VISHAL GUPTA
21 November 2019 at 12:05

RCM Applicable- Car hiring service.

Dear Sir/Madam,

I am working in a Software company which is Public limited company.

The Vendor / service provider, which is non-corporate, is serving as a cab facility for our employee pick and drop and when we need it for business travel, we hire the car for the time being from the same vendor.

As per notification 22/2019 CT-
Vendor are telling us that you will have to pay GST directly to government under Reverse Charge Mechanism.

Please guide us that when the company takes car hiring service from any non corporate then the RCM will be applicable to the company.

Thanks & Regards,
Vishal Gupta


Chandy
21 November 2019 at 11:22

FILING NIL INCOME TAX RETURN

Hi,

I have been filing ITR 1 till FY 2017-18. I have resigned and have not earned any income/salary during FY 2018-19. Is it mandatory to file NIL return or FY 2018-19. I have received communication from IT dept for not filing returns for FY 2018-19. What should I do. If I have to file NIL return which ITR should I use?


Jitendra

Dear Sir / Madam,

I want to know, if we issue credit note for rate difference against export of goods which is made against payment of IGST.
Instance- we export goods for INR 1,00,000.00 and charged IGST 5000.00 that is refundable. After receiving the goods buyer issued a debit note equivalent to INR 10000.00, so we issue credit note for Rs. 10000 + 500 IGST for which we credit the account of the buyer for INR 10000.00 and debit IGST account for 500.00
In this instance we observe that we are taking benefit of ITC for INR 500.00 twice, as once we used against export of goods and get refund , other time increase the same through credit note.
Could you please advise how should we make the proper treatment of the GST in above case (against export)?

If we issue credit note without GST, the portal does not accept same as original invoice is issued against payment of GST.





suresh
21 November 2019 at 10:20

Gst returns

a proprietor is yet to start who's turn over is nil, having GST Number.
Should any monthly returns be filed for GST. Is there any minimum amount payable monthly even if no transaction is done.


suresh
21 November 2019 at 10:15

EPF PENSION SCHEME

I HAD WORKED IN A MNC CHENNAI FOR 13 PLUS YEARS AND GOT MY PF SETTLMENT TODAY.
BALANCE AMOUNT IS CREDITED TO EPF PENSION ACCOUNT.
WHAT IS THE PROCESS FOR APPLYING THE PENSION SCHEME THRU ONLINE



DIVYESH JAIN

Dear Sir,

I have received a notice from GST officer as NOTICE FOR INTIMATING DISCREPANCIES IN THE RETURN AFTER SCRUTINY.

While going through my GSTR-3B and GSTR-1 returns it shows that the amounts are completely matched apart from the Non-GST sales which I have mentioned only in GSTR-1 in the Non-GST column. My cleint is into Transportation business and in regsitered under Reverse Charge Mechanism. Hence he is not liable to pay any GST.

In GSTR-3B I have put the Sales amount in Nil Rated sales for the above mentioned person and in GSTR-1 I have mentioned the sales amount in the Outward Sales column.

Please help me how can this issue be resolved.

Regards,
Divyesh Jain


Chandrasekhar TVS

Usually, it has been the procedure to start educational institutions like Medical colleges in the form of societies, trusts or sec 25 companies (1956 Act ) . But my query is whether a Pvt ltd company can be established for running a Medical college which will be a tax paying company and whether MCI will permit that. If so, are there any such institutions in the country now running such colleges. This apart, what are the guidelines under GST Act on this?
Please enlighten me on these aspects and also the repercussions.


Subramanian K

got a house thro family settlement from father in2016
father purchased the house for 5 lakhs in 2000
now if I sell for 8 lakhs how to calculate capital gain .pl explain


Chaitanya Gandre
20 November 2019 at 20:23

Opting section 44 ad and 44ada if i tax

if an assessee have trading business income having Turn over upto .50.00 lakhs and professional receipts 40 lakhs .can he he compute total taxable income opting
section 44ad and 44ada?


kathuri spandana
20 November 2019 at 18:41

GST reversecharge from 1 st oct 2019

if company hiring motor vechicles from GST registered proprietorship , is these service is liable for reverse charge as per new rule