Dear Sir / Madam,

We are registered dealer of GST. We are supplying materials within the state and outside the state. When we supply outside the state, some of our client want us to arrange for the transportation of material and we are working as pure agent, we arrange for transport and pay on behalf of our client and charge the amount to our client in the respective invoice. In CST, Transport was not included while calculating, so our query is this whether we should
collect integrated GST on the amount of Packing and Forwarding charges or not? Also give the valid notification, or rule or whatever related to this?

since LLP Limited liabity partnership is not eligible to to opt for section 44AD, can we declare profit below 8% after claiming deduction of eligible partners remmuneration with proper maintenance of book of account ? is there any need for tax audit

I HAVE E FILED THE AUDIT REPORT U/S 44AB ELECTRONICALLY AND MY CLIENT HAS APPROVED THE SAME.
THOUGH I HAVE FILED ACCORDING TO THE PROVISIONS ; MY CLIENT RECEIVED NOTICE U/S 139(9) ;DECLARING IT TO BE A DEFECTIVE RETURN ; SHOWING ERROR CODE " 82 "
HOW TO RESOLVE THE ISSUE ; AS I FIND THERE ARE NO DEFECTS.

I filed one of my clients Tax audit report (Form 3 CB - 3 CD) along with the Income Tax Return for the A.Y 2017-2018,with the confirmation of mail after the successful filing . still my client gotted a notice regarding your ITR becomes defective with the reason of "Non filing of Tax Audit report Electronically",can you please help me in this regard .

Can tenant claim municipal tax paid by him as a expenditure??

Dear Sir, i was filed my ITR for A.Y.2017-18 inwhich 2400 was tds refund, but due to wrong Bank A/c.detail filled in ITR so my Refund was not credited in my bank. so what is the proceedure to take refund

Under GSTR 2 one of the invoice by the seller has been mistakenly entered into INTRA State rather than than Inter State... Now what to do? We cannot modify the place of Provision, so How can we take the credit of ACTUAL IGST, where GSTR 2 shows CGST AND SGST?

Dear Sir/Madam,

we are raising the invoices for the projects we carry out under scientifc consultancy services. Say .eg. we raise an invoice today (6th Nov. 2017) for for Amount Rs. 10 Lakhs. Which has GST as Rs. 1.8 Lakhs. This GST when we should pay?

1. After recieving the amount: as we sometimes we may not get the money.

2. Aftr recieving the payment

3. We may get partial payment>

In all these cases when shall we pay GST by which date.

Kindly advice

Appendix B5.4.2 of IND AS 109 Financial Instruements says :

Fees that are integral part of the effective interest rate of a financial instrument include:

a. Origination fees received by the entity relating to the creation or acquisition of a financial asset. Such fees may include compensation for activities such as evaluating the borrower’s financial condition, evaluating and recording guarantees, collateral and other security arrangements, negotiating the terms of the instrument, preparing and processing documents and closing the transaction. These fees are an integral part of generating an involvement with the resulting financial instrument.



b. Commitment fees received by the entity to originate a loan when the loan commitment is not measured in accordance with paragraph 4.2.1(a) and it is probable that the entity will enter into a specific lending arrangement. These fees are regarded as compensation for an ongoing involvement with the acquisition of a financial instrument. If the commitment expires without the entity making the loan, the fee is recognized as revenue on expiry.



c. Origination fees paid on issuing financial liabilities measured at amortized cost. These fees are an integral part of generating an involvement with a financial liability. An entity distinguishes fees and costs that are an integral part of the effective interest rate for the financial liability from origination fees and transaction costs relating to the right to provide services, such as investment management services.

Query:

'Upfront fees' and 'Structuring and advisory fees' on borrowing of term-loan from bank has been treated as transaction cost by my client. I want to know under which of the above three points does the cost fall into because:

Note: The company has treated the financial liability to be measured at amortized cost as per IND AS 109.

a above talks Origantion fees received

b above talks about commitment fees received

c Origantaion fees paid on issuing financial liabilities



Any help will be helpful and much appreciated.

Dear Sir/s,

We are a company providing services in education field - to guide students for banking and finance sector. Now we are selling our fixed assets to other institute as we are closing our one centre and all the assets in the rental place will be sold to the new purchaser. Our question is that whether we should charge 18% GST on this resale or not?
Our service industries is commercial training and we are registered under GST in this head. Please guide us as early as possible.