my client from bharuch, gujrat, import from germany and made high sea sales to indian company in sez unit. how to show this sales in gstr 3B and GSTR-1.
PLEASE GIVE URGENT REPLY

MY HUF PAN CARD APPLIED IN MAY-2019 WITH DATE IN CORPORATION OF 18-02-2017.

SO MY QUERY IS SHOULD I FILE MY INCOME TAX RETURN FOR F.Y. 2018-19.

One of my clients is pesticides, the retail seller. Now he migrates from composite to regular dealer .and after migrated we submitted ITC-01 as Section 18 (1) (c)
Is there need to pay any tax on the value of stock held in hand or which was shown in ITC -01 form total. If yes how can I pay the amount?

Dear Sir,

I am a Director given loans to the company and received Interest of Rs. 5.20 Lacs in f.y. 2018-19.

Also, I have received a commission from another company of Rs. 15.85 Lacs in f.y. 2018-19.

Should Interest amount be taken for calculating Aggregate Turnover? or out of GST ambit.

Please guide me.

Rakesh Sharma

Dear Experts,

We are the manufacturer of Footwear and our all sales are of 5% GST. And we purchase goods at
different rates of GST i.e. 5%, 12% & 18%. So we are taking the refund of this difference.

Sir, my query is that we have purchased some capital goods like Machinery & Tempo for Goods transporting.
Can we take the Refund of ITC on the above capital goods?

Please guide us on how to treat this ITC in GST Return.

Refund or utilized against the output Supply.

Thanks,
Rakesh Sharma

Dear Experts,
In the 3B of April I came across the situation that No sale & purchase was made during the month however both purchase return and sale return was made in the said month. Whereas 3B won't accept the figures in minus....pls tell me how to record the same.....in 3B

Thanks
Karan

If a listed company is having two windmills and power generated from the above 2 windmills is firstly used for captive consumption and then is is sold to its respective electricity board. then how should be revenue recognized and what should be the accounting treatment as per respective IND AS

Dear Sir,

I want to ask a question that we are doing a sale transaction with our registered dealer and he will export the material with in 90 days from purchase and he ask from us on Tax Invoice to charge GST @0.1% on sale. then i want to ask you that what the benefit we will get from this kind of transaction and whether we can claim ITC on remaining amount in same month or next month ? and if cannot then what we can do?

In such a case my friend tell me that the remain amount cannot be utilised for ITC for other Transaction. remaining amount will be refund in our account. if true then what is the procedure of refund claim please tell me briefly.

on the other hand one of my friend suggest me that agree with the party and do the Tax invoice @ you purchase from your customer. it means that you have paid GST to department and customer will get refund when he will submit his Export documents to bank.the party will get refund of GST amount is it possible?


Then tell me from both of them which concept which Transaction will be more beneficial for us?

DEAR EXPERTS,
IF THE TDS DEDUCTED INCLUDES GST??? AND I'VE FILED MY INCOME REDUCING THE GST PART...AND AN INTIMATION FROM CPC CAME AS DEFECTIVE RETURNS.......I DONT HAVE AN IDEA WHAT TO DO?? CAN SOMEONE GUIDE ME?

Hi,

In case of F&O, if there is 15 lakh profit and 20 lakh loss, I understand the total turnover is taken 35 lakhs. This as per my understanding will be considered non speculative business income.

How do I show this in the P&L schedule of ITR 3 while filing the income tax return.

Kindly suggest. Thanks