Sir,
We are charging Rs.8500 per student for hostel accommodation for a private Coaching center in Malappuram Kerala. The amount includes food , rent and upkeep Charges etc. Ourselves a GST-registered party. Do we charge @ 12% by considering mixed supply?

Please advise

Sarath Kurian

My client deposit cash and transfer money to his wife's bank account invested money in MF and pays LIC from there. is bank interest, and profit/loss from MF need to be clubbed with the income of the husband or treated as income of his wife?

hi
Respected Expert

I filled GSTR 3B FOR APRIL2022 GSTR 2B SHOWN ITC CREDIT RS.137000 SAME AS IN GSTR3B BUT NOW I OPEN GSTR 2B FOR APRIL2022 IT SHOWS ITC RS.168072 NOW HOW I CLAIM BALANCE ITC OF RS, 31072 BECAUSE BALANCE ITC NOT REFLECT IN MAY & JUNE-2022

A registered Partnership is to be terminated. Does the Partnership Termination Agreement has to be on stamp paper, and if so what is the stamp value required in Haryana? Has it to be registered with Registrar of Firms?

Can anyone tell me in Maharashtra State under professional tax act
What is due date for Professional Tax Payable.
The frequency of payment - does it depend on number of employee
Monthly and annual return due dates

Is it mandatory to file Form 10B if the Trust have got exemption U/s 12 AB and the Gross receipts of the Trust does not exceed the maximum amount which is not chargeable to tax (i.e) 2,50,000 ?

Do we have to file Form LLP-11 for the year 31.3.2022 if the LLP is formed in the 10.01.2022?

Dear sir

I had invested in mutual funds in 2012 (abt rs 2lacs). I encashed those in 2021 (abt rs 5.5 lacs)

Is this capital gain taxable? i am salaried employee which ITR is applicable in my case to show bank interest and capital gain and some small gain/loss on shares.

thanks and regards

Case -1
GST on Discount Received from Cement Manufacturer, Goods and Services Tax - GST

Proprietorship business concern has been registered under GST Act and business of wholesales cement purchasing from cement manufacture. This proprietorship business concern received large amount discount from manufacture without effecting any GST is correct or wrong? If wrong who is liable for GST invoice of discount and payment of Tax?

Case-2

The assessee (Registered under GST - Main Business - Selling Cement) has provided his trucks (4 truck) to GTAs (No agreement exists) and earned freight on trip-by-trip basis.

The Assessee received NET amount from GTA after deduction for Cash paid to driver for trip expenses & diesel expenses from Total Agreed freight on distance basis.

Que. 1. What is the classification of this service & SAC ?

Que 2. Whether the amount of freight received after deduction from GTA is taxable ?

Que. How to declare in GST Return while filing by the assessee.

Case-3

In addition to above the assessee is also plying trucks for carrying goods to unregistered persons without issuing any documents.

Que.1. Whether amount of freight is taxable ?

Que.2 How to declare in GST Return while filing by the assessee.


Please provide answer with support of any order/ judgement etc

Retention Bonus paid to employee in the financial year 2020-21 and recovered back from full & final settlement in financial year 2021-22 as the condition of not leaving the company for one year was not met. Can the amount recovered back be claimed as deduction by employee?
Request for an advice in terms of the position under Income Tax Act!