If service provider has two branch offices from which he provides services and both are located in different states, currently under service tax, turnover is taxable if the combined turnover is over Rs.10 lakhs.

Now if the assessee has combined turnover less than 20 lakh from both states, does he still have to register for GST

Currently those doing commission business on sale of goods below Rs.10.00 lakhs per annum are exempt from Service Tax and not taxed under State VAT or CST laws. With GST is the exemption decided of Rs.20.00 lakhs applicable on this business? If turnover is less than Rs.10 lakhs in the state where assessee is located ut a fraction of the turnover (approx 2 lakhs) is commission received from a company located outside the state, does registration and payment of GST still have to be done due to Interstate supply of commission service as intermediary for sale of goods?

There does not seem to be clarity on Place of Provision Rules. If a person say in Gujarat bills for commission to client in Punjab as intermediary for selling clients goods in Gujarat, does he have to collect IGST or SGST.

Dear Experts,
Kindly send the Procedure to claim TDS deducted U/S.195 of the IT act, the TDS return by filing the Form 27Q by the deductor, as per DTAA having PAN no. in India by such companies.

While section 80D entitles deduction for both 'Medical Insurance Premium' as well as 'Preventive health checkup', I want to know what is the meaning of 'Preventive health checkup' ?

Is the routine Blood or Urine test done from a laboratory eligible for deduction u/s 80D under Preventive health checkup ?

If yes, is there a certificate from the laboratory required for availabing the deduction or merely the lab reports should be sufficient for availing deduction ?

Dear Experts,

Those who are damn sure about this question with exact 100% sure answer then reply. If you are not sure about

answer then do not reply/discuss. Actually this one of questions which comes in Recruitment of Manager (Account & Finance).
This question has become controversial and this question has gone to High court.


Qus) Which term defines internal audit with clarity ?

(1) Internal Audit is an evaluation and analysis of the financial statements conducted by the internal audit staff.

(2) Internal Audit is an evaluation and analysis of operation of business conducted by external audit staff only.

(3) Internal Audit is an evaluation and analysis of the business operation conducted by the internal audit staff.

(4) Internal audit is an evaluation and analysis of the financial ststements only conducted by the external agency.

One of our Private Company have two directors who are the only shareholders holding 50% shares each. One of the director is not cooperating, neither he is taking any interest in the day to day activities of the company and also is not willing to resign from the company.

Our query is how can we remove this director as per section 169-

1. As we have only one director cum shareholder left with us and the quorum for the general meeting cannot be formed.
2. Transfer of shares is also not possible in this case as section 2(68) restrict transfer of shares incase of Private company

hi
Wanted to understand the Service tax implication on Royalty paid to both Indian and foreign authors for books published in India and Sold either in India or abroad both in physical or ebooks format.
Whether the tax implication changes in a GST environment. If yes, what are the changes? Would there be an invoicing requirement from authors and whether authors need to apply either for a Service tax registration or GST registration

i am very much tensed that in bcom degree every semester i have atkt will i get job after chartered accountant because i am at IPCC level now.

Dear Sir,
We need to file a rectified IT return of one of our client. The assessee is an automobile dealer and he likes to opt 44AD for his business income, Books need not be maintained if 44AD is opted. Similarly at the same time the assesse have income under Rule 7A—Growing and manufacturing of Rubber in India, as per Rule 7A Agricultural income = 65% Non-agricultural income or Deemed Business income = 35%

We filled the ITR 4 by showing 44AD and Rule 7A.
44AD is shown under presumptive income. and Rule 7A income shown separately under business or profession category. While validating the ITR the following error is shown

Error Message
In Computation window, you have entered 'Net Profit Before Tax as per P & L a/c' under Business / Profession head and ticked for 'Books not maintained cases' in ITR data entry window. Therefore, enter Gross receipts / Gross profit / Expenses / Net profit under Books not maintained cases in ITR data entry window.

Please advice how the error can be rectified.
Our main doubt is that whether 44AD and Rule 7A can be shown together in ITR4..If so how can it be shown in ITR4. Please advice. The above issue is related to AY 2016-2017

Am an accountant in a School.we ordered for tables as per our requirements.Materials not supplied to that supplier.Is TDS on contract need to be deducted on the payment (120000)to supplier.please help in doing the same