Dear Sir,

We are providing GTA services (FCM basis) and given vehicle on monthly hiring basis,

If any overtime charges over and above monthly hiring is GST is applicable or not.

If not please share the circular if any.

Thanks & Regards
Lingam

Respected experts, two of my friends Incorporated a PVT LTD company in 2024. Right from the incorporation ,no business was commenced and my friends (directors of such company) were underwent several difficulties between each other and left that company without any further ROC filings or actions. Now my query is, what are the required filings/further actions to be taken by them regarding the Closure of such Company. Are there any consequences to be faced by them?

Other point to be noted is : One of such friends incorporated another company with his mother and carrying the business. Is there any negative impact on his directorship in the newly incorporated PVT company without closing the first incorporated company(mentioned above) ?

Thanks in Advance

If the HUF client has an income of approximately ₹9,50,000 from interest on an unsecured loan, will it be liable to pay any tax under the new tax scheme for FY 2025-26 (AY 2026-27)?

Respected Experts, I recently Incorporated a PVT LTD company. So my query is , What are the filings required during the first year of Incorporation and also at the end of Financial Year ?

Dear Sir,
We are manufacturing of Writing Printing Paper and for running plant there are various services which we availed. So, we need your valuable advice about RCM applicability (With Notification & Ruling) on below mentioned points:-
1. We receive commission bills from unregistered person (Against Purchase of Bagasse, Wood, Paddy & others RM). Is RCM applicable on such transaction?
2. We purchase Paddy husk (Exempted goods) from unregistered person. Some Unregistered suppliers give invoice memo and some are not giving any docs. Is self-purchase invoice required to generate and applicability of RCM?
3. We purchase some general goods (Stores Item / Stationary / Housekeeping Items & Etc) from unregistered person with Invoice memo. Is RCM applicable on such transaction?
4. We have received services related to Civil/Mechanical/Electrical & other from unregistered contractor, which is booked in books of a/c under the head of Rep & Maintenance-Mechanical/Electrical/Civil & Others related head. Is RCM applicable on such transaction?
5. We receive services related to monthly Fixed Rental of Tractor Trolly for Plant work (Within Premises) and take JCB/Hydra on hourly basis from unregistered contractor, which is booked in books of a/c under the head of Vehicle Hire-Plant. Is RCM applicable on such transaction?
6. We receive services related to loading/unloading of material within Plant, shifting/staking by tractor trolly/dumper of RM, Fuel, Lime Sludge, Ash & Others (Agreed contract based on Weight Basis/Monthly Fixed) from unregistered contractor, which is booked in books of a/c under the head of Loading/Unloading Exp, Shifting Exp, Staking Exp, disposal of Mud Exp & Etc. Is RCM applicable on such transaction?
7. We receive monthly bills from mid-level employee as retainers of Plant (Age 60+), which is booked in books of a/c under the head of Rep & Maintenance-Mechanical/Electrical & Others. Is RCM applicable on such transaction?
8. We receive monthly bills from employee (Security) as retainers (Age 60+), which is booked in books of a/c under the head of Security Expenses. Is RCM applicable on such transaction?
9. We receive monthly bills from employee as retainers (Age 60+), which is booked in books of a/c under the head of Professional & Consultancy. Is RCM applicable on such transaction?

Please kindly help me how to solve this problem

Thanking you,

HI..
I wish to know any MCA , RBI compliance is there and what are the documents to be prepared, when there is a modification in foreign shareholders name, other things remain same.

Dear Experts,

Gift deed of immovable property was made in FY 2023-24 (Jan 2024) from father to son. However the same was registered in FY 2024-25 (April 2024). Property was commercial property and yielding rental income.

So rental income from Jan 2024 (i.e period from which gift deed was made) will be taxable in hands of father (gift giver) or son (gift receiver)? Period in doubt : Jan 2024 to March 2024

Pls advice

Regards,

Can someone clarify that, one of our client is engaged in GTA services. So he used to fuel up his vehicles on monthly credit basis and no contract was established. However, such transaction cannot be deducted u/s 194C, though charges paid for purchase of fuel is treated as goods. Will TDS u/s 194Q may apply? (Correct me, If I'm wrong). Thanks in Advance!

PLEASE EXPLAIN CAN I ADJUST LAST YEAR ADVANCE TAX DR.BALANCE AND TCS RECEIVABLE ON PUR. AGAINST CURRENT YEAR PROVISION OF TAX?

WHAT WILL BE THE ENTRY...?