Dear All,
Thanks in advance for helping....
we are doing business in cloths and shoes in MH. For the same business, we purchased the new commercial property (Shop). Now builder asking me for the GST extra....
I have query for
1. Should i get the ITC for the same GST amount paid.
2. Or can i claim the refund for the gst which comes under Elec. Ledger. builder already booked the GST and its showing in my Ledger..

Rahul

I have to take new GSTIN. But the building which I need to make as a registered office is in the name of me along with my two brothers. I have the followings doubts in this case:-

1.  Is it possible to make this building as the registered office for GST Registration?
2. Is Land tax paid receipt enough for making this building as a registered office for GST registration
or
the consent letter of my brothers also required.

kindly advise

whether the 20% rule of ITC available is applicable on respective tax credits (IGST,CGST,SGST) or it can be utilised for any type of tax head credits. whether itc needs to be considered in aggregate or (IGST,CGST,SGST) wise indiviually?

Dear Sir,
We have Claimed Carried Forward of Vat in GST Trans-I Form Without Filing Original Vat Return.Later on, we have filed Vat Return after Filing of Transitional Form after Completion of Due Date of Trans-I. Now, the Officer has diallowed the credit Carried Forward in Trans-I Based on Late Filing of Vat Return...

Is there any Provision to support of Claim of Credit Carried Forward in Transitional Form

Pls Let Me Know the Probable Resolution

One of our client received the following notice from income tax department

Notice under section 274 read with section 271AAC(1) of the Income Tax Act, 1961
Sir/ Madam,
Whereas in the course of proceedings before me for the Assessment Year 2012-13, it appears to me that
income determined in your case, includes income chargeable to tax under the provisions of
section 115BBE of the Income Tax Act, 1961.
You are hereby requested to appear before me either personally or through a duly authorised
representative at 11:00 AM on 06/01/2020 and show cause why an order imposing a penalty on you
should not be made under section 271AAC(1) of the Income Tax Act, 1961.

No assessment notice was issued for the AY 2012-13 ever. we only received the notice for penalty.
though assessment proceedings was pending u/s 143(3) for AY 2017-18 which was closed on 20/12/2019 (same date of show cause notice) and no assessment order was issued for this.
Please guide me what action can we take against this show cause notice, whether we need to reply the notice?

Dear Experts,

Good Day!

We are an e-commerce fulfillment company. We hire TATA Ace Vehicles on a fixed monthly basis to carry out deliveries to our Customers within a city. All of these drivers are not registered under GST and are individual truck owners. I want to understand if such service falls under the ambit of GTA and hence the applicability of RCM Liability on the Company?

Thanks in advance!

In our co. when co's current a/c not open that time all partner put money in one partner SB A/c and form this a/c they make payment regarding the same, I have some below query?
1) Partner Y, Partner Z transfer money to Partner X Saving bank a/c ....... what will be the entry?
2) Partner X paid expenses from their Saving Bank a/c for business ... what will be the entry?
3) All remaining 5 partners transfer 10,000/- each to Partner X (Active Partner) Saving Bank a/c towards Salary ..... what will be the entry?

Respected Sir\Medam, The Matter is - we cover a part of factory with Tin Shed of Iron, the area use for factory purpose, now my query is that whether I am eligible to get ITC on such material or whether its fall under building material, Please guide me.

Kindly answer my query.

ITDS of Rs.50,000/- was deducted by PWD deptt.against works done during FY 2018-19. The payment of work was made during FY 2019-20. The PWD deptt. deposited ITDS of Rs.50,000/-but treated the same as of FY 2019-20. What should I do now ? Whether I should claim ITDS during FY 2018-19 or else ?

I WANT TO KNOW THAT CAN I INCORPORATE 2 LLP WITH SAME REGISTERED OFFICE IN WHICH ONE LLP WHO OWNS THE PROPERTY GIVES NOC TO OTHER LLP TO USE ITS PREMISES FOR REGISTRATION PURPOSE.