Dear Experts!
We do provide outdoor catering service in two variants 1) inclusive meal and 2) only service!

Pls let me know the HSN code and GST rate of both the variant,

Thanks
Karan

Hi All

One of my overseas client is not ready to pay IGST on the services done in India (other than Freight). He says you get a refund from Government.

I am copying the message received from my customer's GST consultant (India).

1. GST has to be charged on local services up to the port of export.
Though Foreign customer need not pay the GST, GST has to be still charged in the invoice and adjusted against the GST Input credit available on input services / to be paid in cash.

2. This GST output can be claimed as GST refund on export of services with payment of tax on producing of FIRC copies (Foreign inward Remittance Certificate) provided the cash is received in convertible foreign currency within one year of the invoice date. The timeline for GST refund by the department is 60 days provided all the documents are correct.

EX:
Local Service Charges billed to the customer = 100
GST on local services @ 18% = 18
Export Ocean Freight on Export = 2000
GST on Export Ocean Freight = 0 (Exempt)
Total Invoice value Payable by the customer = 2100

GST refund on export of service with payment of tax = 18
Net loss for 20CUBE INDIA = 0

Please GST experts solve the above whether the consultant is correct.

How we can get the refund

Regds
Bala

Sir, I want to know about long term capital gain-
My father had purchased a property in 1986 and built a new house, which was completed in 1987. My father was expired in 2010 and my mother was expired in 2015. i had transferred the said property after death of my mother i.e. 2015. So how to calculate the value of capital gain, if i want to sell the said property in 2020.

One of my client has taken registration under GST,he is receiving two commissions,one from banks for loans and other services and another is insurance commission,so i wanted to know the gst applicability on both the incomes and how to charge and pay the gst and whether there is any reverse charge applicable or not.he is required to prepare the bill and send to the banks and parties or not.which record is to be maintained for gst return filing both GSTR 1 and GSTR 3B.

Thanks
SNEHAL

One of my friends has sold a site during FY 2018-19 resulting in a LTCG. Since he could not invest before due date, he has deposited the Net consideration in Capital Gains Deposit Account & has filed the Income tax return for the AY2019-20. Now he feels that he may not be able to invest and ready to pay the LTCG tax during FY 2019-20. The query is:
1. Whether he has pay any interest on the LTCG in addition to the tax if it is included in FY 2019-20 corresponding to AY2020-21?
2. To reduce the interest whether he can calculate the LTCG and pay the same before 31-3-2020?
3. How to withdraw the amount deposited in the Capital Gains Account in the bank? Whether bank will insist on any proof for withdrawing the amount?
Thanks & Regards

Sir/Madam
I, am NRI having Overseas Citizen Card (OCC) and holding shares in Demat account intend to gift these to my Daughter in law ,who is NRO, holding Indian Citizenship and passport. The market value of these share are more than Rs two lacs. Do I have to pay any gift tax ? ,
Regards,
Chhabilbhai Thakkar

Sir
I registered a partnership in Kerala.I am intending to start a branch in Karnataka.For gst purpose i want to make a supplimentary deed mentioning the branch details.Whether i can prepare the supplimentary deed in Rs 1000 stamp paper or Rs 5000 stamp paper.

Thanks in advance

Dear Sri, Can I Upload The GSTR 1 For Civil Contractors Govt Department Deducted 2% On Taxable Their I Got GST Number of Govt Department Now Can I Upload the GSTR 1 To B2B Or B2C And one More Thing Department Have Regular GST Registration For Your Reference GST Number of GST number 29AAALA0193L1Z2

Dear Expert,

Kindly guide for given below requirement :

Profession tax deduction from Incentive and Salary : We are already deducting a profession tax from the salary but we have not started to deduct from the Incentives. As per statutory norms we need to deduct the P.Tax from incentives also. In this case we have to combine the total amount of Salary and Incentive and then calculate the Profession tax over it. From salary, the tax gets deducted from system, while for Incentives we have to calculate the difference amount and deduct from the incentive and pay.This is to be implemented from April 2019 onwards, but since we have not done this compliance we will have to calculate the P.Tax for April and deduct it from May incentives of our employees. For May the new system will be followed.

Mallikarjun Shetty-Solapur (Maharashtra)
9423535956

MR.A FILED ASST-YEAR 2017-18 TAX AUDIT REPORT AS ON 27/12/2017. THE AO SENT TO NOTICE U/S 274 WITH SECTION 271 B OF IT ACT 1961
MR A ACCOUNTANT UNDER MEDICAL TREATMENT LEFT HIS SERVICE FROM JULY 2017WITHOUT FINALIZINATION ACCOUNTS. AFTER APPOINTED. ANOTHER ACCOUNTANT AND FINLIASIED IT RETURN FILED 27.12.2017.
HOW TO FACE THE IS NOTICE AND DRAFT LETTER MODELA WITH AFFIDAVIT AVOID OF PENALTY GROUND TYPE, WITH CASE LAW.
THANKS TO ALL