dear sir, can we take input tax credit/get refund if we sales..1. 0 rated taxable goods. 2. exempted good sold. plz suggest on two above cases thanks pankaj

Can we claim GST ITC for GST paid on Bank Charges?

Hi,
Please help to ascertain Residential status of Individual.one of my client was out of India for employment for more than 290 days during F.Y.2016-17. He had contract with foreign Company. now his contract is terminated. during the last 4 years he is more than 730 days in India. so what is the residential status of Individual?

Thanks

Vinay Dixit

A Govt. Co (*) provide tender to Contractor for work construction of police station and jail for them. Contractor provide Running A/c bill by Charging GST @ 18%.Now Govt. Co. deduct 8.5% Agency Fee(**) as their profit part and make payment to contractor. Now my question is that any GST output arise to us for 8.5% charge deducted from Contractor. *Govt Co. share are held by Governor of the State. Government Company is working as middlemen for Govt. of the State which receive administrative approval from the Govt. of the State for the same work. **Agency fee is that which Govt. Co. charge from the Contractor to meet their business expenditure, employee salary ,etc. Is there any output GST arise in this case or not for agency fee.
Therefore Govt. co is end consumer or liable to pay GST. (Govt. co. is Registered is GST)

I'm an Individual tax payer, deriving income from Salary & interest from Bank Fixed Deposits.I'm not required to get my accounts audited & the last date of filing Return of Income A.y 2017-18 under Sec.139(1) is 31st.July,2017.A refund of RS.71,000 is due to me,as a consequence of Relief u/s 89(1).Will there be any benefit lost,if I file the Return around 10 th Aug.2017.R.Dayal(31/7)

sir
when late filing penalty for itr (rs. 5000/-)will be applicable?
that is from 31 july 2017 (from a. y. 2017-18)
or from 31 july 2018 (from a.y. 2018-19)?

thanking you.

Dear sir,
Our newly start up company TIN & CST was cancelled due to unavoidable circumstances. We came to know the cancellation after receive the cancellation order form Joint Commissioner- TAX.
We want to know the following;
1. Whether we must reactivate the TIN & GST before going to get the GST registration number (or) without reactivation shall we proceed directly to register GST.
2. For the reactivation, proprietor need to go directly to tax office to do the reaction process or any authorized person can do
3. During the cancellation period, shall we do business (buy & sell).
Kindly give your valuable suggestion for the above mentioned queries to reactivate the TIN & CST then followed by to register GST process.

AY 2017-18 me pichle kitane saal ka return file kar sakta hu. Or kitane saal ka refund aa jaega mera 2 year, ya 3 year. Mene mera return file 2012-2013 me kiya tha usake bad mene nahi kya me abhi jab 2016-17 or 17-18 ki return lagauga tab unka bich ke saal ka return file kar ke refund le sakta hu.

good morning. mr.x. working a company, there deduct the esi and epf. at the same time he doing business { service related work} more then three company, that companies deducted tds @1&10%. that case how to treate the it. pls confirm sir

Long back in 2012, my father had sold one of our house inherited from my grandparents as an immovable property. The entire transaction was carried transparently and we had received cash in terms as bank deposits from the owners. My grandparents had 3 sons out of which my father is the youngest. Now 4 days back we got an letter subjecting to non filing of IT returns based on my father's pan card. Please advise what to do.