1. What is the GST rate for Air Travel Agent
5% or 18%

2. On which amount this rate will be charged
on commission or on base fare of air ticket

3. How will valuation rules under GST apply to Air travel agent (it says 5% of Basic fare is value of services)

4. Which ITC is an Air Travel Agent elegible to take.

5. Any relevant section/clause/rule for computing tax liability and input availability

Whether Nil itr of Fy 2016- 2017 be filed without any penalty before 31st july,2017?

Respected Sir,

While filling up my ITR-1 online I find that in Sch TDS2 a particular Bank TDS deposit
against my fixed deposit interest is being shown less ( to the extent of TDS in respect to 1st quarter 2016-17 FD interest ) than what is actually deducted and shown in my AS26 and Form 16A (TRACES) issued by the concerned Bank .
may I change the amount shown in Sch TDS 2 in ITR- 1 shown against that particular bank or add the differential amount in the Sch TDS 2 in another additional line.
please suggest and oblige.

With Reards,

Yours Sincerely

Asim Kumar Das

An indivisual having interest income (on unsecured loan, FD and saving bank account) under Other Source Head.
He also have some interest exp. on unsecured loan
Whether he can claim the same exp. and if yes then under which head and how ??

Hi ,
Recently my wife and mother received message for E filling . When i reviewed the 26 AS , some amount deducted as a TDS .
1.They already fillied 15G form ,why this amount deducted .
2. Which form they have to file to get back return .
3.They having FDs in SBI , but we could not calculate total interest earn as a income .

what is rate of gst on man made fabrics on loom job work. it's fall in hsn code 9988. we think it is 5% but some of officer of gst says that it is 18% because it is process of yarn not fabrics.

Credit Taken in Basic Custom Duty under GST Law? Please Give me suggestion

Dear Sir,
We are offset printer, we provide printing works for our clients they provide us paper and we do printing for them.
Earlier in vat we used to charge vat 6%.now in Gst what will be the HSn code and rate of tax.

BEING AN EXPORTER MANUFACTURED GOODS AND EXPORTED TO A FOREIGN COUNTRY AND RECEIVED PAYMENTS THROUGH BUYING AGENT FOR EXAMPLE RS.95/- AND INVOICE PREPARED BY THE BUYING AGENT (SUPPLIER) TO THE IMPORTER FOR BANK PURPOSE. WITH REGARD TO SHIPPING BILL, CUSTOMS CLEARANCE AND DUTYDRAW BACK ARE RECEIVED BY THE MANUFACTURER EXPORTER AGAINST RS.95/-THE SUPPLIER ( BUYING AGENT ) PREPARE BILLS FOR RS.100/- AND RECEIVES PAYMENT THROUGH BANK RS.100/-IN THE NAME OF NOSTRO BANK A/C AND THE BANK TRANSFERS RS.95/- TO THE EXPORTER-MANUFACTURER AND TRANSFERS RS.5/- TO THE SUPPLIER ( BUYING AGENT)
KINDLY CLARIFY THE IMPACT UNDER GST ACT , SINCE INVOICE PREPARED BY THE BUYING AGENT AND PROCESS THE PAYMENT AND RECEIVES RS.5/- ONLY IN HIS FOREIGN INWARD REMITTANCE A/C. THE BANKER SAYS ALL THE PROCEEDINGS ARE AS PER RBI NORMS. KINDLYCLARIFY THE IMPACT OFRS. 5/-AS COMMISSION AND FUTURE CONSEQUENCES FOR BILLING RS.100/- TO THE IMPORTER.
WITH REGARDS
CA.P.SHANGAR

Dear Sir / Madam,

one of my client has nearly Rs 14 lakhs of stock which he is purchased by paying CST 2 % , now what is the treatment of that goods, is he eligible for composition if his previous year turnover is less Rs 50 lakhs.

please guide i can opt for composition sche or not , if yes what is the treatment to be followed for existing stock.