XYZ (Client from Delhi) had entered in to a Contract with PQR (a chartered accountant from Mumbai) to carry out audit of their records. As per the contract, the amount payable by XYZ to PQR towards professional fees will be Rs.100000/- + the amount to be paid towards hotel stay, air fare etc. which will be directly paid by XYZ to hotel and the airlines. PQR is required to pay GST on Rs.100000/- only or Rs.100000/- + amount paid by XYZ towards hotel stay, air fare etc. directly to the hotel and the airlines?

Whether a person making wholly exempt supplies liable for GST registration?

Thanks

The security service provider is still charging GST on his bill.
So should we still be required to deposit the GST on RCM basis or not ?

Hello,
We are Custom House Agent (CHA). We are charging ocean freight in case of both import and export. Right now we are charging gst @ 5% on such freight.

My query is
1. Whether ocean freight in still exempted earlier it was exempted till Sep 2018
2. What is the correct rate to charge in invoice. When i am checking CBIC portal, the rate mentioned is 12%
3. Is ITC available on such freight

Which section of gst act tells about Ocean freight.

Hemlata

Hai Dear Experts Good Evening.
One Of My Client Filed His Returns By Self Wrongly Mentioned His Business N Got Notice U/S 139(9).
Can We Revise It Or Need To File As Newly.
Kindly Guide Me Further..

Hi Folks,
Good afternoon!
INVOICE DATED 15.4.18
EQUIPMENTS DELIVERED 31.5.18
INVOICE RECEIVED 15.9.18
So my question is depreciation should be charged from 31.5.18?AM I Right..... or If m wrong please Correct me where m getting wrong...

Thanks and Regards
Nikhil
Learner

in income tax- deduction limit for home loan interest?

Dear Experts

We are wood working company we spend some expenses for caning,upholstery,Cutting charges but we cant get proper bill for that things. can we take this bills like without gst & estimate bills into our accounts.Kindly give ur suggestions.

KINDLY TELL THE ATTACHMENTS REQUIRED FOR INC 22 ?

Respected Sir / Madam, an assessee has received a notice u/s-139(9) stating as follow:

Error Code
311

Error Description
Taxpayer having income under the head “Profits and gains of Business or Profession” but has not filled Balance Sheet and Profit and Loss Account as required in explanation (f) under section 139(9) read with section 44AA.

Probable Resolution
The Part B of the Profit and loss account and Part B of the Balance Sheet (i.e No Account Case Section) should be entered in the corrected return without which the return filed earlier is liable to be treated as invalid.

At the time of filing ITR for A.Y. 2018-19, ITR 3 has been filed instead of ITR 4 (presumptive taxation), as the assessee was facing some technical issues while uploading .xml file & loss to be c/f upto Rs.1 lakh u/h - House Property & there was no option available to c/f such loss in ITR 4. He earned 12 lakhs from consultancy income but no account maintained & has refund of Rs.1.20 lakhs.

Can he now in response to this notice, in his submission online "DISAGREE" with this & state in the reason the fact stated above & file ITR 4 as then there will be no requirement to file B/S & P &L?

Will changing ITR number be considered as Revised & will make the original ITR 3 filed as invalid & Penalty u/s-234F of Rs.10,000 will also have to be paid?

Any other alternative to get the refund back, avoid penalty u/s-234F & also c/f house property loss like filing hypothetical figures in P & L & B/S, or anything other way?

Please Advice.