Respected Sir,

I’m working in a Pvt Ltd company, as a manager accounts, few months back we had A, B & C directors, who were also authorised signatories. In recent changes I have appointed as a director, A & B directors was resigned and the resigned directors are living in abroad (the resigned A director is not an indian & B director is living in abroad from more than 10 years). However there is no changes in the authorised signatory and we have not informed anything to the bank and we are sending the cheque books and bank related docs to abroad for their signature purpose and getting back the said docs. Is there any issue in this case? Secondly am I losing in this deal anything.

Kindly advise.
Thanks & Regards,
Manjula.M

CREDITORS FOR GOODS
TO PAY BILL-150000...EACH MONTH........150000*12=1800000........TO PAY DAILY CASH-10,000


FOR EXPENSES
EVERY MONTH BILL OF 40,000.......TO PAY 10,000*4...

IS IT POSSIBLE..........
OR TO SHOW ...WAY TO....PAY IN CASH ONLY......
WHAT WILL BE EFFECT....OR PENALTIES

Dear Experts
I missed to include 5 sales invoices for the months of August and September 2017. I am willing to pay the tax and interest in the current month GSTR3B.

1) Should i include it in next month GSTR 1 or only in the annual return for March 2018

2) Whether any penalty will be leviable on me for the missed out invoices.

Please Reply

Hello Sir,
My question is that, I am giving construction service to my client for Rs 100000/- and at same time that client supply material of Rs 15000/-, than on which amount I have to pay gst? whether on 100000/- or 85000/-? Kindly suggest me about that matter with section no/notification no about that.

Thanks,
Jignesh

In case of reversal of input tax credit, if its not paid within 180 days from date of issue of invoice then after 180 days liable for reversal.

My doubt is in that rules is given as failing which the amount of credit availed by the recipient would be added to his output tax liability, with interest [rule 37(1) & (2)], so interest is payable in every case of reversal or only in case of liability is payable ????

How to file revised return of ST-3 of 2012, 2014,2015 due to discrepancy noticed by the service tax department. What is the limitation period. If the limitation period is expires. What is the procedure for rectification of the errors in ST3.
Please clarify anybody.

Our company has its office in Mumbai ,this building is registered as a cooperative society .My query is we are paying monthly building maintenance charges for Rs.35000/- with TDS deduction .But Society is not agreeing for the same as saying no TDS will applicable for Cooperative society .Pls.advice.

Is it neccessary to convert memorandum of Compnies act 1956 into Compnies act 2013 in documents ..?? if yes then what will the formalities to be followed...??

Dear Sir

We are a manufacturing company and our holding company at Germany appointed their employee at India to look after the work to strengthen the business over India. He stayed in India for 6 months and our parent company had charged us 50% of his share and provided us the debit note for the same since they had paid the same. Now we dont have any agreement or board resolution for the same and given the approval for the same in verbal communication.

Now Audit Officers had carried out the point and they are saying us to pay service tax under reverse charge mechanism along with interest and penalty. Also debit notes provided by our company indicates Consultation Fee but the fact is it's and salary and bonus re-imbursement done by Indian company to the overseas.

Whether ST will be applicable under RCM since we have to look after the facts of services done and it comes under Manpower Classification of service and we have also shown them the act under Advance Ruling No. AAR/ST/13/2015 but they are denying the facts. Require your immediate assistance on the same and awaiting for your reply at the earliest.

Thanks & Best Regards
Chetan
Senior Executive - Finance and Accounts.

Hello,

Please suggest for any expenses incurred for the machine's service engineer towards travelling, lodging and food. In which account head these expenses will be pass.