VALUE OF GOODS 100000+5% [ HSN CODE 60063100]
JOB CHARGES 10000+5% [ HSN CODE 998821 ]

IN EWAY BILL UNDER SUPPY HEAD
HSN CODE OF GOODS
HSN CODE OF JOB WORK

GOOD SEND FOR JOB WORK AT 12% [HSN CODE 5402] BUT AFTER JOB WORK CONVERTED TO 5% [ HSN CODE 60063100]

IS BELOW MENTION CORRECT ???

Each time , consignment moved , you need to generate e way bill The job-worker will issue e-way bill based on delivery Challan. He will issue e-way bill by selecting: E way Bill Column Fill Transaction Type Outword Sub Type Job Work Return Document Type Delivery Challan GST Rate Zero GST Amount Zero The invoice for job charges plus GST can be send either with challan or a consolidated invoice can be issued afterwards. There is no need to issue e-way bill along with invoice of job charges as job work is a service and no e-way bill is required in case of services.

I want to understand Taxation for company. Let say I started an IT service company (LLP) with initial investment (capital) of 1,00,000 Rupees. I got a service contract for 1,00,000. I paid 50,000 in Salaries and used another 50,000 to buy Laptop for the employees, so 0 money left in company account, then at the end of Financial year how am I suppose to pay tax 30% as no money left in account and Laptop is considered as Asset and not Expense and Capital should not be touched?

Hi
one of client paying gst for rent a cab service under forward charges at 12% gst with full itc.First question can rent a cab operator pay gst under forward charge or not? second which gst rate is applicable for 12% or 18 % for rent a cab operator? Third under which conditions rent a cab operator need to pay gst under 18 % tax bracket?

MR.A HAD A SERVICE TAX NUMBER NOW IN FY 22-23 HE NEED TO PAY AMOUNT AGAINST DEMAND WHAT ARE THE WAY FOR PAYMENT


WHETHER HE NEED MAKE PAYMENT IN GST PORTAL OR OLD SERVICE TAX PORTAL ?

Sir,
When I filled ITR-3 of ay-23-24 by excell utility, when calculate button press allert message show i.e DPM45:CAPITAL GAIN/LOSS UNDER SECTION CANNOT BLANCK what is meaning of it. when I have none done any property trade nor any depriciation. please help me.

Dear Sir,

We have Purchase some raw material for Finished Goods but due to shortage of some other material we cannot convert to finished goods. So can we sale raw material as its any complication by IT or GST department please advise

Dear Experts, I have a query related to TDS, we have raised tax invoice for services to the party for Rs. 1,00,000/- (GST), Party issued a Debit Note of Rs. 40,000/- + (GST) against the above Tax Invoice as well as we had also issued Credit Note for the same. Party paid a sum of Rs. 60,800/- to us after deducting TDS @ 10% on Rs. 1,00,000/-. Now party said that we have to deduct TDS on Credit Note i,e. on Rs. 40,000/-.
Should we liable to deduct TDS on the Credit Note issued by us or Debit Note issued by the party?
Thanks in advance

Dear Sir,

Please advise to me. if a person provide RO water to Community people where people bring Plastic Jar, bucket, empty bottle from home come to Ro Plant open the tap and filed the water as per their requirement and come back to home. so those supply attract GST 18% Or Exempted its not a packaged water.


6.2 Attention is drawn to the entry at S. No. 99 of notification No. 2/2017-Central Tax (Rate) dated 28.06.2017, by virtue of which water [other than aerated, mineral, purified, distilled, medicinal, ionic, battery, de-mineralized and water sold in sealed container] falling under HS code 2201 attracts NIL rate of GST.

6.3 Accordingly, supply of water, other than those excluded from S. No. 99 of notification No. 2/2017-Central Tax (Rate) dated 28.06.2017, would attract GST at “NIL” rate. Therefore, it is clarified that supply of drinking water for public purposes, if it is not supplied in a sealed container, is exempt from GST

Waters, including natural or artificial mineral waters and aerated waters, not containing added sugar or other sweetening matter or flavoured GST is 18%

Can anyone please share format of partnership dissolution deed?

Also, what should be the value of stamp paper on which the deed is to be printed.

Registered in Telangana State.

Thanks

Recently (from 25-03-2023) E-Filing site showing Restricted Refund for some people and for some Bank accounts. For State bank of India shows as Eligible For refund and for again it showing as Restricted Refund. I checked with bank and it is not Inoperative account. Regular Transaction is there. No KYC problem and account is also validated & EVC enabled. Can anybody guide me regarding this issue.

Read more at: https://www.caclubindia.com/experts/restricted-refund-for-bank-accounts-in-e-filing-site-2894199.asp