i had left job in Jan 2018 & withdrawal of PF (before 5 years) is taxable. how tax will be calculate, can any one help me the same amount will around 1,70,000/- (3yrs working same organisation) i am in Slab of 20%

Hi Experts,

This is related to new notification passed in favour of tour operators mentioning as follows:

To allow ITC of input services in the same line of business at the GST rate of 5% in case of tour operator service

Can anyone provide the proper interpretation for the above ?

Does this mean that a tour operator can charge customer at total invoice + 5% GST and take credit on input service received like hotels / travel etc.

Finance Bill 2018 has made transactions relating to trading in agricultural derivatives which are not subjected to CTT as non-speculative.
Now, I have a loss in relation to a trade in agricultural derivative which I will show as speculative loss in my return of income of F.Y 2017-18 A.Y 2018-19 and carry forward it to the next year.
If from 1st April 2018, trading in agricultural derivative will be considered a non-speculative transaction. So, How will I set off my loss?
If my income from trading in agricultural derivatives will be non-speculative from 1st April, then will I have to forgo my loss?
Please help!

Dear All,

I have come across a situation where the place of supply is outside Maharashtra and the billing has to be done in the Mumbai office of the client. In such a case, would IGST be charged on the value of services or CGST and SGST would be levied?

Kindly assist.

Hi,

If the organisation appoiints an office boy on fixed term contract basis for one year, what will be the applicability of TDS on the same(i.e Rate and Section under which TDS to be deducted). The amount payable to office boy is Rs. 17,000 P.M.


Thanking you in anticipation

2 instalments paid not was not able to pay 3rd instalment as did not have required funds. Can I pay the last instalment now??? Will I be charged interest on the balance of 3rd instalment??? One auditor says the time has expired and can’t pay the last instalment even with interest. Please guide

dear all experts

we are registered under gst in punjab & have a branch in delhi

we supply material from punjab to delhi charging Igst.

now our delhi branch is returning material due to quality problem?

Kindly help me how to treat this transaction ??????

thanks in advance

What is the GST rate for person receiving commission income on plying n hiring of truck vehicle not registered on his name.

We are providing services to the municipalities for selection of sewage treatment plants, and other environmental issues.When contacted they say that they have been exempted to pay GST as per GST council Notification no. 12/2017 Central tax rate dated 28th June 2017 specifically exempt any services received by local authority in nature of pure services and which are used for any activity in relation to 243W of the constitution. Hence on the above grounds the same will be exempt to local authority and using such services for 243W of the constitution.

In such case are we liable to pay GST on the services provided by us to loal bodies?

How to reply/response notice clause (i), sub section (1) of section 142 of income tax act 1961 ?

is this scrutiny notice ?

notice received in relation to assessment year 2017-18 because return not file yet now.
please suggest