Respected Experts, one of my client is doing business through e-commerce. In April-20, their sales is Rs. 45,000/- but they received return around 1,21,000/-. How I show the above figures in GSTR-3B for the m/o April-20.

Please guide me.

Rakesh Sharma

Sir, I have 3 Lorries and hire them for goods transportation. Presently I am intending to purchase
3 Old lorries and seller is imposing GST about Rs. 7 Lacs on it.

Sir, I want to avail this ITC, whether I can avail or not, if there is any condition to avail this
ITC, please guide me.

I request to all the experts to guide me.

Rakesh Sharma

Dear sir, if there is a common shareholding in Holding & subsidiary company, and holding company given a loan to subsidiary company, can it is be treated as deemed dividend because i think we covered in i.e. loan to a concern in which such shareholder has substantial interest, in my case Mr A is a 50% shareholder in holding company as well as in subsidiary company, because in so many cases we see where Holding company given a loan to subsidiary company and has common shareholders for business purposes. but as per deeming fiction of section 2(22) (e) it is covered in deemed dividend.

please clarify.

whether there is any other interpretation or my interpretation wrong.

Sir

Will you please let me know the due date for GSTR-1 & GSTR-3-B for the month of June 2020.

SIR
A Steel manufacturing company leased its plant and machinery for a period of five years by the lease agreement to another company for the purpose of manufacturing in Namakkal.
To register the lease agreement in sub-registrar office, directors of both the companies should sign the document in sub-registrar office.

Unfortunately,one of the director who resides in Chennai, is not able to come to the sub- registrar office, Namakkal as covid-19.

At this time, Can that director appoint his manager who resides in namakkal to sign at the time of registration?

Thanks in adv

One of the director of our company has been promoted to managing director. so we have to amend the same changes in GST portal. so first we deleted director . and then added new one for managing director.but it is not allowing and telling that these details are already in the portal. so please guide me what should be done for same ???

For profession and consultancy income which ITR is applicable for filing tax return for the assessment year 2020-2021 ?

Hello All,
I have a question on TDS, appreciate your clarification. We have deducted TDS from Supplier's invoices focr previous year's ie. for FY 2018-19 TDS paid in FY 2019-20. Assuming that the Supplier has already filed his IT Returns for FY 2018-19 and paid the required Tax, can I submit a claim for refund of the TDS that was paid? Please explain the process to be followed.
Regards

Dear Sir,
If a property costs Rs. 1.00 Crore, but it has 5 five Partners having the share of Rs. 20.00 Lacs Each. And the property has no partition. In this case how one could deduct TDS on Property U/s 194IA @ 1% (0.75% - As Per Covid-19 Rule).

In this case TDS will deductible or Not??

Note : Property will purchase through single registry.

Reftelcon,please note that nature of my business is as below:-
1. I am in regular contact with Shipyards overseas for providing technical consultation
with regard to repairs of the ships in their shipyard.
2. I forward the repair specifications of ShipOwners or receive repair specifications
from the shipard for repairs of a vessel.
3. I study the repair specifications thoroughly and provide technical services to the shipyard on the basis of which shipard submits quotations to the Owners.
4. In case the shipyard is allotted the vessel for repairs for which I have provided technical
services, shipyard pays me for providing such technical services.
5. The payment is received by me as inward remittance through Banking channels.