It is a organisation mostly funded by govt for public welfare activities. we have already issued the audit reports BS & R&P a/c but they are not published for public yet. Now we want to put a qualification on the audit report on some issue which has been clearly mentioned in ML.

What is the procedure, whether the audit report will be revised or re-issued , in case it is to be re-issued or revised, i have following doubts

- whether audit report date will be changed
- whether UDIN will be applicable since the at the time of issue UDIN was not mandatory
- whether the issue lead to qualification should be mentioned in the management letter apart from written in revised audit report.

Sir, I have a staff working in my Company in Kolkata , Please let me know the bonus which I have to pay? Is The Salary I paid him in the financial year 2018-19. Or as per the current salary of financial year 2019-20 which has now been increased.

My Client has Turnover of 40 Lakhs in last year, and he is doing Profession Business,

Do we Need To deduct TDS in Current Year as last Year We have audited the Financials??, OR We have To see the Limit of 50 Lakhs in as given in Section 44AB for Deduction of TDS?

Hello frnds,
I want to ask if there is a branch transfer of goods or capital items from one state to another state .whether GST applicable on this transfer .

1) If goods are transnferred. Not for further supply is gst applicable

2)If goods are transffered for further supply is gst applicable

And

3)if capital items are transffered to interstate is gst applicable

Would also like to know that the mode of transport used in above cases. Is gst applicable on this means of transport

As per Notification of GOI Depreciation rate for vehicles (Including Cars,Truck) is applicable only to Transport Business or it may be any Business entity.That Mean A company Purchased Car for its Director,Purchased Trucks for outward supply of Material.

XYZ is having a shop cum restaurant. In the restaurant area they are giving e.g. one plate pani puri free on purchase of one plate biryani. In my view, they will be required to pay GST only on biryani and for pani puri given free, they need to reverse proportionate ITC for common credit. Is my understanding correct sir?

Hello Experts,

Our company Import Material China and Japan. We have Appointed a Forwarding Agent whom we pay money and Clear our Imports and Send us the Material to our Factory. Now the question is are we requried to deduct TDS on the Sea Freight/ ocean Freight and Freight and Forwarding Charges paid.

We have received compensation received from government for use of land to underground pipeline of rs 600000(Approx). Whether taxable or not ? Under income tax ? If it is taxable then which head of income is to be considered and under which section ?

We have rented out a Godown for storage of goods on a permanently basis at jamshedpur. Principal place of Business Ludhiana and the rented Godown, jamshedpur are in different state.

1. Whether we have to take new registration or there is any way out at present other than taking new registration.

2. If we take new registration what will be the type of registration warehouse/depot, office/sale office, whole sale business, retail business or any other.

3. Whether we can supply under current purchase order received from Jamshedpur to Ludhiana or we have to take new purchase order for godown at Jamshedpur.

4. What will be the sale price from Ludhiana to Jamshedpur. Whether we can clear the material at P.O. price received from our original buyer i.e. Jamshedpur or reduced price considering freight cost, rent and manpower etc. to be borne by us for supply from Ludhiana to our Jamshedpur Godown or we can apply 110 % of cost price to determine the stock transfer value

5. Whether do i need charge GST for above stock transfer?

6. Whether have I to raise 'TAX INVOICE' or 'DELIVERY CHALLAN'?

7. In E-way Bill, under sub-type do i need to select 'SUPPLY' or 'FOR OWN USE'?

8. Please Clarify Procedure for Sale from the Rented Godown - Invoice and E-way Bill.

Here, I explain my question through a Example

A unregistered retail seller "O" sells a product, named "X" (MRP of the product is 112 inclusive of all tax) (GST rate of the product is 12%) to "G" (he also unregistered). What is the maximum price of the product that can be charged by the seller ?
Whether unregistered person can collect GST from costomers ?
Please explain reason..