Dear Experts,
We are small traders having annual turnover approximate 10 Lacs hence not registered in GST, however some of our vendors are asking to issue invoice,

So can we issue invoice as unregistered dealer,

Pls clarify....

Thanks & Regards
Nikhil

SIR
Direct expenses should be accounted under the group of Revenue Accounts? If it is yes, why it should be accounted like that?
pls give me explanation.

thanks in advance

Dear All,

We are doing export of service and filed application for gst refund (2017-18) in June 2019. GST officer has issued Deficiency Memo and we have cleared all the queries. In March 2020, the state tax officer informed that our refund application is processed by him and this is forwarded to CGST team for refund process. We are doing daily follow up but there is no update from the department till now.

Kindly suggest what actions need to be taken on this.

Dear Sir,

Can you help us with how much TDS to be deducted on warehouse rent? We are a logistics company that has leased a warehouse in Bhiwandi. We need to know the TDS rate to be deducted on the rent to the owner?

https://godamwale.com/

Hi All,

Can you please help with below question.

We are manufacturer of Farsan (Namkeen) Our Product is non branding, We sale it on plane plastic carry bag as per customer requirement & in std weight. I just want to confirm GST Rate on this item,
Also confirm can we opt for composition scheme. or In Normal Scheme can we claim ITC.

Thank You.

IF JOB WORK DONE FOR OTHERS, THE RAW MATERIAL SUPPLIED BY THE PRINCIPAL, FURTHER OTHER CONSUMABLES AND CHEMICALS ADDED BY THE JOB WORKER FOR FINAL FINISHED PRODUCT. THE CONSUMABLES AND CHEMICALS RATE OF TAX IS 18% AND 28%. BUT THE JOB WORKER CHARGED GST 5% UNDER HSN 9988. IN THESE CIRCUMSTANCES, THE ITC HAS BEEN ACCUMULATED. PLEASE CLARIFY THE JOB WORKER ELIGIBLE FOR CLAIM REFUND ON INADVERTENT TAX STRUCTURE OR ANY OTHER HEAD IN THE GST REFUND.
S. RAVICHANDRAN

SIR
A Pvt Ltd Co. namely X providing its own trucks to the business of transport services and issues sale invoices to the party for services rendered.

On the other part, X takes trucks from Y , who also provider of transport service, for hiring and use them to its own business?

Similarly, Y takes trucks from X for hiring?

Finally X has issued sale invoices to Y and Y also has issued its sale invoices to X for hiring of trucks.

Here, Directors for both X and Y are the same.

Is this process correct?
Sale invoice to be acceptable ?
Applicability of TDS if any?
Any contractual agreement needed?

Thanks in advance

Dear Sir/Mam,
Is it Mandatory to file ITR for current FY, if I don't have taxable income ? I am asking this question because I had file ITR for last FY, so will there any query by department for not filling ITR for this FY ?
Hope you got my question.

Kindly suggest if GST is chargeable on security service provided by a Pvt. Ltd. Company to an engineering college run by a Charitable Trust ?
Would the answer differ where Trust is registered under Section 12AA of Income Tax Act ?

Reference of relevant notification/rules/case laws would be appreciated

Thanks

An institution has one & only normal bank account. On 31st MARCH the bank allowed an overdrawn amount to overcome some essentials. So now bank balance is negative position.
What will be the treatment in R/P, I/E and BALANCE SHEET. Please clarify.