Hey there,

One of our client is in manufacturing of packaging boxes and card board cut outs , they have purchased one such machine before 5 years means at the time of VAT and now they want to resale such machine .

Further They bill their invoice as per 12% rate and newly machine from manufacturer of such is 18% then what should be the rate at which invoicing must be done....??

Also as there is more than 5 years of purchase of machine so there is no such case of reversal.....

Hoping that answer with reasoning will be learn by me...

Dear Colleagues,

I have applied online for GST registration on 28/12/2019. on 30/12/2019 I received mail from GST department asking for clarification.When I met the Jurisdictional Officer he said that he wants to physically verify all the documents submitted online as Proof of ADDRESS. I gave him a COPY of RENTAL agreement .But he is stressing on Originals.
He says that he will be reject the application oi original documents are not submitted . Can GST registration application be cancelled on this ground?????

Please reply asap

Dear Experts,

We are in casino line. Can we take Input tax credit on Grocery purchased for making Lunch & dinner to staff and Guests?

Whether RCM is applicable if a body corporate pays to its Pure Agent , the amount which has been incurred by the pure agent for Rent a Cab service.

Whether RCM is applicable if a body corporate uses UBER, OLA services ( Taxi Service ) as these are E commerce operators.or the liability to pay the GST is still comes under E commerce operator.

Hello,
If i Ship items from India to Dubai for an exhibition and reimport them back to india, For documentation Purpose, who do i Bill the Items to.
Who are the consignees of the shipment.
Can I declare myself as the Consignee, go before hand and collect the shipment myself,

What is the Standard Practice for Shipment of exhibition Items.

Thanks

-Vishag

A vehicle is hired by govt.office but cost of fuel is borne by the govt.office.The owner of vehicle I.e supplier is unregistered.Shall the govt.office liable to pay gst @5% under RCM?The govt.office has gstin as a tax deductor.

CASE FOR OPINION
Where 85% of income of the trust/ institution is not applied to charitable/religious purposes the trust/ institution may accumulate or set apart either in whole or part of its income for future application for charitable/ religious purposes in India. For this purpose Notice u/s 11(2) of the Income Tax Act, 1961 is to be electronically filed to the assessing officer on or before the due date of filing Income Tax Return u/s 139 of the Income Tax Act, 1961. Notice is to be given in Form No. 10 / 9A . In case if the Form no. 10/9A is not electronically filed before this date the benefit of accumulation will not be available and the such income will be taxable at applicable rate.
Hon.’ble Commissioner of Income Tax is empowered to condone the delay vide circular no. 273 dt. 03.06. 1980 issued by CBDT u/s 119 of the Income Tax Act, 1961.
The assessee has filed application to Commissioner Income Tax, seeking condonation of delay. The notice for personal hearing was issued by Hon.,’ble Commissioner of Income Tax which was served on the date of hearing at 3.30 PM. The place of hearing is aprox. 350 KM from the place of assessee. Hence the assessee could not present for personal Hearing on the date and time fixed for hearing. Hence applied for another date on the next date of receipt of notice by speed post. The order for rejection of application was passed by the Hon.’ble Commissioner of Income Tax on the date of hearing itself.
The question for consideration is :-
1. Whether any remedy is available to the assessee and if so what remedy is available and under which section of Income Tax Act. Further if any case law is available the same be provided for the same.

Co-Operative society engaged in business of providing credit (loan) to its members,whether interest earned on fixed deposit with bank of baroda taxable?because source of fixed deposit with bank is share contribution from members and complusory deposite(Recurring Deposit) from members.

And whether profit comes from this business of providing credit facility to members is exempt u/s 80P?Kindly say which ITR to be filled and what is tax slab for this co-opearative society?Kindly inform as soon as possible

For AY 2008-09 we had received a demand notice against which we had filed appeal.
Demand amount - 43 Lacs which we paid in full on 6th Feb, 2010
Appeal came in our favor & order was passed with zero tax payable on 03rd may, 2018
Now interest on refund of tax paid ( which is 43 lacs) will be calculated from which date? whether it is from the date of Tax paid or from the date of passing order of appeals or any other date & at what rate?
we have not received refund till today.