Anonymous
23 July 2017 at 19:37

Defective return

i filed my return of income for the assessment year 2016-2017 in ITR-4, this is the case of transport vehicle for hire basis to government department so I opted 44AE so I haven't maintained books of account and submit the return as per the monthly hire basis as per the income tax act, CPC Is showing income tax return as defective return they are asking about books of account I submit the income in the column of 44AE and not selected the 44AA, can I file the return in 4S as a rectification return or not, please suggest me, waiting for your early compliance and oblige.



Anonymous

I want to know unregistered cloth dealers hold stock (Inter state Purchases) can opt Composition Scheme under GST.
Second is, if such purchases exempt from VAT than what tax rate levy on such stock (Composition rate or normal rate)
RCM levy or not on such Stock.
Details of such stock if not required to disclosed under composition scheme than what happend.

plz provide such detail.


thotasrinivas
23 July 2017 at 19:09

TDS claim

we got income from interest other than interest on securities credited directly to my bank account after deducted TDS for the year ending 2016-17. but TDS deducted amount shown in 1st quarter in FY2017-18. shall we shown income in FY 2016-17. if shown wthat abt TDS ? in which year we need to claim TDS for AY 2017-18 or AY 2018-19??? please give us clarification.


Dipak
23 July 2017 at 18:49

Rent income

Hello,

I am a small business owner. I had purchased commercial property in the name of my wife and take a loan from bank. Loan is jointly taken in the name of mine and my wife. Loan is repaid from my proprietary concern.
Property is used by my proprietary firm.

Should I have to pay rent to my wife?

What will be the implication of GST?

Interest paid to bank should be eligible for deduction?

Please guide me.


CA Akhilesh Kumar Kandpal
23 July 2017 at 18:45

Date of supply for excess payment

ex. invoice issued 990 on 1.10.17 payment received 1000 on 15.10.17 excess payment = 10 now next month invoice issued 990 on 1.11.17 payment received 980 on 15.11.17 my question is that what will be the time of supply for RS 10----1.10.17. or 1.11.17??? which invoice date does proviso to section 12(2) refers????


Murugesan
23 July 2017 at 18:39

GST on SEZ - Clarity

Dear Sir,   Greetings from Ocean Interiors…!!! With reference to the above subject, we would like to introduce ourselves as M/s.Ocean Interiors (P) Limited and are in this industry for more than two decades. We are allied to businesses like Infra, Civil Construction & Turnkey Fit-outs.  As of GST is concerned, we are facing day to day issues on the below aspects for which we need better clarity and solution to proceed further. With respect to SEZ projects,  ·         Does our client need to have separate GST registration for having SEZ unit? ·         Do we need to provide/submit any bond or letter of undertaking to the Government? ·         For getting exemption, do we still need to issue ARE-1 form to our supplier? ·         What are the documents we have/need to maintain? ·         We understand that, we can avail Input Tax Credit; request your inputs on the same. Your clarification in this regard will be very much valuable to us.


Karan Jain
23 July 2017 at 18:30

GST Registration

A lecturer having a total income of Rs.10,00,000 in a year, located in the state of Maharashtra, delivers a lecture in the state of Gujarat and earns an income of Rs.5,000 from that lecture. Will he be liable to get registered under GST on account of the interstate supply?


ARVIND JAIN
23 July 2017 at 18:16

Itr 3 for ay 2017-18

I have 9500 as f&o Income & 192500 as speculative income. STT paid on speculative income is 13772. T/O comes to 315347 for positive and negative figures of f&o and speculative trades. Got other house property,capital short term gains and interest income. Can I show above Income u/s 44AD in ITR 3 .Do I need to file Balance sheet and Profit & loss a/c?I have shown Gross Receipts 315437 Gross profit 215436 Expences 13772 Profit u/s 44AD 187892.please reply.Thanks



Anonymous


I am online chocolate fudge seller made in my kitchen unit using e-commerce platform. I want to register for GST. What GST rate is applicable for me? Can I use non-AC restaurant code ( service code - 996331) and apply 12% GST rate? OR HSN code of chocolate product - i.e. 28% to be applied?
Can anyone guide?


kumar Rahul
23 July 2017 at 18:02

software export

plz clear in which section income calculate 44AD OR 44ADA?





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