My Client has Turnover of 40 Lakhs in last year, and he is doing Profession Business,

Do we Need To deduct TDS in Current Year as last Year We have audited the Financials??, OR We have To see the Limit of 50 Lakhs in as given in Section 44AB for Deduction of TDS?

one taxpayer did not paid RCM on freight for the year 2018-19 and he made payment to Transport so please guide me how to Paid RCM and avail ITC in 2019-20.

Hello frnds,
I want to ask if there is a branch transfer of goods or capital items from one state to another state .whether GST applicable on this transfer .

1) If goods are transnferred. Not for further supply is gst applicable

2)If goods are transffered for further supply is gst applicable

And

3)if capital items are transffered to interstate is gst applicable

Would also like to know that the mode of transport used in above cases. Is gst applicable on this means of transport

Whether profit share of associates company is taxable in hand of investor companies?

As per Notification of GOI Depreciation rate for vehicles (Including Cars,Truck) is applicable only to Transport Business or it may be any Business entity.That Mean A company Purchased Car for its Director,Purchased Trucks for outward supply of Material.

XYZ is having a shop cum restaurant. In the restaurant area they are giving e.g. one plate pani puri free on purchase of one plate biryani. In my view, they will be required to pay GST only on biryani and for pani puri given free, they need to reverse proportionate ITC for common credit. Is my understanding correct sir?

Hello Experts,

Our company Import Material China and Japan. We have Appointed a Forwarding Agent whom we pay money and Clear our Imports and Send us the Material to our Factory. Now the question is are we requried to deduct TDS on the Sea Freight/ ocean Freight and Freight and Forwarding Charges paid.

Whether the GST collection on Sale and paid on purchased to be shown in NEW ITR 5 in case of Trading Company in Trading Account or not

We have received compensation received from government for use of land to underground pipeline of rs 600000(Approx). Whether taxable or not ? Under income tax ? If it is taxable then which head of income is to be considered and under which section ?

We have rented out a Godown for storage of goods on a permanently basis at jamshedpur. Principal place of Business Ludhiana and the rented Godown, jamshedpur are in different state.

1. Whether we have to take new registration or there is any way out at present other than taking new registration.

2. If we take new registration what will be the type of registration warehouse/depot, office/sale office, whole sale business, retail business or any other.

3. Whether we can supply under current purchase order received from Jamshedpur to Ludhiana or we have to take new purchase order for godown at Jamshedpur.

4. What will be the sale price from Ludhiana to Jamshedpur. Whether we can clear the material at P.O. price received from our original buyer i.e. Jamshedpur or reduced price considering freight cost, rent and manpower etc. to be borne by us for supply from Ludhiana to our Jamshedpur Godown or we can apply 110 % of cost price to determine the stock transfer value

5. Whether do i need charge GST for above stock transfer?

6. Whether have I to raise 'TAX INVOICE' or 'DELIVERY CHALLAN'?

7. In E-way Bill, under sub-type do i need to select 'SUPPLY' or 'FOR OWN USE'?

8. Please Clarify Procedure for Sale from the Rented Godown - Invoice and E-way Bill.