Hello Sir,

We start new business and take VAT registration in May 2017 but due to funds shortage we not to do any sale purchase long time and file NIL return regularly.
But our accountant no file our NIL return from Aug 2017 to till and we not do any sale purchase during this period, I want to know that any tax liability is outstanding our side or not if yes how much ?.

Our accountant advice that to surrender this GST no. and apply same name again after 1 month but he told me tax liability stand due and its notify me after few month.

Please advice us can i continue this GST (with penalty) or surrender it an apply for new. what is best for me.

Dear Sir,

We are Mumbai Based having gst registration in Maharashtra

can we supply the material to the Consignee who is in Telegana state

and raised the bill to the buyer who is in Tamilnadu State.

Thanks in Advance

Dear Sir,
Under GST what is Time limit to get the Goods return, inorder to be eligible to claim input credit on returned goods.

Dear Sir,
An assesse who has two tractor trolly, want start his own transport. For this he has to registered on gst portal as normal tax payer or there is another section for transporters?
What is the tax liability of transporters ?
Waiting for your precious advise.

Sir,

I have bit confusion in partnership firm,earlier there is deduction from Net profit i.e remuneration of partner, share of profit and Interest on capital and remaining profit Tax has to be paid.

But now i have heard i cannot deduct remuneration of partner and interest on capital from net profit is it right. Then how to take out share of profit.

Please explain this new rule.

Dear All

I have a query relating to TDS on Provision of exp ( audit Fee)

We have to provide audit fee for the F.Y.17-18 but amount is not known ( may be below Rs.30000/- or may be more than Rs.30000/-)

As we know that last date of TDS payment for march,18 is 30.04.18

If we don't make the TDS payment on the basis that amount will be less than 30000/- but actually bill received more than 30000/-after 30.04.18

what will be the consequences ???

WHEN THE MAT APPLICABLE AND TAX CALCULATE AS PER BOOK PROFIT @18.50%.
BUT THE SHORT TERM CAPITAL LOSS (SHARES & MF UNIT) 45 LACS AND
LONG TERM CAPITAL GAIN (LAND SALES & MF UNITS) 4 CRORES.

MY QUERY IS SHORT TERM CAPITAL LOSS SET OFF WITH LONG TERM CAPITAL GAIN.
BUT SHORT TERM CAPITAL LOSS 45 LACS CAN BE CARRIED FORWARD FOR FUTURE YEARS.

PLEASE ADVISE THE SAME.

THANKS & REGARDS

NK

One of my client is going to pay some amount to foreign company for fees and technical services.The foreign resident did not provide his tax residency certificate.So DTAA not applicable.The Foreign Company not having Pan Number.At what percentage my client have to deduct tds before payment.

Can i receive cash 150000rs. in a single day against sale??

RESPECTED SIR
RETURN FILLED WITHOUT PAYMENT OF TAX BY MISTAKEN. HOW TO RESOLVE
THIS ISSUE? PLEASE ADVICE SIR THANKS........