When a private company is accepting deposit from members, within limit, is it also required to issue circular to members? As per my understanding consent of members is required to be obtained in general meeting for accepting deposits (in limits) and forms MGT 14 and DPT 3 have to be filed with ROC. DPT 3 will be filed as an attachment to GNL 2. Kindly advise if my understanding is correct.

Sir,

A bakery shop sold snacks, sweets and cakes etc in a ground floor also have a restaurant in firs floor deals tea , snacks, pizza and cold drinks and ice creams.

Here in restaurant, puffs,cutlets and ice creams were sold at a GST tax Rate of 18% just like in a bakery shop . But the customers claimed and demanded the shop that the restaurant services are under the slab rate of 5 %., why you are levied 18 % on puffs?

And we pointed out that puffs and cutlets were purchased outside from the manufacturing unit at a GST Rate of 18 %.

What we will be levy towards our serving of puffs in restaurant whether 5 & or 18?

Please give your valuable reply in this regard is highly appreciated.

Please help in following case -

A Ltd. selling its old Car to B Ltd (Car Dealer) in exchange of other Car Purchase on 30.11.18

Old Car Valued Rs.148000
WDV as per books on supply date Rs. 20000
WDV as per Income tax Rs.118000

GST to be charged on (148000 - 20000) or (148000 - 118000) ?
Also how to generated GST Tax Invoice ?

i have associated with "mahindra finance" as an agent and provides services for financing commercial vehicle. i have earned a commission of Rs.350000. the company saying me to register under GST and levying 18% gst rate or 5% rate. the company will pay the net amount after deducting GST. the company said me that there are two rates available.one is 5% under which no credit is available and the other one is 18% under which i can claim credit.
i don't know what the company actually wants to say.and also tell me the GST deducted by company is refundable or not.
is this input tax or output tax for me?
what is the SAC code for me for registration.
thanks

Sir, I want to take transfer within 50 km in 2nd year of articleship. Is there any requirement to mention reason in NOC given by CA. Even(by myself) attaching an application showing reason for transfer. Only NOC enough for taking transfer as I am not getting any work. My principal is not going to write as," not giving him work" in NOC.
PLEASE REPLY ASAP

If I buy from an unregistered dealer, then what is the tax on it?

Whether a Trust or society can take a Keyman Insurance policy ? Whether the premium can be paid by the registered Trust/Society pay premium for the key members of the executives of the trust. Is the payment of insurance paid by the trust/society be treated as business expenditure of the trust. In the event of the risk circumstances the policy proceeds received by the Trust/Society be taxable ? In the event of assignng of the trust does the family member can receive the proceeds ? Whether the funds received into trust on the death of key Member executive will it be passed on to the successor of the family ? Is this income taxable in the hands of the beneficiary

chandra sekhar pvs

WE ARE PAYING INCENTIVE TO OUR SALES PERSON FOR ACHIEVEMENT
OF SALES TARGET

CAN WE ARE LIABLE TO PAY GST ON SALES MANS INCENTIVE PAYMENT


YOU ARE REQUESTED TO GUIDE US.

Dear Members.
In gst regime I'm confused about branch trf both inter and intra, I have studied here that No GST shall be levied on intra-state branch trf. Pls let me know the relevant section, rules, wherein it is stated that No GST is chargeable on intra-state branch trf.

Thanks
Rohit Jain

I need to incorporate a new private company, where the 51% shares would be held by an Indian promoter and 49% is to be held by a foreign company (Chinese Company). will the company Incorporation procedure be same as other private Company Incorporation or do we need extra documentation for the same? will RBI come into scenario