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Kaustubh Ram Karandikar
16 September 2019 at 06:46

GST implications on Drawings

XYZ is a Proprietory Concern. The proprietor is withdrawing amount from time to time from the Proprietory Concern’s Account and the same is shown as ‘Drawings’ in the books of accounts. However, details regarding the expenses made against the same is not available. Will this have any negative impact under the GST provisions such as GST liability?


Ganesh
15 September 2019 at 23:32

Def of Export in FEMA

What is the meaning of "Grammatical variations and cognate expressions"


rajib bhattacharjee
15 September 2019 at 22:46

DISALLOW OF EXPENSES

SIR MY QUERY DISALLOWED EXPENSES DEBITED TO P/L A/C LIKE LATE FEE ON GST HOW CAN I SHOW IN SCHEDULE BP IN ITR 5


BG Pal

Hi, I have entered into an agreement with companies in Geneva and Singapore for providing IT consulting services as an independent consultant. From two companies I receive consulting charges in INR while from another company I receive in USD.
Recently, I have setup a proprietorship company for future business.

Request clarification on the following:
1. Is GST applicable on export services?
2. Is income tax applicable on the earnings from export services. If so, what the applicable rate.
3. Can I transfer my individual earnings in the current financial year to my new company books?
4. Is RBI compliance required for both Rupee and USD transfers? What the applicable limit and policy? Do I have to submit any application/ returns with RBI or other regulator bodies?


Imthiyas
15 September 2019 at 20:24

PF

can an employee opt out of pf while switching over to a new job. While he/she being contributed towards PF in their previous job and not willing to do so in the new job and if the income is more than 15,000.


Amit Shah
15 September 2019 at 19:34

GST on Legal Services

Request you to pls confirm whether GST is applicable under RCM on Legal services provided to Charitable Trust who is register under section 12AA. If yes than who need to pay the GST i.e. Service provider or Service recipient.

Also confirm whether GST is applicable on legal services provided by Pvt Ltd Co & they charged GST in their invoices & the same is paid by them.


yash
15 September 2019 at 18:08

GST on GTA services

What is the tax implications of transportion services provided by one Goods Transport Agent to another Goods Transport Agent? If such services are exempt from tax and attracts reverse charge, does the supplier have an option to charge GST on forward charge basis?


Akhil
15 September 2019 at 16:01

Direct Expense

Hi,

I am an event organizer and i am going for Malaysia for research purpose for year 2020 event and spent money for ticket and hotel accomodation for this purpose, Is it direct expense or indirect expense for my company.

With Regards


Abdul Kader

We have to incorporate a LLP in which there are 3 designated partners, 2 of them are contributing cash and the remaining one is contributing immovable property (land) as his capital contribution,

My query is:

1.Whether the designated partner bringing land will have to pay capital gain tax on introduction of capital asset in the LLP.

2. Whether proper transfer instrument needs to be prepared other than LLP deed.

Thanks & Regards,


TARIQUE RIZVI
15 September 2019 at 15:19

TAX AUDIT

Whether the due date of Tax Audit may be extended from 30th Sept to 31st Oct ?







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