Avinash Jeevan Dsouza
08 April 2020 at 14:52

Cancellation of GST registration

Hello everyone!!

One of my friend wants to cancel the GST registration(regular scheme). And he is having the stock of Rs. 2,00,000 and GST on stock is around 35,000. He has filled the GST return for the month of march 2020 and also he has filed the GST1 for the quarter Jan-20 to Mar-20. Reason for cancellation is he has not reached the threshold limit for last two financial year.

What will be procedure to cancel? 
How to make the payment ?

In future if he wants can he re register? 


Rahul123
08 April 2020 at 13:24

Tax

Mr. Bhudev Aggarwal, an unregistered person receives commission of Rs. 21,00,000/-
as an insurance agent from insurance company. Will he be required to charge GST on
the same.


Nandini Sarraf

A listed company wants to acquire 100 percent shares of a private company thus making it a wholly owned subsidiary. What is procedure involved in filling forms with Roc and is any AGM/EGM is required in acquirer as well as acquiree company.


Kollipara Sundaraiah
08 April 2020 at 11:08

I.t. query

I.t .assess construction for commerical building.construction expenses some expenses cash mode and some expenses bank account payee mode paid.
1.cash payment construction expenses above 10 thousand depreciation allowed or not.
2.ex: some construction expenses Rs.2,00,000/- cash mode paid
Some construction expenses Rs.5,00,000/- bank account payee mode.
My doubt construction expenses value Rs.5,00,000/- or 7,00,000/- show in balance sheet.


Naresh
07 April 2020 at 20:04

Regarding 80c query

Dear members,
I am a salaried person and want to know that only the investment made through my salary aacont is eligible for deduction?
Suppose if I have a other bank account in which I have some saving amount lying and I purchase nsc worth Rs.50000 by debiting this accout,will that be eligible for deduction?


SIDDHARTH KATARIYA

Hello,
I want to know meaning of certain words in law such as:
1. Any section beginning with "Subject to provisions..."
2. Not withstanding anything contained in this law ...
3. Without prejudice to any provision....


lakshmi
07 April 2020 at 17:58

Freight/ Transport charges

Dear Team,

We are a manufacturing company from Telangana.
Can you please advise under which head in tally should we enter Transport/ freight charges for export sales?
We export the manufactured product wherein a few cases the client pays us the transport charges and we pay it to the transporter, hence generate an invoice for transport or freight charges also to the client.
Should it be under direct income or Exports?
Should this value of transport be added to the value of exports for that year ( i.e., if we are considering value of exports for a financial year should value of transport invoice also be added to exports )?


Anil Bhawasinka

Whether figures in table 13 are to be same as in raw C of table 8.
Under GST ACT WHAT IS MEANT BY ' PREVIOUS FINANCIAL YEAR AND CURRENT FINANCIAL YEAR IF I AM PREPARING FOR GSTR9 FOR THE PERIOD 2018_19 IN THE month of April 2020 ie in 2020-21


Dinesh
07 April 2020 at 14:35

Dividend distribution tax interest

Dear sir,

I have tfd to shareholder to 19 lac to two shareholder according to income ddt tax rs.390551/- in corporate company dividend declare dtd as per resolution 12 March 2020 how much the interest amt till dated on 14 th April 2020 after lockdown finish according to 1 % interest will be waiver or not and how much amt of interest will be paid


Avinash Jeevan Dsouza
07 April 2020 at 14:15

Payment of salary in cash

Can we pay salary in cash for above 10K?






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