Facts:
One of our client a Private Limited Company have accepted Share application Money from its subsidiary a Foreign Co.& also issued shares in the same financial year ie FY 16 - 17.The shares issued were valued by DCF Method. Query:
1) Wether International Transfer Pricing Provisions will be applicable to the Co. & 3CEB needs to be filed before 30th Nov. 2017.
2) If Transfer Pricing Provisions applicable, what will be the method of Computing Arms Length price.

Our company has not paid GST under RCM for expenses more than Rs.5000 from Unregistered dealers from the beginning (1.7.17) What is the remedy now ?

Our company supplies goods only to SEZ companies, all materials are supplied at zero rated, but we buy this material from market at regular tax rates as we are a regular dealer, Is there a way in GST to purchase the materials without tax as it is being supplied to SEZ companies. SEZ companies issues Exemption certificate to us. Is there any exemption available for SEZ suppliers?

Thanks

Can a person gift land to his grand son under a will ?

Also whether the grand son can in turn gift the same land to his uncle ?

what will be tax implicationa ?

Till date GSTR-3-B is not at all editable. Whether in future is there any hope to edit the GSTR-3-B wherein there should be provided some facilities to edit the amount of ITC amount and OTC. Please pass your comments on this view.

Read more at: https://www.caclubindia.com/experts/whether-after-some-time-gstr-3-b-will-be-editable--2598319.asp

I have deducted TDS on Provisions for my utility bill on 31st Oct 17 and paid the TDS on 3rd Nov 17. Now I have received the actual bill dated 11/11/2017 from my landlord for Utility which is lesser than than Provisions made. Can I adjust the excess TDS deducted to my next month Bill and make the payment to government. Kindly advise

4A refers to Inward Supplies recd from registered supplier (other than supplies attract reverse charge)
4B refers to Inward Supplies recd from registered supplier (attracting reverse charge)
Is there no need to show purchases made from registered supplier ( who have already charged GST on their Bills)??, if yes where to show?

One of my client filed income tax return for AY 2011-12 on 07/02/2012. While filing return mentioned as male instead of female but tax computation was done according to slabs of female, as a result there is an outstanding demand which was carried forward till now. How to rectify now?? Is there any possibility to rectify now or else has to pay the amount?

I am an architect teaching at a private architecture college as a visiting faculty members. I am paid a monthly honorarium based on a fixed amount per hour taught. As my total income (including from teaching and practice) does not exceed INR 20lacs per annum, I am not registered for GST, so obviously I do not charge it to my clients or the colleges.

Since the implementation of GST, one of the colleges I teach at has been deducting 18% from my monthly payments towards GST. On inquiry, I was told that the college had to pay that amount as GST for all visiting faculty members services. As the burden seems to have been put on the faculty members, we are effectively facing a pay cut of 18%.

I would like some clarification on the following points:

1) If I do not have a GST number, is the client (in this case, the college) still liable to pay GST for my services?

2) I am being told by the accounts department that I will be getting this amount back with my IT refund, which makes no sense to me.

3) Since there is no provision for TDR under GST for transactions of the nature I have described above, under what logic is this amount being deducted?

I hope someone can shed a light on the above.

Regards.

can someone please suggest me study plan for ca final exam for nov 2019 attempt as to when to start coaching, which subject to study first which are less affected by amendments as i am thinking to go for group 1 only in my that nov attempt and any other relevant thing u can tell please from ur experience.  it will be of great help for me