Dear Experts,
i have heard that the dealers who does not have inter state transaction can avail the composition scheme to the extent of 75 lacs. however in composition scheme only 1% GST will be paid of turnover. pls enlighten me is it correct. if so when the composition dealer will pay the 1% GST.

Thanks In Advance
Raj Kumar

Can I file my ITR for AY 17-18 after month of July ? And is there any penalty for filling after month of July ?

Plz help , m i corect? I am importing goods for resale paying custom duty (cvd+sad) I have 50lakh stock unsold as of today. Out of which 30lakh is imported in last 6months 10lakh old stock of more den 12months 10lkah worth stock i purchaed from other loca importers in last 3months So On 30lakh import goods (100% itc ) all duty docs avlbl On 10lakh local purchs (40-60% itc) On 10lakh old stock (no itc) Am i correct?

Hello,

I relocated to the US from India in Dec 2016 and my employer paid relocation allowance for the same. To offset the tax impact in US, they grossed up the relocation amount. As a part of relocation assistance, they also assigned a tax consultant.

The tax consultant failed to explicitly inform about the fact that relocation money would be counted as salary and would be taxable in India. So now it has come to me as a surprise that I'm supposed to pay a hefty tax on the grossed up relocation amount, which could've been very easily avoided either by postponing the move by 15 days OR postponing the deposit of relocation funds by same duration.

On top of that, they failed to anticipate that the situation would warrant paying advance tax and now I'm supposed to pay 10% penalty + interest under section 234a/b/c.

I'm wondering what are my options here. Any way to mitigate this tax impact? Should I seek compensation from the tax consultant?

Respected sir
submit ITR return and tax paid for ay 16-17 but assesse not co-operate to sign ITR V and final reminder from ID dept after that return is invalid. so now what about tax is already paid of Rs 5500. ? please advice its important thanks.............

Dear Sir,

Kindly answer the the following query.
On 01/04/2014 Received an amount of Rs.200,000 as Rent Deposit from a tenant. After 3 years, the tenant wants to vacate, and we have refunded Rs.175,000 to him after deducting Rs25,000 for Cleaning, Maintenance, Whitewash etc..
Now the entries will be,
for receipt : Bank A/c Dr
Rental deposit a/c Cr (under Loans & Advances)

Please tell me what entry have to pass for Payment(Advance refund).

Thanking You.

Regards,

Sasidhar

Whether deduction of Entertainment Allowance is allowable to an employee of a public sector Undertaking??

Dear Experts.
if we purchase from unregistered dealer then the buyer have to pay GST under RCM. plz let me know in this scenario whether the buyer also have to issue invoice to supplier. if yes which invoice

Regds
Amit

Dear Experts.
we do provide services under work contract having turnover 54 Lacs. pls clarify are we eligible to opt composition scheme. However our services area is within the state.

Thanks
Arun Chahar

sir,
We have been registered under VAT. We have not received provisional ID and password for enrolment for GST.
as enquired with department they are saying it comes directly.

Kindly suggest if there is any option to get provisional ID and password.