Hello. I own a private unlisted company with only myself and my wife as equal shareholders. I have a colleague who was my equal partner in a partnership firm which we liquidated and shared the proceeds. Can I take him as a Director in my company. He will continue to work in the same role that he does now. Do I need give him a share of my holdings as he does not want to make any investments whatsoever?

Sir,

We want to use the surplus amount in our company and we all 4 directors of the company are in blood relation.
Can the company give an unsecured loan to a 3rd person (say my friend) and a director takes back it from friend in shape of an unsecured loan?
Does this violates the provisions of the new companies act ?
Or any other method to use the surplus amount in the company

One of my client is registered as Regular taxpayer under gst and doing garment business retail shop now decided to do eCommerce business like amazon so he took another gst number as TCS for eCommerce business as he thought that supplier directly sell to customer only payment he receive so he registered as TCS now he changed is decision as he himself bill in his name with gst and supply to customer now he want to know
1) whether he want to take one more gst as taxpayer for eCommerce business
2) name of the retail shop is different i.e X stores and name of the e-commerce business is Yecommerce business so another GSt he has to take for Yecommerce business as if he is proprietor for both business
3) he is going to sell all over India on eCommerce business on registration is enough as if his business place in Tamilnadu or separate registration is necessary for all the state or he can sell from Tamilnadu by IGST tax.
Please Clarify

We sale many items having different HSN and different tax rates.
We have to charge freight.
What rate we should charge freight ....?
How to show taxable value, Tax, freight, invoice value in GST returns....?

If one person has business and all payments and receipts related to business are done through his Saving bank accounts. Tax audit is also applicable in this case.

How to maintain accounts in tally?is there any need to pass journal for each personal and business transaction?

Respected Experts

I am a regular registered dealer as per GST. I had booked a Hotel in USA for My Client Mr.A through a Tour Operator Company "hereinafter called Company" established in Delhi.

An invoice has been raised by the said Company under the head of BILL OF SUPPLY against booking of Hotel in USA for My client Mr. A with our GST Number and all the required detailed of mine.

Now i want to sale the same said service to my client Mr.A who is also a registered person in delhi through invoicing with my commission for providing of accommodation service at Hotel/Inn Rs.20000/-.

My query in this regard >>>>>
1. Is there have any need to pay tax under RCM on purchase made from Company?
2. If answer of 1 is no then how to make invoice of sale for supply the said service received from company?

Hope for the quick and right answer with the treatment of this entry.

IN NEW FROM GST CMP 08 "OUTWARD SUPPLIES INCLUDING EXEMPT SALES" MEANS AB KYA TOTAL SALES PAR HI TAX DENA PAREGA SMALL TRADERS KO? AFTER JANUARY 2018 ONLY TAXABLE SUPPLY PAR HI TAX DENE HOTA THA . PLZ EXPLAIN......

Do we need to report in our quarterly TDS return, the payment of freight to one transporter which is below the taxable threshold (ie., single transaction less than thirty thousand and cumulative payment during the FY below 1.00 lakhs.)
If yes, then how to show?
Does it matter if he gives his PAN and/or decalaration (for less than 10 trucks), or if he doesn't?
Kindly enlighten.
Thanks and regards.

Dear Experts,
I have confussion regarding POT time of supply as per section..31(1) of Cgst act. 2017. According to this sec....a registered person supplying taxable goods shall before or at the time of-
(A) removal of goods for supply to the recipient, where supply involves movement of goods, or
(B) delivery of goods or making available thereof to the recipient, in any other case,

I wanna highlight the clause b delivery of goods making available thereof to the recipient, again "or delivery of goods"
My doubt is while determining the time of supply wherein movement of goods involves, can we consider clause b delivery of goods instead of clause a,

Assume we sent the goods on 31/3 FROM our premises but the same delivered on 5/4 so can we consider the clause b considering delivery of goods as point of taxation time of supply

Pls clarify....

Thanks & Regards.
Karan

Sir i regularly export to bhutan electronics goods. Can we export to bhutan the third country made goods on Indian rupees payment. As indian custom has stopped our goods from exporting to India on payment in Indian rupees. Pls sir clearify the matter.