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 ???
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.
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
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.
From GSTIN, how can we ascertain whether it is Regular Or Composition ?
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.
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
Can an individual gift any amount to her husband’s sister’s husband without any I tax complications?
Thanks Sir
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
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
Sponsorship