Dear Sir,

Can a registered person take the ITC of GST charged by the restaurant for the food bills of office?

Please advise

Please Make Me Clear On the Provisions of GST Applicable on GST

Dear Experts,

Our office has arranged picnic for staffs, so in which head we have account the expense?

DEAR EXPERT,
IF WORK IS EXECUTED BY XYZ COMPANY FOR GOVERNMENT OR LOCAL AUTHORITY THEN THE TAX RATE WILL BE 12%. IF THE WORK IS BACK TO BACK SUB-CONTRACTED TO ABC COMPANY THEN WHAT WILL BE THE TAX RATE APPLICABLE TO ABC COMPANY.

In the beginning of FY 2015, I had bought a flat in an under construction building in Thane District. I have taken Home loan from State Bank of India (NRI sea woods Branch, Navi Mumbai), but so far could not get Income Tax exemption on home loan interest part as the flat is under construction, now in the current financial year (in February 2017), I am getting possession to this flat, considering this scenario, request you to please let me whether in addition to the current financial year's home loan interest exemption, can I avail the exemption on the home loan interest for prior financial years in the current financial year. Kindly note that approximate home loan interest amount for this financial year is around INR 1.9 lacs and the total loan amount is INR 46 lacs.

For your further information kindly note tat I am a salaried employee, have been currently working in Pune since September 2015 and have also been availing HRA exemption as I live in a rented flat in Pune.

Would appreciate an early response and any additional relevant useful information.

Thanks and regards,
Fazle

If an employee ( age 60 below ) is having more than 2,50,000 as salary. But after deducting his deduction under chapter VI A his income comes below 2,50,000, so he need no to pay tax. In such a case whether the employer need to deduct TDS from his salary ?

Hello Members,

Scenario: I paid a sum of Rs. 1000000 as advance to purchase a house property in 2014. Meanwhile, I availed a housing loan to pay the same.Due to dispute, the agreement was revoked and the advance along with the interest was received in 2017. Also, I had been paying interest on Housing loan for these years. Now, I have two queries:

1. Should I offer the Interest on such returned advance as Income?
2. If I should offer the Income, can I set off the interest paid to housing loan against it? (Net can be offered?)

Last F.Y (16-17) our turnover below 1.50 Crore , We already Filled GSTR1 for the month of July,2017 as on 01/11/2017, but we see that 23rd GST Counsil Meeting said that Taxpayers with annual aggregate turnover upto Rs. 1.5 crore need to file GSTR-1 Period 1)Jul- Sep - 31st Dec 2017 2)Oct- Dec - 15th Feb 2018 3) Jan- Mar - 30th April 2018 What to do now..............., Can We submit Aug17,Sep17 GSTR1 Return then Quarterly basis or ..................... please suggest

This notification only talks about CGST on supplies made to recipient for export, but what will be the rate of SGST on such supplies as there is no notification regarding the same concession on SGST rate?

1. I have recd cash gift of Rs 50000/- from my mother-in-law in FY 17-18, whether it is taxable in the hands of recipient or not?

2. I have not recd any salary since April 2017 as i have left the job, but i have undisclosed cash around 4 lacs & have deposited in bank. what should be the tax implication & treatment in the books of accounts.

kindly suggest valuable feedback