Marimuthu
18 August 2023 at 15:34

GST implications on water

Dear Experts,
1 A company is purchasing the drinking water in three types.
a. Type 1 : As a tanker lorry load.
b. Type 2 : As s unpacked cans.
c. Type 3 : As a packed cans
2 Query:
GST implications on these types?


motilal

Dear Sir,

We have hired 6 seater car for our company for Rs 2000/- including fuel from unregister person.
This Car is used for our auditors.

My Question is how much minimum reverse charge we can pay for this hiring. Is it possible to pay 5% Reverse charge and in this rate of reverse charge cenvat credit is allowable?
Pls advise.
Regards
Motilal


Marimuthu
18 August 2023 at 14:31

1% TCS from EX-showroom price

Dear Experts,

1 A company purchases a car for buisness purposes, which sale value is more than Rs 36.00 L.
2 This sale consideration consists of Ex Show Room Price, Road Tax,Insurance, handling charges etc.
3 Dealer collects 1% TCS from EX-showroom price.
4 Query is:
Whether the dealer needs to collect the TCS at 1 % on Ex-sowroom price or inclusive of all the charges as mentioned above


Sunil Patnaik
18 August 2023 at 13:50

RCM on Received of Security Service

Respected Sir/madam, I have received security service from a unregister organization, Should i pay RCM on Paid of Security amount. Kindly Suggest.


Shikha gupta
18 August 2023 at 13:17

INCOME FROM TRADING OF SHARES

HI
How the income received from trading of shares is calculated and taxed for income tax.in both cases short term as well as long term capital gain. What is the tax rate applicable in both cases


praveen Nautiyal

CAN COMPANY TAKE ITC ON EVENT BILL FOR BUSINESS PROMATION.


Vinod Kumar Shukla

Dear Expert,

I request yourself to provide me the GST rate applicable on Air Freight in Export and Import shipments and type of GST i.e CGST + SGST or IGST.

Thanking you,


aarya
18 August 2023 at 11:38

PTM 03 UNDER GST

I HAVE FILED PTM 03 FOR RE-CREDIT OF DISALLOWED REFFUND , HOW TO CHECK STATUS OF SAID BALANCE.


Kunal bhorde
18 August 2023 at 11:18

Wrong Filling of ITr

I have filed ITR-5 With "Pay later" option. ITR of partnership firm which have liability around 4K.
what to do in that case. i have to file revise return or wait? or I have to make payment of it ? what should i do ?


raghavendra b
18 August 2023 at 11:13

Sale of immovable properties

DEAR SIR,

ONE MY CLIENT, PURCHASED AGRICULTURAL LAND AND DEVELOPED LAYOUT, AT LEAST MORE THAN 138 SITES WILL BE DEVELOPED FOR SALE. NOW MY DOUBT HOW TO CALCULATE HIS CAPITAL GAIN ON HIS SALE OF SITES. BECAUSE SITE WILL BE SOLD AS ONE BY ONE ALL SITES WILL NOT BE SOLD IN A YEAR. WHAT ARE THE EXPENDITURE TO BE DEDUCTED. HE DID NOT HAVE GST REGISTRATION.

IF IT IS NECCESSARY TO BE TAKEN GST REGISTRATION AS A DEVELOPER TO AVOID LARGE CAPITAL GAIN TAX BY COLLECTING GST FROM BUYER OR TO BE PAYABLE CAPITAL GAIN ON HIS SALE OF SITES. PLEASE YOUR VALUABLE SUGGESTIONS VERY MUCH NEEDED.

REGARDS






CCI Pro



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