XYZ(Proprietor) is registered with GST for the Security Services provided to PQR (Pvt. Ltd. Company) registered with GST. XYZ is charging GST on which PQR is taking credit. Is this correct or XYZ cannot charge GST and PQR need to pay GST under reverse charge and then take input tax credit on it?
I have received notice under section 148 for AY 2012-12.
In AY 2012-13 my father sold agriculture land and give me money and i deposited it bank. Please tell me what i do for reply of section 148.
One of my client failed to file ITR for a particular year, now i want to send a condonation application u/s 119. I want to know whether there is any online process to submit the condonation application or we have to submit it through manual process only.
if any draft application is available please share it with me
Real account are the accounts which relate to tangible or intangible assets of the firm. So how could a reserve be treated as a real account.
What is the normal timeline which CPC takes to process the refund of around 2.5 lakhs after sending the intimation u/s 143(1)? It has been 2.5 months but clients are not getting the refunds.
we purchse goods from our supplier and instruct him to ship directly to my party.
my supplier issued ewaybill bill to me and ship to third party.
now i issued invoce to my party. is there any requirment to issue ewaybill from me?
Dear Sir
I have purchase a flat in the year 2012 with Rs.600000/- and now I want to sell the same at Rs.4600000/-
But the flat was mortgaged with bank ( I have taken education loan from Bank for my child)
My Query is if i pay the bank loan from profit of sale of property is taxable in my hand or not.
Please help me
Sir/Madam,
We have a manufacturing company and Insured its Building, Plant & Machinery etc under "The New India Assurance Company Limited". In March 2019 I had renewed my policy and received a GST Invoice with my GSTIN and clearly mentioned Insurance amount, CGST and SGST, can I take Input of this invoice.
Respected sir
we have developed app for payment & discount purpose for that we have incorporated business in dec month
we have appointed it team of 7 person & paid salary for oct & nov month
i want to know whether salary for oct & nov month will be allowed as deduction as preliminary exp or it will not be allowed in income tax
thanks & regards
jignesh daiya
Dear sir, My grand mother is going to sell her rural agricultural land by which she will gain 40 lakh.
Now my grand mother will gift me 40 lakh by cheque via banking system. I do earn 25 lakh per annum. And If I will get this 40 lakh gift from my grand mother.
I am deeply worried about any sort of tax liability of gift on me. I want to be perfectly sure about the event of any tax before selling agricultural land so as there would be no fear after receiving the gift.
Please sir specify the clause of Tax Laws
1- What is tax liability on me ?
2- what is tax liability on my grand mother ?
Thanks in advance
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
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