The Business in general pays expenses like 1)Telephone 2)Bank Charges 3)Certain Municipal Expenses 4) Services etc. This expenses are under GST and bill for the same is charges with GST. This expenses are not taken and are not elegible as input tax credit.

I want to know whether the paid bill should shown as gross amount in P&L and payable amount in Current liability as Net amount+ GST separately? or Paid Net Amount +GST in P&L and payabale amount in Current Liability as Net amount+GST?

Wanted to know more about Excise duty when it was applicable;
for a product which was bought and sold with my own Tradename and Logo in the year 2010-2017.
and the product was exciseable
1.Is Excise duty was applicable from very first sales .
2.Goods were purchased and sold by own tradename.
3.If i was not paid excise duty after a sales turnover more than 1.6 cr in a particular year.
than what will happen.

I had wrongly taken itc in f.y.2017-18 but later on reversed and corrected it in GSTR 3B in F.Y.2018-19.
However, while filing GSTR 9 of F.Y. 2017-18 where is it required to be reported i.e. in TABLE 7 or in TABLE 12 and how to tally TABLE 8. please reply at the earliest.

I ALONG WITH MY WIFE PURCHASED A PROPERTY WITH SALE CONSIDERATION OF RS 8000000.00 ON 03-07-2019 REGISTERED AT DELHI. NOW I AM FACING A PROBLEM IN FILLING FORM 26QB, FOR SUBMISSION OF TDS ON PROPERTY, AS 2 FORMS ARE TO BE SUBMITTED, ONE EACH FROM BUYER, I COUD NOT PROCEED WHILE FILLING 4TH LAST PART OF THE FORM 'PAYMENT INFORMATION'. SINCE MY TDS SHARE IS RS 40000 ONLY THE PAGE IS NOT MOVING FORWARD SHOWING ERROR MESSAGE AS IT MAY HAVE BEEN DESIGNED TO SUBMIT TDS OF MINIMUM RS 50000.
IT IS REQUESTED TO KINDLY GUIDE ME IN THIS REGARD AS DUE TIME IS NOT SO FAR

I have a scenario of;
Company "A", is a DTA company has got a Export Order from Thailand. To Manufacture the Export order, "A" company wants raw material of Stainless Steel in sheet form. Since the size of his raw material requirement is less, he got the quotation from suppliers with high price, Advance payment and need to wait for 2 months for reception of material. Hence, he has approached "B" company who is importer of Stainless Steel Coils and supplying locally. The condition offered by "B" with respect of price, credit period and delivery. The agreement is, "B" company will import coils and slit / sheer it to the size required by "A" company. With this initial operation, "A" company will complete the rest of manufacturing activity to produce the required product.

In addition to the export order, "A" is already supplying some products to local customers. Also "B" company is importing and supplying to local customers.

Now the question is, Can "B" company apply for Advance Licence for the material required by "A"?

Regards
Anbarasu Thambiran
8939854818 / anbarasuthambiran@gmail.com

Dear All,
Please let me know is GST applicable for a Security Service providing company which in-house manufactures uniforms, shoes for their security guards and also can such company avail GST Input Credit on purchase of raw materials and Input services for manufacture of such goods?

What is the GST rate on pure labour contract of residential flat?

Dear Expert,

Can have any possibilities or provisions under GST Act for amendment or revision of GSTR-3B returns after successfully filled.

pls. suggest

Hi,

Someone can help me for below queries :-

Overseas party has billed to us (India) and shipped to overseas (Germany), so there are two invoices one is Overseas to us and second export invoice from us to Germany, shipping bill is not made as goods not reached to our India territory, here what will be GST impact on this

Hi
Iam a salaried employee working in Mumbai. I have 2 house properties, both in Thane. One of the property was let out on rent for FY18-19 while the other property remianed vacant for the entire year. Iam staying in a rented property in Mumbai and claim HRA benefit for the same.
Pl guide as to how to treat this second vacant property for tax purposes. Would it be "Deemed to be let out" or "Self Occupied"?