Hello,

I understand that with effect from 1st Feb,2019, IGST input can be adjusted against IGST and CGST Output tax and not against SGST.

If I do not have enough IGST /CGST output tax to adjust the entire IGST ITC, what is the option available and this will affect my cashflow.


Also would like to know the logic behind this decision.

Anyone please clarify.

Thank you very much.

Mohanan

Dear sir
Please guide
First query
My company is having delhi gst registeration and Selling goods to


Customer xyz with no gstin
Delivery address gurgaon
Billing address delhi

Will it be interstate sale or intra state sale.

Second query
My company is having delhi gst registeration and Selling goods to


Customer having gst no of up

Billing address up
Delivery address delhi

Will igst sale or intrastate sale..

Third quary

My company is having delhi gst registeration and Selling goods to

Customer having hyderabad gstin

Saying to delivery goods to AP
And Billing address is of hydrabad
Which state will take benifit of gst

Please help and guide

In the F.Y 2018-19 I met with an Accident and my car was fully damaged. The WDV of my car was 4.23 Lakh whereas I received 3 Lakh from Insurance company. This was the only asset in my block of asset. What would be the tax treatment Under Income Tax Act.Do I need to deduct the loss from capital account or Can I get any benefit under Income Tax?

Dear respected member,

I have to trans fund from India to my friend residing outside India, for pocket money. this money is to be sent on behalf of his parents so can anybody tell me about the procedure I need to comply.

Thanks.

Can employer contribute 12% Of minimum CTC prescribed RS.1800 being 12% of MINIMUM CTC RS.15000 where CTC is more than RS.15000 pm or he has to contribute 12% of actual CTC where CTC is more than RS.15000 p.m.?
please advice on the same

FOR HOW MANY YEARS CAN I CARRY SHORT TERM AND LONG TERM CAPITAL LOSS ON SHARES FORWARD TILL IT LAPSES
ARE THERE ANY CONDITIONS TO BE MET FOR CARRY FORWARD

IF NEXT YEAR I HAVE SHORT TERM CAPITAL GAIN AND NO LONG TERM CAPITAL GAIN WILL LONG TERM CAPITAL LOSS LAPSE IF I DONT SET IT OFF WITH SHORT TERM CAPITAL GAIN

Order Passed by AO u/s 143(3) by making addition u/s 14A. Later on in Appeal filed to CIT-(A) resulted in deletion of the addition u/s 14A.

Now ,while calculating the effect of tax for getting appeal effect it is found that Profit on sale of Car(Depreciable Assests) was not computed as per section 50 and consequentially accounting profit on sale of car in books was not removed while calculating Income from PGBP and it was got taxed under the head PGBP. Whereas on such sale deemed capital gain u/s 50 was NIL.

It was remained un-noticed by AO as well as the Asseessee during the assessment prooceedings.

What are the remedy available in this case.

How to get the refund of excess tax paid due to this mistake.

MY CLIENT IS HAVING GST NO AND HE HAS DOING COMPANY CIVIL WORK. HE ALSO TAKE CONTRACT FOR INDIVIDUAL RESIDENTIAL HOUSE FOR 20 LAKHS WITH MATERIAL. WHETHER HE HAS TO PAY GST ON THAT OR NOT. IF HE TAKE CONTRACT FOR ONLY LABOUR WORK FOR RESIDENTIAL HOUSE THAN ALSO HE HAS TO PAY GSTOR NOT.

PLEASE FIVE URGENT REPLY

When contract labour are engaged in a company, labour contractor is employer and company is Principal employer. PMPRY is initiated to encourage new employment generation. Govt. is reimbursing employer's contribution to encourage employers for employment generation.
However, in recent times it is observed some companies are demanding to repay employer's contribution paid by them to contractor towards contract labour.
My query is, is principal employer entitled for the same?

WE ARE PAYING EXHIBITION CHARGES FOR PROMOTING OUR PRODUCT.

CAN WE AVAIL GST INPUT ON EXHIBITION SERVICE INVOICE