I am holding cash credit limit with HDFC bank and I want to transfer my limit to ICICI bank.

But HDFC is telling if you transfer the limit you have to pay forclosure charges @ 5%

I want to know is bank are liable to charge foreclosure charges, is there any Rbi notification regarding this

What happens if TDS is not deducted by buyer and remitted to seller if property value is 50lakhs.Then who has to pay the TDS, will the seller be liable to remit the tax?

When we want to Submit GSTR1 RETURN FOR THE MONTH OF AUGUST,2017, a masage shown which mention below

Error! GSTR-1 Save/Action on Counterparty Invoices/Submit are not allowed for current date, Please visit https://www.gst.gov.in for details on GSTR-1 timelines.

How to solve this problem

CGST Liability is Rs 100

Available ITC balance with SGST is Rs 200

Can we pay CGST liability by SGST ?

IGST Payable Balance is Rs 100

ITC available with SGST is Rs 200

Can we pay the IGST liability by the SGST ?

sir, i am a registered dealer, dealing in purchase of scrap (paper, plastic, metal etc...) from unregistered dealers, do i have to pay reverse charge/tax on purchase of scrap from unregistered persons or, i fall under marginal scheme as i purchase old goods and sell them without changing its nature....

Read more at: https://www.caclubindia.com/experts/reverse-charge-on-scrap-purchase-2573469.asp

i having a factory and outside on road a shop with same place and same name of trade name under sole proprietorship business. shop and factory having same gstin. factory and shop sells goods with computerized billing .after that we wants bill of shop sales with a etc. manual bill book can it really possible and what is procedure under GST concern ?

If a person have income from other sources (commission, brokerage etc but its not his business) but dont have income from salaries and income is less than 10lakhs , can he file his return in ITR-1? I have this doubt because ITR-1 does not ask different sources for income from other sources, but only total amount and i have different sources of commission and brokerage. so, i wanted to ask if i could file it in ITR-1?

Hi, When we book the air ticket for our company, we get invoice with GST. Invoice will have both the parties GSTIN.
Question 1 is apart from the GST mentioned in the invoice, do we need to calculate anything extra as RCM basis.
Question 1. GST already mentioned in the invoice, can we claims Input GST.
Can you please advise.

What is Special Purpose Vehicle (SPV) (please explain by an example) and is it possible that a SPV in India is having a wholly owned subsidiary outside india?