Dear all,

my dealer is distributor and his turnover is more than 10Cr Per annum, he is filing regular gst returns

now he wants to enter in construction (building construction) works

gst input should not take in building construction work, and he has to pay 1% or 5% gst tax on sales

please advise me
can he continue with same gst number which gst number is using for distribution business
or
is he needed to take separate GST number (as vertical business)

because input should not take in construction work and should take in distribution
data may be clumsy for gst returns & may get call from department for clarification

DEAR SIR,

we are maintaining our operations in 14 locations in entire india. We are maintaining consolidate balance sheet for all our locations. In this connection, if want to file our GSTR 9C and GST R 9 then is it require individual balance sheet and profit and loss accounts require or shall we upload consolidate balance sheet with profit and loss account with note .

I have taken article termination in 2018 but unable to fill the and my principal will give the termination from this date what should I do now

Dear Sir,

Can anyone send me the draft resolution for surrender of share certificate which need to submit to the bank .

Is S. 269SS applicable to a Nidhi Company since it deals only with its members.

taxation of Dividends from mutual funds

Plz help
What are the acts and procedures to be followed by a client in India while investing in a firm/company located at thailand (investing in a foreign business)..??
Thanks in advance for the reply.

If builder purchase cement, tiles, TMT bars etc. for construction of residential houses/apartments or commercial complex. After construction, he will sell the house or complex.
Is ITC of GST paid on cement, tiles, TMT bars etc. available to the builder?

Hi sir/madam
How to differentiate between under reporting and misreporting of income?
My understanding on this as follow;
When recorded income is less than the actual income then it turns to be under reported income and later it will go for a test of misreporting u/s 270A(9)(a) to 270A(9)(f), if such under reported income satisfy any one of the limb under 27A(9) then it shall tuned to be under reporting of income due to misreporting of income and penalty shall be 200% of the tax liability.
If such under reported income does not satisfy 270A(9) than it will be under reporting of income by standalone accordingly penalty shall be 50% of the tax liability provided recorded income is less than actual income.

So finally we can say that ;
recorded income < actual income = URI and it will go for a test of misreporting u/s 270A(9), if non of the limb get attracted from 270A(9)(a) to 270A(9)(f) then it will be under reporting of income and penalty shall be 50% of tax payable.

Is this my view is correct? if not please correct me ASAP

Thank you in advance

ON 23.01.2020, GUJRAT HIGH COURT GIVEN DECISION REGARDING GST ON IMPORT OCEAN FREIGHT IN THE CASE OF –MOHIT MINERALS V/S UNION OF INDIA. ON 23.01.2020. HON. HIGH COURT DECLARED THAT NOTIFICATION NO.8/2017 INTEGRATED TAX ( RATE ) DT.28.06.17 & THE ENTRY NO.10 OF NOTIFICATION NO.10/2017 , INTEGRATED TAX ( RATE ) ARE BY ULTRA VIRES.

MR. NIRZAR DESAI THE LEARNED STANDING COUNSEL APPEARING FOR THE UNION OF INDIA ,MADE A REQUEST TO STAY THE OPERATION ,IMPLEMENTATION, & EXECUTION OF THE JUDGMENT.
HAVING TAKEN THE VIEW THAT THE IMPUGEND NOTIFICATION & THE ENTRY NO.10 THERE IN ARE ULTRA VIRES THE IGST ACT 2017. THE HON. GUJRAT HIGH COURT
DECLINE TO STAY THE OPERATION OF JUDGMENT,

HON.JUDGE- 1) J.R.PARDIWALA
2) A.G. RAO

DATE-: 23.01.2020

MY QUESTION IS RCM GST ON IMPORT OCEAN FREIGHT IS IS TO BE PAY OR NOT PAY

PLEASE GIVE EXACT ANSWER.


REGARDS

RAJKUMAR GUTTI