Dear Sir ,
We are ABC Pvt. Ltd. We have two business vertical in the same premises both having different GSTN but
electricity bill comes together in the name of ABC Pvt. Ltd. One unit book whole electricity expense in its books of A/c and charge reimburement from other unit based on sub-meter reading at actual rate . Does not charge anything over and above the rate specified in electricity bill.
Therefore in our opinion since there is no consideration , it just an accounting adjustment , liability of GST does not arise .
Pls clarify

SIr One on my supplier havent uploaded my data on GST portal.

On repeated request, he is just postponing it to saying in Annual return only it can be rectified.
But i just came to know Amendments were allowed till MArch of this year in 2017-2018 Bill.

The party is having a big annual turnover of around 10 Cr a year hencce was well aware about it.

ALso he has issued me 2 bills with different number and date stating first bill was wrongly given to me and bear another party details in his books.

I have both hard copies with me and also transfer of payment proof.

What are the options with me.

Is , Income from interest on deposit to suppliers or Bank to be shown as exempt supply under GSTR-9.This disclosure in necessary in case where deposits given prior GST, and only Interest income is receiving during year.

Dear Experts,
I Have cancelled my GST registration 1 year back since there is no operation in the company after paying all my dues. Now i got a SMS stating,
YOUR GSTIN IS ACTIVATED BASED ON REQUEST RECEIVED FROM JURISDICTION AUTHORITY.

Request to clarity if this is normal.

Thanks in Advance

Applicablity of gst on commission received for supply of petrol products?? Whether GST is applicable, if yes/no can you please provide the source??

Sir, One of my client is contractor .
He had not issued any GST Invoices for the FY 2018-19 .
He has Nil Turnover. He has only Income from FD interest and Agriculture Income.

Sir, Last FY 2017-2018, he had file ITR3 Normal ITR .
Sir , I want to know which ITR Form ,he. can file for FY 2018-2019. Sir , his GST Sales is Nil

Secondly, Whether he can opt Sec44AD.

dear experts

please clarify my query is

my client doing restaurant business he is giving commission to zomato, siwgi (B2B) is gst is applicable or not on commission ??

my restaurant under 5% slab

if commission applicable how much i pay 5% or 18%

please clarify

Dear All,

As an IT company, I need to send my team members outside India to work on the projects.

Suppose I get billing done for a month for USD 15000.
The client as per law of land client will deduct USD 5000 as withholding tax.
Employee salary and other expenses are USD 6000.
Net earning USD 4000 before tax.

Do I need to pay income tax on USD 4000 in India ?
Will I be able to net off USD 5000 paid as withholding tax in the client country if I get a certificate from client that withholding tax was actually deducted.

Thanks and Regards,
Deepak

I lost my job 2 years back. I did not withdraw my EPF (Employee Provident Fund) corpus then, thinking it’s my savings for retirement.
Meanwhile, EPF office has credited interest for FY17-18 in December 2018 with transaction date as 31-March-2018.
Since it was way after filing my last year’s ITR, I could not mention it while filing last year’s ITR.
I am well aware that I need to consider interest earned on EPF account during non-contributing period is taxable.

My questions are;
(1) Should I show the EPF interest earned for FY17-18 in this year’s ITR (as the amount was actually credited in December 2018)?

(2) If not, how should I handle this?

(3) As per my observation, typically EPFO credit interest for last financial year in the second quarter (Oct-Dec) of current financial year. So I cannot show it in the current year’s ITR (as due date is 31-July). Can I show it next year’s ITR?

(4) Is Interest earned on both Employee contribution and Employer contribution is taxable OR do I have to consider interest earned only on Employee contribution.

Anticipating your expert guidance. Thank you.

If we preparing first time Bal sheet can we show previous back 2-3years assets and accumulated depreciation and same can claim in itr