Hello!!!

I am ,living in India , providing educational consultancy services in India. Am I liable to collect from customers and pay the amount of service tax to the government?

We are a manufacturer located in Maharashtra. We are receiving Sales order from Commission agents located in Sri- Lanka.

Our Commission agents doing marketing for us and gives order for supply in various country like Canada, Australia etc. Purchase order is directly received from customer to us (in the name of manufacturer). We are paying commission to commission agent as percentage basis. We are supplying (export) direct to customer.

In this case Commission Charges Paid to commission agents.will attracts gst on it? (or it is a import of service) & GST is paid on Reverse Charge Basis & claim the ITC. Please explain

1. We are a manufacturer located in Maharashtra. If we received Purchase Order from Buyer located in Andhra Pradesh and Consignee is Located in Gujarat where actual supplies takes place.
It is a inter-state transaction & IGST is applicable. But Person who is paying us i.e. Buyer. Can buyer ask to issue us a separate invoice in this case or consignee is required to issue invoice to Buyer.Please explain

2. We are a manufacturer located in Maharashtra. If we received Purchase Order from Buyer located in Gujarat and Consignee is Located in Maharashtra where actual supplies takes place.
It is a intra or inter-state transaction ? which tax is applicable. CGST or IGST . Please explain above 2 transactions.

As per sec.50C which amount is to be taken as sale consideration for computing capital gain. Fair market value adopted by stamping authority or the value written on the sale deed which is actually received by the assessee. Is sec 50C is a presumptive provision. please explain.

A company incorporated in August 2016 with authorized & subscribed capital of Rs 1 lakh, but has not yet brought capital in the company. My query- Is it necessary to introduce the capital before a fixed time limit? Please provide relevant rules/section.

Thanks in advance

one of my client had plot of land which was given to a develeoper (builder) for construction of flats and shops. In consideration 40% of flats and shops were given to my client. He is selling flats/shops one by one. My question : whether income on sale of flat would be taxable as business income or capital gains ??

Read more at: https://www.caclubindia.com/forum/land-given-for-development-business-income-or-capital-gains--385434.asp

dear experts,

please advise me how to calculate turnover for audit purpose as per given below details :-
1. how to calculate turnover for audit purpose when we purchase and sale shares on same day i.e. future & option.
2. purchase and sale of shares on different day and STT is paid. holding period below 1 year
3. purchase and sale of shares on different day and STT is paid. holding period above 1 year.

please guide me and advise as per serial number.

thanks regards,

rakesh kumar

we are having professional income showing under head PGBP. but not preparing B/S & P&l A/C 's.How to show it in ITR Form, Please explain

What is the maximum deduction allowed for professional tax paid in Income tax calculation?

One of my friend was working in India from apr 16- Dec 16 , and now moved to Abu dhabi.
He is receiving salary there from Jan 17 to Mar 17
what will be his tax liability for the salary received in abu dhabi ???