Kollipara Sundaraiah
This Query has 2 replies

This Query has 2 replies

01 April 2020 at 18:32

Tax applicable on interest income

Composite scheme dealer detailes mentioned below .
1. Sales turnover Quater 4th Januvary to march,2020 Rs.6,00,000/-
2.interest income on sundry debtors( cash loan) Rs.72000/- yearly.

Composite tax payble on sales turnover only. or interest income tax applicable .


Sunil
This Query has 3 replies

This Query has 3 replies

01 April 2020 at 12:50

Surrender GST Registration

Dear Experts

We are a Labour Law Advisory (proprietary) company registered under GST since July2017 & before that we were registered under Service Tax regime.

1) What is the current turnover limits for service providers under GST because we are planning to surrender GST registration.

2) If we fall under Pt 1 then would the following suffice before we make an application for surrender:

- filing GSTR3B for Mar2020
- filing GSTR1 for Jan-Mar2020 &
- filing GSTR9 for year 2018-2019 & 2019-2020

3) Do we need to take care of any other aspects other than Pt 2.

Your early revert will be of great help.

Thanks

SUNIL


Nikkk
This Query has 4 replies

This Query has 4 replies

Deal All,
Can we take in any case ITC on group medical insurance provided by the company for Employees? and not charged any fee from employee.


Nikkk
This Query has 2 replies

This Query has 2 replies

01 April 2020 at 12:29

ITC on penalty charged by BSE or NSE

Can we take ITC of GST on penalty charged by BSE or NSE?


deepak
This Query has 2 replies

This Query has 2 replies

31 March 2020 at 17:27

Professional services under gst

If person provide professional services to His client so it also comes under regular taxpayer scheme and liable to file gstr-3b and gstr-1?


SACHIN RAWAT
This Query has 3 replies

This Query has 3 replies

31 March 2020 at 17:06

GST on Interest Income

Respected Sir,
In my business private limited company, there was a case under litigation from which (sundry debtor) I received the whole amount with interest . So my question is that should I need to pay GST on interest income earned.


prachee
This Query has 2 replies

This Query has 2 replies

Due to delay in shipment we need to pay some amount as detention charges and as per term , we need to recover the same from the customer .

weather we should raise debit note / or invoice?


deepak
This Query has 4 replies

This Query has 4 replies

31 March 2020 at 07:04

Credit ledger balance query

One client has credit ledger balance since march return 2019. And credit balance available in my client gst account .So query is that can we utilise credit ledger balance agaist outward supply liability as on today february 2020 gst return.


R.KANDASUBRAMANIAN
This Query has 3 replies

This Query has 3 replies

30 March 2020 at 12:03

GST annual return 31.3.2019

Exemption from filing 9C reconciliation statement for the year ended 31.3.2019 is applicable for all dealers having aggregate Sales below Rs 5 crores or only SME registered dealers and as such is applicable for dealers engaged in trading business


JIGNESH
This Query has 4 replies

This Query has 4 replies

30 March 2020 at 11:51

For Credit note issue after merge.

I have two companies, Company-A & Company-B. In this B company to merge in company A. than after I surrender GSTIN of compnay B. Now, my query is what to do if sales are return from company B. How to issue credit note against sales return from company B. (Company B was already surrender)
Please help me.






CCI Pro



Answer Query