Anonymous
13 August 2017 at 11:05

Landed cost

How to Calculate Landed cost of Purchase item, and what point should be taken in to consideration for that


venkatanarasimharao murala

Dear sir/madam

1.Our company is an advertising agency engaged in the activity of publishing ads in news papers.
2.publications are charging gst@5% of net taxable amount from us after agency commission .
3.In what way we have to bill to Client .
4.Weather we have to collect Gst @ 5% or 18% of Commission received to our agency or both
at preset we re giving bills to client as for example as follows:
Goss Bill amount 10000
Less Dis @10% 1000
Net amount 9000

Publication Gst 425
(10000*85/100*5/100)

Agency GST 270
(10000*15/100*18/100)
on Commission received

Total 9695
Please guide we on this issue.


Guest
13 August 2017 at 10:51

Opt composition scheem

Sir , I am existing taxpayer in Vat now I am migrated in gSt my gst no.& ARN NO. has been generated. Now I want to opt composition scheem but on Gst portel application for opt composition levi shows financial year 2018- 2019 how can I opt composition for 2017-2018.last date is 16 August. Thanks


ravi

CASE : A registered Party as a regular GSTN has received inward supply, and supply does not fall under (Notified Service & Goods), from a Unregistered Party which is also a Central Party.

Now pls explain:
1. How Reverses Charge Mechanism will work on inward supply from Unregistered Party who is also a Central Party?
2. Which Tax class (IGST) or (CSGT+SGST) will be applied here to pay RCM.

Thank's
Ravi


Ashwini
13 August 2017 at 09:56

Opting for composition scheme

IF A PERSON HAVING TURNOVER OF LESS THAN 75 LAKHS AND GETTING RENTALS FROM RESIDENTIAL PROPERTY CAN OPT FOR COMPOSITION SCHEME?



Anonymous
13 August 2017 at 09:53

Section 44ad benefit

dear sir,

one of my relative is having gross recipt of near 60 lakhs from security business providing manpower.
can i file return by showing 8% profit without maintaining books of accounts under sectgion 44ad of income tax act 1961


Ravi patell
13 August 2017 at 09:23

Transport of passengers

transport of passengers Gst rate is 5 , ITC is not available... in this case both services provider and recipient both not getting ITC or service recivepent can get ITC?


Samyak

Respected Sir, Would B.A. (Economics) from IGNOU and C.A. together is a good combination? is IGNOU a right place to pursue B.A.(Economics)?


K Rajan
13 August 2017 at 07:35

Capital gains tax

My father had purchased a property on 26/02/2001 for a value of Rs.3,21,000/-. Myself along with my brother and sister (3 members) inherited the property as legal heirs after my father's demise. The said property was sold by the three legal heirs on 09/08/2017 for a value of Rs.11,40,000/-. In this regard, I request the tax experts to advise me about my Capital Gains Tax liability.


Balakrishnan CP
13 August 2017 at 07:06

HSN CODE for tread rubber

HSN CODE for tread rubber






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