We are manufacturing unit and iron scrap is generated. We sell it and buyer gives us 27c form against invoice for not charging tcs in invoice. My question is that though tcs is applicable on scrap but as our Turnover is less than 1 crore, is tcs collection necessary for us and for collecting tcs tan no is mendatory for us or not.

We are manufacturing unit and iron scrap is generated. We sell it and buyer gives us 27c form against invoice for not charging tcs in invoice. My question is that though tcs is applicable on scrap but as our Turnover is less than 1 crore, is tcs collection necessary for us and for collecting tcs tan no is mendatory for us or not.

Dear Sir/Madam,
My name is Bikash kumar.
I have recently qualified CA in November,2017.
I have decided to go in job.
I am confused to choose my carrier option because i am interested in both finance as well as direct taxation.
Please let me know about the growth in finance or direct taxation.
I want to do international taxation, if I go in direct tax
Please tell me as early as possible.

Thank You
.

Travel Agent booked hotel for say 10000/-, and collecting from customer 11000/- plus applicable GST.
Can he charge 28% or applicable GST on 11000/-, instead of simply paying 18% on his Mark-up component.

Mr.A doing a business of auto finance within 500000 turnover monthly.what are the important books keeps by Mr.A?

I am a distributor of Top N Town ice cream and i bought a computer of Rs. 32000 (incl. of GST of RS. 4500) so i want to know may claim this ITC.

I intend to buy a flat in Virar.
I am having only 25% of the funds for the same.
I do not wish to opt for a home loan from bank.
My paternal grand mother is willing to lend me the balance 75% amount by cheque.
My query is whether it is advisable to borrow the balance amount from her and buy the flat in my single name.

Further do I need to disclose this in my ITR 1 or 2 and whether any registered or notarised documentation is required to be executed between us for the above borrowing transaction ( gift or loan) from my grand mother

Dear Sirs,

We have taken all sales in B2C, but out of the same, few invoices were of B2B. The return has been filed.
How to rectify it.
Secondly, Last Year & Q1 Turnovers are filed as NIL, can we recitify this too.

Thanks.

We should apply for inspection or verification so that we get our marks Totalled?? For increase in number

Dear Member,

As you all are ware that, reverse charges on purchase of goods/services from unregistered dealer from the month of Sept'2017 has been postponed till 31st March'2018. Means there is no need to pay GST under reverse charge mechanism from sept month on purchase of goods/services. So, my question is that, if we import services from outside India (exporter of service is unregistered) and we used to pay GST under reverse charge, so do we need to pay GST under reverse charge mechanism.. Please advise.