Dear Experts,
as supplier we have paid the freight Rs. 2300/- on the behalf of our buyer. However we have not charge this freight amount in invoice but buyer would reimburse this freight amount to us. Pls clarify in this scenario who will pay 5% GST under RCM and who will claim ITC thereof?

Thanks
Mukul Gupta

Hi,

I have a small doubt, I am proprietor and i have two current accounts and i have accounted the same in tally along with those i have savings bank account where i am doing personal transaction there. My question is do i have to account personal account transaction also since i am a proprietor ? Please help me out....!

I have received gold making charge rand by mistake I have put in reverse charge column in gstr3b in month of July
And And aslo I have rec'd advance AMT 100000/- agst gold sale
So I have pay tax @ 3 % 3000/-on of RS 100000/- but total invoice made of rs100000/-including GST in next month.so can be any problem in GST audit.

Queries

1. In case my client makes Rs. 1,500 donation per day to an institute in cash, will it be eligible for dedction u/s 80G. Each receipt will be of less than Rs. 2,000

2. In case my client makes Rs. 1,500 donation each to 2 institutes, will it be eligible to claim 3,000/- u/s 80G

Thanks in anticipation of response.

Hi expert,
how need to get registration in the gst, what is limit for registration in the gst. that is my business sale and purchase of jeans, pant, t-shirt. please let me know. shoud i registered in the GST.

Your Best regards,

Mohd Nasruddin

can we file itr-1 of salary person having a refund of 20,000/- for FY-2016-17 now.? if yes how can we proceed?

Dear Sir
I thought I should check my working with the tax calculator link at income tax site, but the interest computed under section 234C and 234B is very high. The Assesse has income above 50 Lac with marginal tax benefit. Please help.

On a tax liability of Rs. 1,522,508 , tax deducted was Rs. 1,376,931 by 31st March 18, Thus assessed Tax become Rs. 145,578, In my working interest under Section 234A is Rs. NIL, Section 234B is Rs.4365, Section 234C Rs. 7350,

but as per income tax site tax calculator the interest under section 234C is Rs. 76881.

Regards
Puran Dangwal

Dear Sir,
This is for my friend's itr filing of fy 17-18.
He has salary income of 2,93,000 and 80C is 53,000. So taxable income is 2,40,000.
He also has traded in stcg and intra day on small scale basis.
Turnover is 195000 apprx.of both and stcg gain is Rs. 493 , whereas intra day he has made a loss of 383.. So net gain is rs. 110..
Since he is a PSU employee, he shouldnt be trading in intra day as per employment rules. Hence i have suggested him to stop intra day from fy 18-19.
I have suggested to file itr 2 declaring 240,000 as salary and stcg as 110... This is to avoid filing itr 3/4, since his office people will understand that itr 3/4 is only for business class and he may face issues therein.
Alternatively, since if we file itr 2, then that would mean hiding of intra day loss and i-t notice might come.
Please guide me Sir, whether,
Option 1- Stick to itr 2 and file with only salary n stcg
Option 2- File itr 4 declaring intra day turnover with 6% (though losses) with salary n stcg
Option 3- File itr 3 with tax audit Please take into perspective the employment terms also and income tax angle too.
Thank You Sir.

I have one query regarding refund of Withholding tax. One Company in dubai done some shooting and recording works and transfered hard disk to India. Dubai company raised full value on invoice.Indian company deducted 20% Withholding tax on invoice value.
So how foreign company get that refund ? kindly mention the procedures to apply for the refund?

Sir,
Kindly clarify that if we missed one invoice of previous year , then is it necessary to amend GSTR1 as well as GSTR3B of current month so as to incorporate old invoice and pay the tax with interest in following month return.