Dear Expert

Kindly advise how to treat related party Transaction in GST and we are having day to day sales & Purchase from our Sister Concern Company.

What are the step to be taken care for this transactions.

My wife is a homemaker, we have two daughter’s, for whom we have opened the Sukanya account. Both accounts are in the name of my wife.
Every month I transfer the amount to my wife’s account through Fund Transfer from my salary account from where it gets deducted for the Sukanya accounts.
Can I claim the deduction under 80C in this case while filling my return.

Hello,
I have filed itr 7 for an unregistered trust for A Y 2018-19 (i think i should have file itr 5), now i received a intimation under 143(1) to pay tax on the voluntary contributions, there are no voluntary contributions, contributions are made by members only. How to deal with this.

what is the ceiling limit for a company to borrow loans from a bank

Hi,

Is there any rebate or relief available for retrenchment compensation. If yes, could you please help explain that.

Regards,
Reshmi

Hello Sir,
I am small Retaurant owner & my sales thruout zomato ,Sweeggy & oyo hotels bye online order ,so my question is where should i show my sales in GSTR 1 is my B2B sales Or B2C sales ???? bcz i have +50 sales bill every day by oyo & zomato so what i do now ..... even they are deductiing TCS also ...please help me

Dear Experts!
We do provide outdoor catering service in two variants 1) inclusive meal and 2) only service!

Pls let me know the HSN code and GST rate of both the variant,

Thanks
Karan

Hi All

One of my overseas client is not ready to pay IGST on the services done in India (other than Freight). He says you get a refund from Government.

I am copying the message received from my customer's GST consultant (India).

1. GST has to be charged on local services up to the port of export.
Though Foreign customer need not pay the GST, GST has to be still charged in the invoice and adjusted against the GST Input credit available on input services / to be paid in cash.

2. This GST output can be claimed as GST refund on export of services with payment of tax on producing of FIRC copies (Foreign inward Remittance Certificate) provided the cash is received in convertible foreign currency within one year of the invoice date. The timeline for GST refund by the department is 60 days provided all the documents are correct.

EX:
Local Service Charges billed to the customer = 100
GST on local services @ 18% = 18
Export Ocean Freight on Export = 2000
GST on Export Ocean Freight = 0 (Exempt)
Total Invoice value Payable by the customer = 2100

GST refund on export of service with payment of tax = 18
Net loss for 20CUBE INDIA = 0

Please GST experts solve the above whether the consultant is correct.

How we can get the refund

Regds
Bala

Sir, I want to know about long term capital gain-
My father had purchased a property in 1986 and built a new house, which was completed in 1987. My father was expired in 2010 and my mother was expired in 2015. i had transferred the said property after death of my mother i.e. 2015. So how to calculate the value of capital gain, if i want to sell the said property in 2020.

One of my client has taken registration under GST,he is receiving two commissions,one from banks for loans and other services and another is insurance commission,so i wanted to know the gst applicability on both the incomes and how to charge and pay the gst and whether there is any reverse charge applicable or not.he is required to prepare the bill and send to the banks and parties or not.which record is to be maintained for gst return filing both GSTR 1 and GSTR 3B.

Thanks
SNEHAL