If both the hospital and pharmacy is under the same gstin registration, can the input tax credit on purchase of fixed assets be claimed proportionately against the output tax liability of taxable medicine sales of the pharmacy?
Whether is it beneficial to not to claim credit and rather show the full amount including taxes as Cost of Fixed asset and claim depreciation thereon?

A dealer has applied for refund of Rs.400/- excess balance in cash ledger under fee head.As the refund amount is less than Rs.1000/-,and refund claimed is inadmissible under GST act,then in order to reject the refund application the proper officer will reject it in form RFD 06 or RFD08?What procedure is to followed by proper officer?

DEAR SIR,

MY CLIENT HAS SOLD OUT HIS BUSINESS, HE EARNED SOME MONEY AS GOODWILL OF BUSINESS, MY QUERY IS THAT ON SALE OF GOODWILL - DOES HE HAS TO PAY GST? IF YES AT WHAT RATE? PLEASE ALSO SEND ME CIRCULAR OR REFERENCE FOR THE SAME.

We are trying to close fund based working capital loans (CC, PCFC) taken from a PSU Bank. We are an MSME exporter. Our sanction ticket does not mention any foreclosure or pre payment charges that could be levied by the existing Bank. We have now availed such takeover loans from another private bank and the old Bank wants to levy foreclosure charges on WC loans inspite of no mention in the sanction ticket. Is that correct ?

My client is having a consultancy Business Annual Turnover is 10,00,000/- .
He avails a service of a person for his business on contract basis for Quarterly Fees of Rs. 30,000/- .
Nature of Service is Technical .

My query is , whether my client requires to deduct TDS for the payment made for services availed as per above.

Sir,
I required Project report on Commercial Vehicle finance from Bank, Kindly provide me as earliest possible at shrivastava.vivekk@gmail.com.


Thanks With Regards
Vivek Shrivastava

I have formed an LLP and have purchased a land where part has been paid in money plus I have to give certain residential units to the original land owner. Now my LLP wants to give this land on Joint Venture to a developer.
1) My question is when does my ie the LLP's Income Tax liability arises (as and when I sell my share of the units or everything at once).
2) What if the LLP decides and allocates units to various partners in the LLP, then when does the tax liability arise (at possession or selling each unit or even if one unit is sold entire tax liability arises)

i have bought an apartment, First payment was made after completion order received where GST is Not Applicable. The maintenance charges are also mentioned in the agreement for sale. Now i have to pay the maintenance, Am i liable to pay GST on maintenance.

kindly revert

sir i have got reg. for op 3 yrs ago but due to some reason i didnt attnd the class also nor any batch is alloted n nw for my artclshp it is mandatory wht to do pls must quick reply

A party deducted tds for Fy 2007-08 but TDS Return not filed.
but now party wants to file TDS return for the same.
As per 234E there is a late fee for late filing max. upto TDS amount.

So is it possible to first file NIL TDS return to avoid late fee than file revised return for the same.