore party , they will know my purchase price alsoPl advise

Sir/Madam
My doubt is about the Rs 20 lakhs limit. If i have taken GST registration on a voluntary basis although my turnover will and always had been below 20 lacs . is it compulsory for me to pay gst or not ?

Dear All,.

When we apply for a new registration under GST for a proprietory concern, we have to select commissionerate code.
The query is, whether to select the code based on Alphabet of trade name or of the proprietor.
For Eg.
Trade name starts with T & proprietor name starts with N.

So how to select the commisionerate ?

Thanks.

One of My client having salary income in the field of Engineering proficiency deposit cash of ₹12 Lang approx to her daughter account who is 8 year old... And after making deposit he make FD in her daughter name... now the point is How to bifurcate the Cash deposit so that in future no problem arise from department.Source of cash deposit Engineering income of the client

I had taken a Home Loan in Dec '2013 for buying a Flat on CLP Plan. I have been given possession of the Flat in March '2017.
As per Section-24, Interest that has been paid before the completion of construction should be aggregated and the whole aggregated amount shall be allowed as tax deduction in 5 equal installments for 5 successive Financial Years starting from the year in which the construction has been completed.
In last 2 years, the Interest on my Home Loan was more than Rs. 2 lacs per annum. Is there any annual limit on the Pre-Contruction Period Interest on Home Loans for claiming deduction under Section-24? Or I have to just add the full Interests paid by me in the last 4 Financial Years and divide the total in 5 equal instalments for getting Tax deduction.

Hello experts,

Can a resident individual own 100% shares of a C corporation US based LLC without formalities of ODI?

The individual won't remit a single dollar but would receive money in the capacity as professional for providing services to this LLC owned by him.

Best regards
Shikha

Hi,

So, I have been searching for SAC for Ecommerce company acting as an agglomerator for online tradings of goods( for instance, service provided by Flipkart). However, I could not locate any specific code for such a service. Could anyone suggest the GST SAC (code) for such a service description ( providing portal for online selling of goods).

As per my understanding such an Ecommerce operator is only acting as a mediator to collect tax from supplier and remit to the Government; as the ultimate assessee would be supplier. Hence, no specific code for one such agglomeration service.

Please correct me, if I am going wrong with reasoning. Also, I assume SAC code would be mandatory for registration.


Thanks!

i filed my return of income for the assessment year 2016-2017 in ITR-4, this is the case of transport vehicle for hire basis to government department so I opted 44AE so I haven't maintained books of account and submit the return as per the monthly hire basis as per the income tax act, CPC Is showing income tax return as defective return they are asking about books of account I submit the income in the column of 44AE and not selected the 44AA, can I file the return in 4S as a rectification return or not, please suggest me, waiting for your early compliance and oblige.