Dear Experts,

Need clarification on the below:

To claim the benefit under section 44AE, assessee must be owner of the vehicle?
in our case assesse individual, who is using 2 vehicles ( Friend is the owner ) to transport the goods of compnay and company dedcuted TDS. for using friends vehicle he wil pay some amount every month.

1.If Registered Person taken the service from Drainage supply tanker person who is unregistered person. Whether this service attract RCM or Exempted ???

2.Sale of newspaper is exempted in GST. But sale of old newspaper is exempted or taxable???

3.IF the supplier is not updated one invoice in GSTR2A and receiver can take a claim of such invoice ITC in GST 3B & inform supplier to update it soon but if the supplier update the missing invoice after 180 days more from date taking itc by the receiver. In such case Whether such itc is eligible or ineligibile( to be reversed) in the hand of receiver????

Dear All,

Someone is dealer in Motor Vehicle whose value is more than 10 lakh. He needs to charge Compensation cess @ 22% on the value of said car along with CGST and SGST and also to collect TCS @1 % under Income Tax Act.


My Question is that
1. whether the cess will be charged on the only on the value of Car
or
2. On the value of Car+ 1% TCS

Schedule -1 of GST (Compensation to State) Act, 2017 says that cess will be charged ad valorem. Please clear the meaning of it.

party has raised following our purchase invoice ( EXAMPLE)
BELOW WHICH IS THE CORRECT ENTRY
MATERIAL COST 1000
FREIGHT 300
INVOICE AMT. 1300

1) PURCHASE A/C DR.1300
TO PARTY A/C CR 1300

2) PURCHASE A/C DR. 1000
FREIGHT A/C 300
TO PARTY A/C CR 1300

WHICH IS CORRECT & AUTHENTIC METHOD

What is the last date for dematerialisation of shares of Unlisted Public Companies and Listed Public Companies

A client of mine is a civil contractor. He is a partner in a partnership firm. All contract works, receipts , payments etc are carried out in the firms name and the TDS on contract receipts also deducted from the partnership firm.

The issue is that after the introduction of GST, registration was taken in the name of my client as a proprietor. So as per the GSTN , the registration is for a sole proprietorship, but the income tax is paid by the partnership firm.

Please advice me if this would pose an issue in the future? Should my client apply for another GST registration in the name of the partnership firm?

Dear All,

one of my private companies Loans and Investment made are exceeding the prescribed limit as specified in sec 186(2) i.e. higher of 60% of paid up share capital, security premium and free reserve or 100% of free reserve and security premium. Where the giving of any loan, investments made exceeds the above limit then prior approval by means of special resolution in general meeting is necessary and MGT-14 needs to be filed to ROC. so whether i need to file form MGT-14 for the same or Private company is exempted from it.? please help. do we need to file the same. we have already filed the Annual forms for the financial year 2017-18

Hi everyone actually i need your feedback can we cancelled a bill in GST.
if yes than how we will treat in GSTR1. Is need there any letter sent to GST department.

Sir,

In FY 2012-13, TDS deducted and deposited against wrong PAN, hence TDS credit is not showing in correct PAN number i.e. in 26 AS.

Now counter party demands to correct this issue.

Please help, what can we do now...?....Can it be rectify now ?.. so that TDS credit will show in correct PAN ( 26 AS).


Thanks in Advance.

PROPERTY-bought in 1969.sold in 2015. indexation benefit for 1981availing. In cost of improvement ,claims made for 1985-86 for improving stairs. 1996-97 for additions when husband retired & vacated govt. accomodation,in 2007-2008 when property letted out to multinational & lift (structure only)&7 toilets provided. EXPENDITURE OF COST OF IMPROVEMENT BY WITHDRAWALSIN BANK ACCOUNT.NO OTHER DOCUMENTS AVAILABLE AS DURING SHIFTINGS NOT PRESERVED ,as it was never presumed that property will be sold sometimes in future May I HAVE CITATIONS/YOUR VALUED VIEW FOR ACCEPTING BANK WITHDRAWALS FOR COST OF IMPROVEMENT. undertaking for this can be given sushila p nawalkha