Dear Friends
Is it legally valid to provide a Grant-in-Aid to a Registered Federation of Self Help Groups for which 12A is Applied For and awaited.
Funds are domestic in nature and raised by the Donor Organisation.
Does the Donor organisation, another registered society, attract any Direct or Vicarious liability?
Would the Donor organisation be violating any law, if providing such a Grant and lose any of its registrations (Society registration, 12 A, 80G and such others).
What Statutory/Tax liability would the Recipient organisation attract if it were to receive such a grant towards Capital Equipment Purchase and Start-up Capital for Income Generation Activity (Value Addition/Collective Livelihoods) among its constituent members.
Is it correct to state that such Tax Liability would be attracted only if the Nett Profit (Income less Expenditure) is over Rs.2.50 lakhs in the corresponding Financial Year.
A quick revert would be excellent.

ITS URGENT !!!
Dear Friends,
I need to know how we can show our LIC Policies investment in our Balancesheet .
can we show it in its surrender value (that can be available to us from LIC Office).Or we can show as all that preminum that we had paid till date.for example i paid yearly premium of 10000/- and for 15 year i paid the premium so can in my balancesheet as 10000*15=150000/-

Please Help!!

Dear Sir,

i have paid GST excess by Rs.3000/- and also filed GSTR3B, at the time of filing GSTR 1 i realised that i have taken wrong assessable value of bill and also wrong GST amount..

my question is can i revised/Correct GSTR 3B? if yes the how? if not then can I get refund in my ITC account?

Please suggest...

Thanks in advance

Dear Sir,
Cess paid on coal purchase by a building bricks manufacturer would be refunded or he can adjust it against his cgst or sgst liability?

Dear Experts,

Our company has hired a person to impart training to employees. The trainer has raised the following invoice:
1) Service charge/Training charge and GST thereon (Our company have no issue on this)
2) Traveling Charge {The trainer has booked tickets for to and fro journey and has raised invoice for the actual amount of expense (actual Flight Ticket cost) plus GST thereon}

Question - 1) Whether the trainer is right in issuing invoice for the amount on reimbursement?? Since airline has already charged GST on their ticket. Further the trainer is adding GST on it. Please note that our company is not eligible to take credit on input services and therefore any payment made towards GST on input is a cost for company.

2) Whether we can exclude this reimbursement under pure agent???

Hi, Suppose I have sold Property of inr 180000 and Purchase value of property is 0. Total income in this year is also inr 180000. so i want to know that this income is taxable as per LTCG rate or it may be exempted due to low income as per slab rate

Dear Sir,
we are engaged in manufacturing unit, as per audit EA 2000 para we paid some amount in GTA and manpower as RCM and we taken credit in TRANS-1 but verification of trans-1 by authorities he had say credit is not admissible.

I had already sent my ITR V to CPC during Nov.17 for AY 2017-18, but the same has not yet been received by CPC. Same is case for many clients. If I sent a scanned copy ot rhe ITR V to CPC, whether it will serve the purpose ?

Dear Sir,

Our company is proprietor company. I have sent material to Gujarat. Transporter given bill. He is not charged GST . Now it is come under RCM ? AND what is the rate of tax I will paid. Please suggest me

Suppose A is in Tamil Nadu and B is in Mumbai. A is registered dealer sold goods to B, B is unregistered dealer. In this case how to rise the taxable invoice. Which tax type applies here. BtoB or B to C. and IGST or CGST & SGST?