Aparna
13 March 2020 at 17:56

Sponsorship

Hello

I have register as a trust and i have issue sales bill of sponsorship business. Kindly Guide its cover under RCM or forward charges ???


MAHESHA R
13 March 2020 at 17:34

INVOICE CUM DELIVERY CHALLAN

We are manufacturer and having Domestic, Job Work and Export Sales.

In GST shall we use Invoice as Invoice Cum Delivery Challan for Outwards supplies instead of using DELIVERY CHALLAN AND THEN TAX INVOICE.


Guru murthy
13 March 2020 at 16:58

Formalities for inward remittance

sir,

we received an order from overseas buyer for manufacturing of garments
the garments to be handed over to an exporter in India for further process and Export in his name

buyer will make payment in US$ to us the manufacturing charges and exporter for other processing charges
we are raising invoice to buyer for the garment manufacture value and we get the payment

please advise what is the procedures and formalities to be followed by us

request you to advise

thanks
madhava guru


sundaram
13 March 2020 at 16:32

Partner capital withdrawel

Members...

I have come across one client who runs a partnership firm in trading of medical equipment.

Partners very frequently withdrawing good amounts and putting into their other business and again bring back .
Like that frequently transactions are taking place and most of time their account in main business shown debit balance of huge amount.

some time they transfer huge amount as loan to their friend circle and bring back after sometime.

I want to know legal provision on such transactions.





RAKESH R
13 March 2020 at 16:31

GST 1

Dear Sir

While filing of GSTR 1 for the month of May 2019, i was taken B2B invoice as B2C . so that is there any revise option to correct that whatever i was done earlier , please let me know.

THANKS AND REGARDS
RAKESH R


Mahabir Prasad Agarwal
13 March 2020 at 16:22

Composition or Regular

From GSTIN, how can we ascertain whether it is Regular Or Composition ?


Sunny

It has been 6 months of filing ITR but my client has not received intimation u/s 143(1) for A.Y. 2019-20 neither the refund as his ITR is not processed yet.
He has claimed refund of 66,000 rupees.
What should I do now?

For A.Y. 2019-20 I filed return u/s 44AD declaring profit @6% approx of turnover being 1.10 crore rupees.

For A.Y. 2018-19 it was an volunteer audit even though turnover was 77 Lakhs.


nikhil bhudolia
13 March 2020 at 13:33

GST on Leasing and Leasing

Dear Experts,

Can you please go through the above link and express your opinions.
My opinion Gst should be levied on both the transaction since this is not for Residential purpose.

Read more at: https://www.caclubindia.com/experts/sub-leasing-of-residential-property-for-residential-purpose-2787049.asp


surjit singh sodhi
13 March 2020 at 12:45

Gift tax

Can an individual gift any amount to her husband’s sister’s husband without any I tax complications?
Thanks Sir


Manoj kumar Mishra

Dear Expert ,

I have a query related to inward Remittance not come from a company situated in US/UK/Dubai due to Operational Loses.
how we can handle this situation whereas FCRA applicable/RBI Compliance/Custom/Bank etc.

Regards
MM





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