Hi I have a small namkeens manufacturing unit in Sikkim, in the name of " TIRUPATI " . We pack the products in polythene plastic pouches with TIRUPATI printed over it, with date of packing, best before date, weight and mrp . But we have not registered the brand name " TIRUPATI " anywhere. Our monthly turnover is 3 Lacs plus. Will it be treated as a branded sale ? What would be the incidence of GST slab applicable ? Regards.

Dear Experts,

1. Deemed Dividend u/s 2(22)(e) is fully exempted u/s 10(34) or 10,00,000 is exempt u/s 10(34) & balance after 10,00,000 Chargable u/s 115BBDA?

2. A partner drawn >10,000 from petty cash in a day. Whther Sec 40A(3) is applicable to partner drawings ? my View is Sec 40A(3) is related to expenses of the organisation so in my question, drawings are not all a expenses so it is allowed u/s 40A(3).

Dear Expert,
I have balance ITC Showing in electronics ledger balance on 31st March 2020,
But I have not applied refund it's automatically adjusted in April 20 returns
Please advise this is correct or not
Or payable amount paid by Cash for April months returns

My query was regarding the Suo Moto Cancellation and Collection of tax .I'm working for a SErvice Oriented company and the GST registration was cancelled , Suo Moto by the Range (Jurisdictional Office) with effect from March 2020.

But the company instead of many advices from the accounts and audit department , the company management is collecting tax from the customers and giving tax invoices since then and continuing till this time.But since this is Covid time , No officer have been able to see through this yet,

Requesting you all to please clarify the following ,

1.Is the company righteous in collecting tax and giving tax invoice after suo moto cancellation of GST Registration.
2.Whether we can pay the tax through GSTR 3B so collected and file GSTR 1 for the cancellation period ( means the tax so collected from March 2020 after the cancellation of registration )

REgards

M E

Sold a residential property for 40 lakhs. In sale deed govt. Value of 18 lakhs is shown & received DD for that. Remaining 22 lakhs is received by cheque & deposited in bank. Can the whole 40 lakhs be shown as sale consideration for computing capital gains in income tax return.

Hi I have a poultry farm and a shop to sell dressed chicken. I dress the chicken, cut it, make half kg lots of cut meat, breast, legs, drumsticks, wings, offal, feet, put them in polythene, and mark different prices for different parts. What would be the GST ? Regards.

Dear team,
while filing Form GSTR 3B GST liability (on export of service with payment of tax) has inadvertently been shown in 3.1(a) of GSTR-3B (i.e. Outward taxable supplies (other than zero rated, nil rated and exempted) instead of 3.1 (b) of GSTR-3B (i.e., Zero rated Supplies). therefore we can not file refund for the same.
The same has been correctly reported in GSTR-1.
Please guide how to correct this error.
please note we do not have enough domestic sale to adjust the amount in the subsequent return.

Dear Team,
We are about to purchase a Heavy Machinery from vendor in Japan. The machinery will not be delivered to India but will be stored in the warehouse of the seller itself. the seller will charge the rent from us for storing this machinery in their warehouse. This machine will be capitalized in our books of accounts. As the machinery is not physically coming into India , there will be no Bill of entry (BOE) filed. how can we make payment to vendor in Japan for selling us the machinery based on the Invoice only. what are the GST implications on this transaction.

briefly explain me about "Balances with Revenue Authority" in Income Tax Return.

there is income tax payable for year ending 31.03.2021 is 4657850/. on which i have to pay surcharges +cess..
my query is weather i have to compute surcharges at 25% on entire amount or 15% up to 2 crores and on balance @25%
kindly explain. as it is urgent please give your valuable subjection.
thanks in advance
K.B.Nagesha rao
9448826793