deepak
21 January 2020 at 22:23

Gst-9 related query

If professional person annual gross receipt is below 90 lac. So in this case mandatory to fie gstr-9 or not?


shashikanth
21 January 2020 at 21:51

Surname in PAN Card

How to get Surname given in PAN.
In old PAN, they forgot the surname given in PAN, when they applied the PAN.
Now we can't register in Income Tax website without Surname.
Pls help us to get surname in PAN


deepak
21 January 2020 at 21:06

Gst-9 query

A person provide professional services to his client and total receipt amount is below of 2 crore. So this case Gstr-9 mandatory or not?


TARIQUE RIZVI
21 January 2020 at 20:54

NEFT & RTGS

What is the basic difference between NEFT & RTGS ?


Gopalakrishnan. S
21 January 2020 at 20:04

ITC on purchase of transport vehicle

Sir,

My friend is running a Propreitory business and manufactures steel bench and desk, Bearau, etc. To
transport these goods to his customers' place, he has purchased a Tata Ace, commercial vehicle in Dec 2019
in the name of his Business ( Not in his personal name ).
Now, can he claim ITC on the purchase of the said vehicle and the GST paid on the insurance amount ?

Pls. advice.


CA Shraddha Vora
21 January 2020 at 18:34

Stamp Duty on Slump Sale Agreement

X Pvt Ltd in Maharashtra is willing to takeover an existing Sole proprietorship business of Mr Y . Mr Y is already a Shareholder and Director in X Pvt Ltd .The transfer of business is via Slump Sale where X Pvt ltd will takeover all the existing movable assets ( There are no immovable assets in the books of Proprietary concern) and all liabilities of the concerned business.
An agreement is to be entered between the two parties stating the terms and amounts pertaining to the transfer.
Is this agreement of Slump Sale required to be registered? If yes, is stamp duty payable on the same in Maharashtra and at what rate ?


Kapil Kumar Singh Adv

It says
" the remuneration payable to any One MD or WTD or manager
shall not exceed 5 percent of the net profits of the company
and
if there is more than ONE SUCH DIRECTOR remuneration shall not exceed ten percent of the net profits to all such directors and manager taken together "

My INTERPRETATION IS ----

when in the latter part of Sec it says " if there is more than one such director " -- it is referring only to MD or WTD And Not Manager .

But in all the books it says " if there is more than one MD or WTD or Manager " -- which in my opinion is NOT Correct .

And my interpretation is also supported by last few words of the Sec " ....to all Such DirectorS and Manager Taken Together "

Here SUCH DIRECTORS means MD or WTD and NOT MANAGER ,

Moreover the word Director is used in Plural tense and not Manager .

Again i am doing hair spliting But i want correct interpretation

Thanks


Deepak

Dear Experts,

My client has received below SMS:
"30XXXCX0000XXK you have under reported your tax liability in GSTR 3B as compared to GSTR 1 in 092019. The tax liability on account of this under reporting in Rs.1.19 Lakh which need to be discharged/ resolved immediately to avoid any penal consequences."
I know I filed my returns correctly. Please advice.


Mehul Parmar
21 January 2020 at 12:10

CA Industrial Training

Sir/Mam,

I have cleared both CPT and IPCC in first attempt and I am looking to opt for industrial Training in the field of Investment banking / Capital Markets. Can anyone please help me with any vacancies in the Companies/Banks which provide industrial Training. If Not vacancies then the Contact Number and Mail Ids of the Companies will be high appreciated.

Waiting for the Immediate Reply.


Karishma
21 January 2020 at 12:03

TDS on Software Purchase for Adobe

Dear Sir/Ma'am,
We have purchase software license for our company from Adobe.Invoice is generated in the name of Digital River Ireland Ltd having GST number 9917IRL29003OSG and IGST is charged @0% on Invoice. GST status is Active and Taxpayer Type on the site is Non Resident Online Services Provider. Wanted to know whether GST is payable on Reverse Charge Mechanism, also PAN Number is not mentioned on the Invoice then is TDS payable @20%.

Regards,
Karishma





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