We are the manufactures of Mobile accessories, sale across India through Dealer and Distributor Network

Is the Dealer and Distributors can be called our's Pure Agent or not

We sale the goods through Tax Invoice to Dealers and Distributors and also give discount schemes at month end

And if they will be called Pure Agents, will they come under Related Persons.

Kindly share reference rules or circulars

Client is in the business of manpower supply business . he uses services of mathadi labours for his client a pvt ltd co.

Our client bills company as mathadi charges+service charge & pays mathadi board mathadi charges & keeps his service charge.

Questions
Whether our client needs to charge GST on forward charge basis for mathadi service ?
Whether lumpsum payment made to mathadi board attracts RCM ?

I have already filled form 112 n it has generated but I have filled wrong timming and it has been rejected by ro so how can I change in form the timmings

Company has crossed Rs. 5 cr profit in FY 2018-19, whether the Company is required to spend on CSR Activities for 3 financial years i.e. for FY 2019-20, 2020-21 & 2021-22 ( including this FY). on 2019-20, 2020-21, the profit is below 5 crores .
As per the General Circular No. 14 /2021 dt. 25th Aug 2021 of MCA they had issued a FAQ .
A company satisfying any of the following criteria during the immediately preceding financial year is required to comply with CSR provisions specified under section 135(1) of the Companies Act, 2013 read with the Companies (CSR Policy) Rules, 2014 made thereunder:
(i) net worth of rupees five hundred crore or more, or
(ii) turnover of rupees one thousand crore or more, or
(iii) net profit of rupees five crore or more

As our above three criteria s are not matching , as per the circular of 25th Aug 2021, our auditors says there is no need to provide the CSR expenditure for FY 2020-21.

But as per our company secretaries is the FAQs on CSR as notified on 25th August, 2021 as just the FAQs based on the Act and Rules, these do not override the main section or the Rules.

Further the Rule 3(2) of the CSR Rules is still effective and has not undergone change or is void due to new changes incorporated through CSR Amendment Rules.

so as per CS Company has crossed Rs. 5 cr Turnover in FY 2018-19, hence as per the Rule 3(2) of the CSR Rules, the Company is required to spend on CSR Activities for 3 financial years i.e. for FY 2019-20, 2020-21 & 2021-22 .
I am very confused with the different opinions of CA & CS please guide me on this matter

Regards
sheela nair

Hi sirs/madams,

i have a question as to what date should be put as invoice date on dhl/fedex export invoice..
for example, i receive order and get paid via paypal on October 15. Then I send the product via dhl/fedex on October 23th. dhl/fedex creates an export invoice with the details i provide..What date should be used as the invoice date for this?

Thank you very much,
Preeti

sir
can premium paid in wifes name in sbi life insurance policy be considered as savings for husband u/s 80c since wife is not employed.

Dear All,

Is there an option NOT to avail benefit of indexation while compuating tax on LTCG from redemption of units of debt mutual fund? The assessee is a resident individual.

The LTCG on sale of debt fund units is coming to Rs. 1,00,000/- (without indexation) and Rs. 70,000 (with indexation) for A. Y. 2021-22. If we calculate tax @ 10% on LTCG (without indexation) , the assesseee has to pay only Rs. 10,000/- but with the benefit of indexation, the tax rate is 20% so tax payable is Rs. 14,000/-.

So can the assessee offer to tax Rs. 1,00,000/- as LTCG (without claiming benefit of indexation ) and pay tax @ 10% on such LTCG.

Also, Under which sub-schedule & point of Capital Gains Schedule can we show such LTCG in the ITR Utility for filing return?

"Point 9 - From sale of assets where B1 to B8 above are not applicable" only has "Cost of acquisition with indexation" column.

Please advise.

Thanks.

For Sales through e-commerce, we are liable to pay commission....In our case, Commission is deducted from the Gross Receipt itself and only the balance amount is paid to us.... TDS at 1% on REVENUE is deducting by ecommerce operators

are we liable to pay TDS on COMMISSION to ecommerce operators . ....

Contractor ‘A’ undertakes work contract of road laying on behalf of government agency. Total value of the work contract was Rs. 1.00 crore exclusive of GST. While making payment to the contractor the Agency pays Rs. 1.00 crore towards value of the contract and 12.00 lakh toward payment of GST (12%). For laying road, the contractor utilized materials viz., Cement, steel, bitumen etc., costing Rs. 60.00 lakhs which include payment of GST of Rs. 9.80 lakh (approx.) My questions in this connection are as under:
1. Whether ITC (under GST) is admissible to the contractor for GST payments made by him towards purchase of Cement, Steel, bitumen etc.,
2. Should the Government agency take into consideration of ITC availed by the contractor and release only the difference towards GST i.e. Rs. 12.00 lakh minus Rs. 9.80 lakh?
Experts may please clarify. Thanks in Advance.

We are an authorized dealer for TATA MOTORS Passengers cars, We should pay sum amount in advance to Invoice the vehicle. They are giving Interest at the end of the month for what is the balance amount available with them. For this Interest they deduct the TDS also.

Please confirm that we should pay the GST for that interest Amount.