Hi,
In hotels can we take ITC of food items they purchased when they charges charge 5%GST on food items to customer and room tariff @ 12%
Example :
1 .Purchase oils Rs 5000 @5% = total Rs. 5250 /-

Sale Room tariff @12% say Rs. 5000 @12% = 5600
Food items Say 200@5% = 210 /-
Total Invoice = 5810 .
My Question is can we take ITs of rs. 250 and can i pay remaining balance GSt i.e Rs. 5560 /- .

If Yes and NO please let me know is any limit for hotels.

Whether the company will be eligible to obtain the credit of the GST on relocation expenses of the employees which the company incurs for the purpose of transfer from one state to another state.

I opened a capital gain account with SBI in 2017. Now I was unable to buy/construct any new flat till date. Now I want to close the account. As per the process, I need the approval of Jurisdictional income tax officer. Can you please let me know what is the process of getting the same? Whom do I need to approach and what all documents do I need to furnish?

Thanks in advance.

A private limited company is engaged in finance activities. It provides loans to other companies. Out of this a loan is irrecoverable and the company wishes to write off that loan thru Profit & Loss Account. Is the loan as such written off an allowable expenditure?

Dear Sir/Madam,
I want to ask a question that is
a company name is "A" provide service to company "B" in the month of July taxable value Rs. 1,14,00,000 and IGST tax Rs. 20,52,000,Company "A" held office in Hyderabad and company "B" held office in delhi, In the month of August company "B" not paid to company "A" due to this company shown credit note in their GSTR-1, but company "B" not taken their books of accounts and also not reverse it in their GSTR-3B because company "A" did not send any hard copy or softcopy of credit note to company "B", in this case what to do by company "B" , suppose if company "B" reverse input credit after Dec 2019 then the company "B" has to bear any type of penalty or interest.

Sir A private limited company has made a profit of Rs. 150,000 on sale of vehicle. ( Block of assets still has balance since another vehicle was purchased . The WDV at the end of previous year exceeds the sale proceeds.) The Company accounts shows profit on sale of asset -- Rs. 150,000/-. But, for calculation of total income as per Income tax this has to be deducted since there is no short term capital gain as the WDV exceeds the sale consideration . My query is where to show this amount in the computation sheet of Income tax ? ( Whether to show this in " deductible expenditure & Income to be excluded " or in some other head ) Please clarify

HOW TO REDUCE CAPITAL OF PROPERITOR
IF I SHOW DRAWING AS 1500000 UNDER CAPITAL ACCOUNT. IS IT OK
KINDLY REPLY AS SOON AS POSSIBLE

A Govt Dept has entered a contract with a Film production agency to make a social awareness short film. The producer has charged 18% GST on the production cost. While settling the Invoice the Accounts Dept has deducted 2% TDS on the production cost. My query is whether GST TDS is also to be deducted from the Invoice? If so at what percent? In case, if it is omitted to be deducted, whether it can be deducted in the subsequent invoices to be settled. kindly clarify

Is TDS need to be deducted on travelling expenses of team included in repairs and maintenance bill. The team travels for repairing machinery

Sir/Madam,

We are a manufacturer of Polythene bags & sheets (LDPE,HDPE,Polypropylene). As per 37th meeting of GST council reduced GST rate for some packing materials. The following line is taken from 37th GST council meeting press release.
"A uniform GST rate of 12% on Polypropylene/Polyethylene Woven and Non- Woven Bags and sacks, whether or not laminated, of a kind used for packing of goods (from present rates of 5%/12%/18%)"
HSN Code of Our Products are : 3923, 3921.
Please inform the new GST rate for the above HSN code products.