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

I sold my old house in Sep 2014 and used the long term capital gain of Rs.20L from that to construct a new house. The construction of the new house was completed in time before Sep 2017 and I am currently living there.
Unfortunately, I have to sell the new house as well. So, now how will I be taxed.
I have already taken exemption under sec54. So, I am not allowed to sell the new house before Sep 2020. But if I sell the new house now for say 50L how will the tax be calculated.

I HAVE REGISTERED UNDER GST ACT IN MAHARASHTRA. I HAVE PURCHASED CLOTH RS. 105000/- FROM URD SUPPLIER. NOW I CAN GENERATE EWAY BILL FOR INWARD SUPPLY. IN EWAY BILL WHAT MENTION BY ME BILL OF SUPPLY OR TAX INVOICE. PLS GUIDE ME.

Sir,
We had purchased one 1 BHK house in 2015 which was registered in my father name & loan was taken from OBC Bank by my father. This property is under construction till date. My father retired in 2018 now i have transferred loan in my Name but property still registered in fathers Name. Question is can i get home loan deduction for EMI paid by me. It will be great help if you could suggest relevant sections

Thanks