ACS heena
04 March 2020 at 12:23

TRANSFER OF SHARES

A shareholder of private company want to transfer shares at face value, what will be its implication and such transfer is possible?


Kaustubh Ram Karandikar
04 March 2020 at 12:01

Eligibility of ITC

In case of Services provided by Govt., the licence fee is paid to State Govt. in February’19 but GST under reverse charge paid July’19 with interest. Will this be treated in financial year 18 – 19 and ITC cannot be claimed on it or since the GST was paid in July’19, it will be treated as transaction in 19 – 20 and ITC can be claimed on it in this month?


Kaustubh Ram Karandikar
04 March 2020 at 11:46

Place of Supply

XYZ (Maharashtra) had given a Commercial property in Mumbai on rent to PQR for their office. PQR is registered with GST in Daman as a manufacturer. XYZ is issuing invoice to PQR in the name of office address in Mumbai and treating them as URD since PQR is not registered with GST in Maharashtra being having only office in Mumbai. For the rent charged, XYZ is charging CGST + SGST. Is it correct or they need to charge IGST?


prachee

Dear Expert,

We are into automobile sector , our vendor "X" has developed one tool and it is at his location , also the spares/ parts developed from it , will be supplied to us.

Vendor has raised GST invoice for the same where "ship to" and "bill to" is in our name.

Can we take GST benefit on the same ?

As per Rule 16 (2)(b) , possession of good is must for us.

Please clear my query.


Ashok Tare

Dear Sir,
I am from Maharashtra. Could you please guide me on the Stamp Duty to be paid on a Monetory Gift Deed I give to my daughter. Could you send Format of Monetory Gift Deed?Do I have to register the Deed with Govt.? Where to Register?


Rajinder Grover
03 March 2020 at 21:35

Gst on delivery charges

Can register gta receipt of Rs. 63-00 against delivery charges attract RCM


Teerth
03 March 2020 at 21:31

GST REGISTRATION REQUIRED OR NOT

Does the Partnership Firm having Roadways Business running totally based on commission is required to get GST Registration??
The Business running on Commission is covered under RCM.. Also the Firm doesn't own any vehicles in its own name.. They only provide the services on commission basis..


Sunil

As per companies act 2013 standalone financial statement and consolidated financial statement of company can be approved in one board of director meeting


Kamal

Can we Claim exemption u/s 80C for the Stamp Duty Paid for the purpose of Creating MOD, against the housing loan taken for the Construction of Residential House ?


TARIQUE RIZVI
03 March 2020 at 20:22

TDS ON SALARY

Ay 20-21 salary is being paid @ Rs 35,000 per month from April 2019 to March 2020: Total Salary will arrive as at Rs 4,20,000 + One month bonus Rs 35,000 then total will arrive as at Rs 4,55,000. Whether in such case shall be taxable income ? Whether TDS will be applicable on total Rs 4,55,000 ?





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