RP Mohanty

SirThere is a Pvt company whose GSTN is cancelled suo-moto during 2019, since its business is not running. They want to close the company now. What should be the procedure for company closure in connection with GSTN & its implications.


Daya
30 October 2020 at 23:44

IGST Input on bank charges

My company is in Delhi while bank is situated in Haryana
Bank is charging IGST , Can i claim IGST input.


a k

Dear Experts,

Seeking expert opinion on the following issue:

Our is a Pvt Ltd Company belonging to an Italian Group. The group Company is into the business of installing elevators worldwide exporting elevators from Italian production facility. We are also starting importing elevators into India. My question is " If we can sell our product to Indian Individuals directly ?? I have heard we need to introduce an invoicing partner, a pvt ltd company which purchase from us and sold it to INDIVIDUALS!! Is it correct? Please provide specific law/case to support that arrangements.
I will be highly obliged.
Thanks


Gautam
30 October 2020 at 17:40

Loan Processing fees Capitalize or not

Rs.2,83,562 bank loan processing fees and RS.5,49,361 Bank CGTMSE Scheme fees paid in February,2020 for loan of purchase of plan and machinery but plant and machinery put to use in July,2020.
So whether Processing fees and cgtmse fees capitalized or not?


PRADEEP
30 October 2020 at 17:22

GST Refund under LUT

In calculating Adjusted Total T/o Its total of all branches or its the amount of one Branch?

Ex. Gujarat branch total t/o 100 and Maharashtra Branch total t/o 20.
Then For applying refund of Maharashtra In Adjusted total t/o amount is 120? or 20?


M S REDDY
30 October 2020 at 15:50

Tax audit Limit

Dear Sir,

A Proprietor firm / Company / Partnership firm / what is the limit of Tax audit , when the firm comes to under Tax audit, please give clarifications.


sai suresh bhosale
30 October 2020 at 13:03

Regarding Late fees and interest

Respected sir,

If someone has a gst number from may 2018 and he has not filed any gst returns till date , but now he want to continue with the same GST number then what will be his late fees and interest? Please guide me.


Alannah pinto

Q. What would be the taxable value of the following:
1. A foreign company invested in a private indian company(unlisted stock no STT paid)
2. Invested Amount: USD100 (10 shares), conversion rate is INR60 per USD on the date of investment i.e 16th June 2016
3. Sold 5 shares on 1st Jan,2020 for INR80,000 (conversion rate INR70 per USD)
4. Bank charges of USD10 was paid on 1st Jan,2020 while converting INR to USD


CA Parul Saxena
30 October 2020 at 10:59

Place of Service Query..

One of our co is situated in UP and hence registration is of there...A building in Delhi is used in the name of the organisation of UP and Rent is paid by the co to Directors'HUF...we charge local GST as the building is situated in Delhi itself...
But on portal in 2B it is mentioned that GST not available and the reason being POS and Supplier's State is Same but receipent state is different...
Is it ok? If yes what to do?


Sunil Naidu
30 October 2020 at 10:56

Incentives pay in other mode of payment

One Company is giving gifts or gifts voucher or any mode of payment instead off paying sale incentive to employees.

Whether this payment attracts tds deduction liability ? Further, under which section tds liability arises ? Can you give me reply for the same ?

Thanks in advance....






CCI Pro



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