P.BALASUBRAMANIAM
02 May 2020 at 17:02

Regarding CA-Practice

Sir,
CA member has jointed in Business Association ?
whether it is permissible or not as per ca Act ?
Please reply?


Alkesh Trivedi
02 May 2020 at 15:41

PDF copy of newspaper

Is it illegal to share and Download PDF copy of NewsPapers in Whatsapp Group?


Artex Creation
02 May 2020 at 13:35

PPE KIT

WE ARE INTO GARMENTS BUSINESS.
DO WE REQUIRE ANY ADDITIONAL REGISTRATION IN GST TO SELL PPE KITS?
PLEASE GUIDE.

THANKS
RACHANA


Kollipara Sundaraiah

Sir,
How to prepare provisional and projected finical statements for bank loan purposes.


Aparna
02 May 2020 at 10:49

Export

I have done export of services in month of july 2019. can i take CN in Month of May 2020? is there any condition of CN under Export ? if i want to ready regarding that kindly given the section detail ?


SANTOSH KUMAR SHARMA

Can a person purchase a land in cash in Rs. 510000/- from 3 land owner having equal share (Rs. 170000/- each Share, i.e. below 2 Lakh) in one deed.


Rahul

In a Private Ltd Co., having 3 shareholders, say for example A:B:C hold Rs. 50,000 each as paid up capital, total amounting to Rs. 1,50,000.

Now Mr. C wants to transfer all his shares worth Rs. 50,000 to Mr. D.

So, in this situation I would like to know few things to complete the procedure,

1. Should Mr. D transfer Rs. 50,000 to Mr. C's personal account or to the Company ?
2. SH-4 form once duly executed by the transferor and transferee, do we need to file PAS-3 or any other ROC compliance for the share transfer ?

Please guide me on this matter. Thank you.


Prasad Rao

There is company registered under GST in F.Y. 2019-2020 and providing taxable and exempt supplies both.
There is a payment made by the company to advocate/firm of advocates for case which is going in District Court.
There was no GST registration for the company in the F.Y 2018-2019 and there was no commercial activity by the company in F.Y 2018-2019.
The company started its commercial operation in F.Y. 2019-2020 and started providing taxable and exempt supply and the turnover exceeds Rs.20 Lakhs.
What will the treatment in case of payment to advocate?
Whether tax has to be paid under reverse charge?


balavinayagam
01 May 2020 at 14:32

Transportation billing

Dear team

Ques 1 : we are the clearing and forwarding agency. The transporter raise the transport bill in the name of ours on 5% RCM basis. we raise the service bill to our exporter/importer including transport charges in 12% Is it right? and Are we pay the tax on RCM basis against the transporter bill and can we claim the ITC against the Transporter bill.

Ques 2: we raise the service bill including transport charges 12% to one customer and raise the service bill on RCM basis to other customer. Is it right

Ques 3: How can we bill the transport charges to our customer finally? Pls explain


Ashish
01 May 2020 at 13:54

QUERY ON CFSS

Dear all,

I understand that as per General Circular 25th March 2020 MCA has granted exemption of late fee for moratorium period up to 30th September for all returns statement and forms.

Further , CFSS has been introduced , my query is even if we default in any statutory form which is due on or after 1st April 2020 do we need to do the filing only after applying to CFSS? Or CFSS is applicable for non filing which has been taken place before 31st March 2020.

Further what about those form which do not have filing fee but due dates and penalty provision does any late filing attract penalty for suh non -filing for e.g. MSME Return.

Due to lockdown and non-availability of the data we can not file MSME Return as on 31st March 2020 on due date. what should be our course of action ? I understand CFSS does not cover MSME Return and Section 405 penalty forms?

What if we file it within next few days ? will we able to file form ?

Further







CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query