Dear Sir/Madam,
MR. B Supplying goods but having total turnover below exemption limit of 20lacs so he did not opt for GST registration (unregistered dealer), he is supplying goods which are chargeable at the rate of 18%. On his behalf company is paying tax on reverse charge basis, we as a company are availing @ 5% GST without input credit for output services.
1) Can we get input credit of same which we have paid on behalf of unregistered dealer i.e. MR. A??
2) Can we use the same for setting off against 5% tax liability that is to be paid??

Regards,
Rakesh

Sir/Madam,

MR. A is professional but having total turnover below exemption limit of 20lacs so he did not opt for GST registration (unregistered dealer), he is providing services which are chargeable at the rate of 18%. On his behalf company is paying tax on reverse charge basis, we as a company are availing @ 5% GST without input credit for output services.
1) Can we get input credit of same which we have paid on behalf of unregistered dealer i.e. MR. A??
2) Can we use the same for setting off against 5% tax liability that is to be paid??

Regards,
Rakesh

RESPECTED SIR,
I AM WORKING AS A PAID STAFF IN A CHARTERED ACCOUNTANTS FIRM.
SIR, THESE DAYS MOST OF THE ASSESSES ARE TAKING PREMATURE PAYMENT OF THEIR FIXED DEPOSIT AND OTHER INVESTMENT AND ARE INVESTING IN BIT- COINS
SIR, I AM TOO MUCH CONFUSED THAT IN THE EVENT OF SALE OF THESE BIT- COINS HOW THE COMPUTATION OF INCOME WILL BE PREPARED ? UNDER WHICH HEAD OF INCOME THE SAME WILL BE TAXABLE ?
SIR, PLEASE GUIDE ME


WITH REGARDS

SIR
AGAR MAIN RS.1000 AS OUTWARD FREIGHT CASH ME DETA HU TO GST RATE KYA LAGE GA OR KYA WO MUJHE HE DEPOSIT KARANA HOGA KYA
PLZ CLEAR ME
REGARDS
RAJENDAR SINGH

I am salaried employee. i have been to investing in shares from last November. In initial months i have traded for few days i.e; intraday and got net loss of Rs 167 with a trading value of Rs 10000. From February i haven't traded again and but have few shares for investment sake. I have no intention to trade as intraday further and set off that loss which is a minimum one. Can i file ITR 2 instead of ITR 4? Since i filed only ITR 1 last A Y where i have no income except salary.

Sir,

My client is engaging in travel business. He his buying air tickets from air lines or primary travel agency (IATA). airlines or primary travel agencies are giving commission to him. As per service tax turnover over is calculating as per commission basis. He received around 8-9 lacs commission per annum.

In uttarakhand GST is exempted upto 10 lacs p.a. but airlines or primary agencies are located in other state & they charges IGST on commission.

So he is liable for GST or not. If yes then he claim IGST as ITC, while he selling in uttarakhand (CGST/SGST).

Please about me,Whether RCM applicable on
1.Rent Charge of business premises paid by a person having GSTIN Number to unregistered individual person.
2.office expenses like refreshment

i deposited Rs. 650000 into my bank account during the period 08/11/2016 to 30/12/2016. This was the cash held by me on 08/11/2016. i have received a query from the income tax department regarding this cash transactions.

Under which head i have to include this cash deposit? is it to be shown under the head CASH OUT OF EARLIER INCOME OR SAVINGS? or any other head? This cash was held by me on 08/11/2016.

Experts kindly clarify.

Dear Sir,

One of the my client having two proprietorship firm. One is registered under VAT & second is registered under Service tax. First firm is retail business & second is travel agency. Proprietor of both firm is same.

My question is... 1. Registration under GST of both firm are same or separate.
If same registration then we can obtain Composition scheme under GST or not.

Thanks & Regards,

Harendra Singh

Hi, my Form 26As shows 4 Lacs, but after my exemptions, say it will be 3.5 lac, I have mentioned in 3.5 lac in Tax details. Will I get any notice if there is mismatch of income shown in Form 26 AS & Tax details provided by me.?
Should I revise the return1