We have many branches in all over India with gst registration. Our HO is in Maharashtra.
We are paying salary from HO to all over India's employees.
Can we are liable to adopt cross charges.
If yes under what valuation? or actual salary amount.
What percentage of tax.
Whether Sgst + cgst or Igst

hello

Partnership firm whose turnover up to 100 crore is required to prepare vertical balance sheet from F.Y 2024-25 onwards???

Hello all,

We are tour operators. We have booked few rooms outside India for our clients (who are from India, they will go outside India next month).
we are connected with a third party who will take care of our clients overseas.
can we do cost to cost billing and charge GST 18% on mark up or we should take whole tour amount and charge 5% GST.
which will be better
thanks in advance

Dear sir,
i have update my name in income tax pan card but gst portal is not accepting the same change
please advice me how to update name as pan card

My query :-

If I have sold a residential property in a certain FY & have deposited the capital gain amount in the capital gain account scheme within the stipulated time period, for example :- deposition was made on 30th May, 2023 & my deposit shall be maturing on 29th May, 2025 i.e. after two years as prescribed by Income Tax Act, 1961.

Then whether I'll get a period of 60 days from the date of maturity or withdrawal (whichever is earlier) in order to purchase the new residential house property by transferring the above deposited amount to the seller of the new residential property at the time of registration of the property.

Kindly assist me by replying to my query asap.

Foreign company owns an IP for a event . An Indian company is taking the IP for 1 year at an agreed sum to conduct concert and events at various places in India using the foreign brand IP.
Also the IP fees is partly fixed and partly share of revenue generated from these events.
The foreign company does not have any place of business in India. Is GST applicable on the same ?
and does the Indian company has to charge GST under RCM and use it as credit later on ?
And at what rate GST to be charged if applicable ?

Dear Sirs : Many transporters (including private limited companies) do not charge any GST in their invoices wheras some charge 12 %.

As per Notification No. 11/2017-Central Tax (Rate) dated 28th June, 2017, “goods transport agency” or GTA means any person who provides service in relation to transport of goods by road and issues consignment note, by whatever name called. This means, while others might also hire out vehicles for goods transportation, only those issuing a consignment note are considered as a GTA. Thus, a consignment note is an essential condition to be considered as a GTA.

My confusion is that while some transporters are issuing Goods Receipt Note (GRN) or Goods Delivery Note than how come they are not registerd under GSt for 12 % category.

What declaration can be taken from such transporters ?

Kind Regards

Dear Experts,

Is GST ITC available on Assets Insurance exps ?

Sir gstr 4 not filed by a individual from 2022-23; 2023-24 now 2024-25 and turnover respectively years are 18.23 lac; 18.32 lac AND current 17.66 lac
my query is should filed all pending gstr 4 ? if yes what will be penality?
OR just file gstr 4 for 2024-25 only?
please advise
Regards
Vikas

Sir,

In books of Account we have Fixed Assets balance Rs.144000/- ( Air Conditioner 34500/- Car 85600/- and Machinery Rs.23900/-) We have Sale Car Rs.94400/- and pass the entry in books of Acccount . Cr. Car Rs.85600/-Cr. Profit from Fixed Assets Rs.8800/- Dr. bank Account. Rs 94400/-

Please suggest about In ITR-3 Deprecation Seclude i have to Reduce Value of Rs.85600/- Correct or Wrong. If i reduce Rs.94400/- it will also reduce Ac and Machinery Cost.
so please suggest 85600/- OR 94400/-