Dear Sir
I am going to start Hotel work . and we purchase TV , Geyser, AC, Furniture, electrical Fitting , Sanitary Fitting , Phone, Linen, Bed Sheet, Cloth, Towel,Lift, Flooring , Fridge, Kitchen Equipment Etc

Now , Can I Take GST Input on that Purchase.

Please suggest

Thanks

As far s the financial year, 2017-18, is concerned, the amount of TDS, deducted, from the rent payment, is Rs. 160000.00.
But, on the Income Tax website, the TDS, credited is Rs. 133395.00.
Also it is possible that if we donot pay the TDS and pay directly to the Flat owner.
So I request you to please look in the matter and reply.
Thanks & Regards

Capital assets (machinery) transferred to partner by firm at the time of dissolution where one partner is taken over all the assets of firm.
Is there any tax liability arises on firm ?

Dear Experts

If trader are purchased locally within Maharashtra and direct supply to customer located out of Maharashtra without taking delivery his warehouse . Is it Allowed

Eg. Trader's Whorehouse at taloja and purchase material from factory located at Nashik after taking delivery the said goods directly supply tho his customer located at MP.

Can trader take delivery at Nashik ex factory and directly supply to customer located @ MP without taking devilry in his whorehouse.

Regards
Guru

We had issued a Tax Invoice in the month of January 2018 to the client and accordingly recorded in FY 2017-18 Books of Accounts as well as GST return. However, the client was not able to receive the said Tax Invoice and have not considered the same in his books of accounts on which he is now asking for a new Tax Invoice of the month December 2018. How to solve the issue?

Sir
my company received refund cheque but not claimed , the above mentioned bank name already closed
when how to claim that fund for new account no
please give me information how to claim (refund re issue for new bank a/c)

Hi
I need some clarity on some issues relating to purchase return and sales return in GST, I am working in FMCG company we had appointed a third party manufacturer, from him we purchase the goods according to the standards set by us and we will sell these goods to the stockists in the market, recently due to quality issue stockists had returned the stock to us and we had returned the stocks to Third party manufacturer, now my doubt is what is the procedure to follow in this situation under GST, we have to compulsorily return the goods through credit note and debit notes or we can do by issuing a normal invoices, all the stocks are supplied with in 6 months only, kindly explain the procedure from returning of stocks from stockist to us and from us to the third party manufacturer.

Thanks in Advance

A V Santosh Kumar

One of my uncle was working in abroad for 20 years and he lot of money, He came to India and build a house in the year 2007 approximate worth 40 Lakhs. In the year 2016 he had his saving and he constructed flat and sold for 30 lakh each for 2 parties. Will these income will be taxable under IT? He constructed flat with the money from abroad which he had deposited in FD.
1. He has never filled his IT returns.
2. Some of the cheque has been deposited to account of his wife and now wife is a agent of insurance company and she is getting commission and TDS has been deducted.

We are engaged in Works Contract Service. We want to sale one of our used machinery (JCB) (capital goods) which was purchased in 2009 on which we have not taken any input credit at the time of purchase. Please suggest GST treatment on such sale. Should I pay GST on sale value

Remuneration from partnership firm is taxable under the head "Income from Business or Profession". However section 44(AA) states a specific list of professionals or others earning more than Rs. 1,50,000/- or having a turnover more than Rs. 25,00,000/- should maintain books of accounts.

The said partner files his income tax return through ITR-3 showing the remuneration as income from business or profession. On the other hand he does not input any amount in P&L or Balance Sheet of the ITR stating he is not eligible to maintain any books of accounts as the amount the remuneration he earned through his firm is a fixed monthly income (after matching the criteria of section 40b) and not any personal profit based on the turnover of his firm.

Although, the partner gets a defective return notice stating that he has selected ITR-3 but has filed the same without updating any amount in his P&L and Balance Sheet.

Questions :-

1) Is the IT department correct in their stance ?

2) Can the remuneration be taxed under the head of "Income from Other Sources" from ITR-2 instead of "Profits & Gains from Business or
Profession (PGBP)" through ITR-3 to avoid the nil upload of P&L and Balance sheet ?

3) Is the partner eligible to take a deduction from his remuneration of expenses incurred during the year for the business since he is filing a
return under PGBP. If yes, can he still file the same without entering any amount in his P&L and Balance Sheet ?

4) Can he directly opt section 44 AD/ADA under presumptive scheme to stay away from the issues of Section 44AA ?