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Basua

Can a newly formed Private Limited Company issue shares to outsiders? Please state the process and compliances to be followed?


Raghavendra
20 October 2022 at 16:26

GST ON BUILDERS DEVELOPERS

Dear Experts,
How to calculate GST for below mentioned Transactions:

Sale of Flats Rs. 2,50,00,000/- including GST@5% (Builders Share)

1)Purchase with GST : Rs.65,00,000/-
2)Purchases without GST : Rs. 85,00,000/-
Rs. 35,00,000/- @ 5%
Rs. 50,00,000/- @ 18%
3) Labour Payment : 35,00,000/-
3) Indirect Expenses without GST : Rs.15,00,000/-

Land : 50% land owner (JD) plus 50 Own Land (4800+4800 Sqft)

Kindly suggest how to calculate GST?


Hitendra Agrawal

COMPANY IS UNLISTED AND ITS HEAD OFFICE IS AT SINGAPORE. ITS REGIONAL OFFICE IS AT DUBAI, INDIA AND AFRICA.

WISH TO KNOW IFC APPLICABILITY ON THESE 4 ENTITIES?


SOUMYADEEP GHOSH
12 October 2022 at 08:03

ITC CLAIM IN GST

Can I claim broadband gst input tax credit and broadband is used for my business purposes??

Please guide me....


rajdeep khatua
12 October 2022 at 07:58

INPUT TAX CREDIT CLAIM

Can I claim input tax credit for truck insurance which is used for business purposes and also it is in my name and I have sole proprietary business??
Pl suggest me..


RAMAKRISHNA
11 October 2022 at 23:43

WRONGLY SHOWN IN AMENDMENT IN B2B

Ge sir, we filed the gstr 1 with out showing cess amount in invoices after that i amended the invoices with cess but some invoices nos wrongly given, means " X " party original INV NO. is 2 but in amendment i gave to "x" party invoice no. was 3 ,, invoice nos are jumbled , amendment can do one time only ,2nd time amendment is not possible sir, how can i rectify the above problem sir, kindly give your valuable solution for the same , thanking you,


ashok r more

Hello,

Greetings for the day

We have to pay bonus of our contractual workmen (Workers on contract basis working under contractor's payroll) who are paid on monthly basis but as per present days in a month.

Out of 365 days in a year there are mandatory holidays also like 26th Jan., 15th Aug., 1st May., Holi, Diwali etc (excluding 52 weekly offs).

SO my query is is there any maximum days limit for calculation of bonus payable ..?

Your expertise will help me for calculation the bonus sheet.

Thanks in advance.

You can reach me at : ashokmore582@yahoo.com


edgar sylva
11 October 2022 at 19:40

Brokerage payment

Having sold my flat I have to pay 1 pct brokerage to my broker.
Do I have to deduct tax on this brokerage before issuing her a cheque or can I pay the whole amount to her?
She has said that all taxes and charges will be paid to the Govt by her firm.


kollipara sundaraiah
11 October 2022 at 17:53

Itc claim procedure in gstr3b

Sir,
A registered gst dealer itc details mentioned below
July -22:
Itc claim as per gstr2b cgst rs:24,239/- sgst rs:24,239/-
Itc claim as per books cgst rs:26,567/- sgst rs:26,567/-
August -22
Itc claim as per gstr2b cgst rs:12,897/- sgst rs:12,897/-
Itc claim as per books cgst rs:10,237/- sgst rs:10,237/-
Question:
1.Dealer itc excess and short fall adjustment compulsory every month
2.dealer itc claim as per gstr2b only.


ARCHANA K

After removal of the authorized banks from NSDL we are not able to download the TDS challan (CSI) file through NSDL OLTAS challan enquiry status for the months of July 2022 to September 2022 (TDS 2nd quarter). If it is the case, Please provide a solution to download challan CSI file as I have contacted the Income tax department, as per them challan csi files cannot be downloaded through the income tax site only challan pdf files are available on income tax portal.
Need it very urgently as the due date of filing TDS returns is on 31st October 2022.








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