Kollipara Sundaraiah

Sir,
A RTP maintained a pharmacy Stores turnover rs:1.50 crores yearly regular scheme in gst act.
Question:
Dealer purchase of medicines credit based payments msme provision sec 43(b) applicable.


Kadiwal and Associate
01 February 2024 at 16:59

GST Refund as Inverted Duty Structure

One of my client engaged in aluminum utensil manufacturing.

His raw material purchase is in 18% and sales goes in 12%.

Refund applicable as Inverted duty structure.

For how much old period we can apply for refund under inverted duty structure. If we applying quarterly then now for which period we can make an application for refund?


Hafiz

Mr. A is an agent between fisherman and the companies/entities. Company/entity will pay entire amount(incl. Mr. A's commission) to Mr.A's Bank account and from that Mr.A will transfer/pay the amount to the fisherman. Mr.A will declare his turnover/income to the extent of commission received.
After introducing Sec 194Q, now the companies started deducting TDS on payments to Mr.A. Whether Mr.A should show the entire amount received from company/entity as turnover?
If Mr.A is showing the entire amount as turnover then he will cross the GST limit of Rs. 20 lakhs. If so, at what percentage GST will applicable to him?


Elma R. Hoye

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ARHEDS NGO
01 February 2024 at 11:23

FCRA Registration from other state

Respected Sir / Madam

I am working in an Organization registered in Ahmedabad, Gujarat and they are working in Andhra Pradesh. Now we want to apply for FCRA Registration from Andhra Pradesh. Is it possible to apply from other State. Requesting you please suggest an idea for that.


praveen
01 February 2024 at 10:57

TDS on purchase of immovable property_NRI

Dear Team,

What is the TDS rate on purchase of immovable property by an Indian resident from NRI ?

Note: NRI has not linked his Pan with Aadhar.


pokhare media
01 February 2024 at 08:13

TDS for an Under Construction Property

Hi Team,
I have purchased a house and paying the builder in installments. I did the last installment on 30th Apr 2023. But I havent made the TDS payment of 1% on this payment. How much fine I'll have to pay to file the TDS now?

Is the Late filing fees under section 234E applicable to me in this case?


Mrs.Girija Kumar
01 February 2024 at 06:33

Gst rate for Areca sheath plates.

The July 2023 GST council newsletter(52nd issue) states -
"13. It has been decided to regularise the issues relating to GST on
plates and cups made of areca leaves prior to 01.10.2019."
What was the rate prior to -1-10-2019.
Can any one help me?
HSn codes being used by manufacturers and Exporters are 46021919 and 46021990.

As per GST tariff it says 5%.

Can any one clarify?


Arbhu Enterprises
01 February 2024 at 06:25

GST RATE for Areca Sheath plates-

Sir,
ARECA SHEATH LEAF PLATES - Can someone give me the GST rate for this?
In the July 2023 GST council meeting, it has been stated as follows "13. It has been decided to regularise the issues relating to GST on plates and cups made of areca leaves prior to 01.10.2019." - GST NEWSLETTER Issue 52 July - 23.


developer 1
31 January 2024 at 23:32

80C exemption planning with 2 daughters

Hello, I have 2 daughters, my HUF and spouse accounts for PPF, Sukanya samriddhi. so how can I do best tax planning to take full exemption under 80C.
1) father - 1 PPF
2) mother - 1 PPF
3) daughter1 - 1 PPF and 1 SSA
4) daugher2 - 1 PPF and 1 SSA
5) HUF account

in order to take full 80C exemption under 3 accounts- father, mother and HUF for full 1.5Lakhs. whats the best way to plan this.





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