Dear Sir, kindly help clarify on below point.

I am registered as a trader under GST.

I can buy an electric scooter from manufacturer without battery under HSN 8711 6020
and with battery under HSN 8711 9091

if i buy with battery and sell to customer with battery, the process is simply trading and OK

BUT
if i purchase scooter without battery from supplier. (GST 5%)
buy battery from a different supplier (GST 28%)

Can I SELL to end customer scooter with battery (together) (GST 5%)

will it come as trading or manufacturing or something else.......
more so coz GST rate difference is there in input and output for me as battery input GST i will claim at 28% but output sale of composite (scooter+battery) will be at 5%...

Dear Sir

I wish to know whether its allowed to run 2 separate business under same name and same GST no or do we need separate GST no for both type of business

Hello All,

We a Partnership company have converted into a Public Ltd Company in July 2019 and the commencement Certificate was received in Sept 2019.

Is there any date like the incorporation or Commencement date when should we transfer accounts to the new company as we are still continuing with business (Billing and booking Exps. etc) in the Partnership Firm.

And what is the solution for the mistake done due to ignorance.

A company has sold some assets and also disposed off some assets. The block is still there.

While calculating depreciation as per income tax, in the case of sold assets - the realisation value is deducted from the block.

What would be done in the case of disposed off assets?

Dear Experts,
I have a query. An assessee has sold a property during the AY 2016-17 say 2 Crores and filed his Returns Claiming Exemption u/s 54 for investment in House Property for 1.60 C which was estimated at that time for Filing purpose but haven't incurred in that period .. The case was picked for Scrutiny and the Income tax Officer had asked for the Proof of the amount claimed as Exemption and the bills later year dated 2016 and 2017 was produced. The Assessing Officer says he would disallow the cost as it hadn't been incurred during the said Assessment Year. Is his Stand Correct?

Does FEMA act applies on pvt. ltd co. having foreign contribution ...in case of transfer of shares ?

does loan taken by pvt. company from its directors comes under Related Party Transaction under companies act...do we have to report in Notice To Director's Report ?

Respected Sir,
I confused about consideration of turnover in GST audit. Turnover should be consider from April to March or July to March ??
I have party whom turnover April to March Above 2 Crore But in period of July To March Below 2 Crore. Whether he is liable for GST Audit or Not ??
I have another one party whose engaging in retails sale of petroleum business is liable for Gst Audit ?? ( whose turnover in Gst Rs 16 lakh as well as in Vat 16 Crore whether he is liable for GST audit or Not ?? )

Please provide your valuable answer as soon as possible.

Thank you in Advance.

Dear Sir/ Madam,

one of client has running developers business , He sale a flat for Rs 35,00,000 for which he has received Rs 10,00,000 as advance , remaining amount to be paid by purchaser at the time of registration kindly confirm whether my has to pay gst on advance receipt or not , and also confirm its reflection in GSTR-3B , where i have to show , kindly guide me

I have Short term Capital gain on Sale of Debt funds. Can I set it off against short term capital loss on Sale of exbonus shares. Like I purchase cum bonus and sell same quantity ex bonus.For ex. I purchasse 1000 shares cum bonus @ 1500/ and sell 1000 @ 750 ex bonus and book a loss of Rs.750 per share. Can i do this ?