Dear Experts, I have 2 doubts;

1. One of My client is Ice cream Dealer. He is purchasing freezer from company to his customer. So Can he avail Itc on Freezer which is given to his customer ? Invoice is raised to my client it self. So will it a problem if avail itc ? But he is not using freezer in his shop. If it is used for his shop then can he avail itc ?

2. The same client is planning to buy a sipup machine from other company for production of sipup. So can he avail itc for the same ? And if yes should i update in gst site ? Because now client is registered as selling icecream as a wholesaler. Here production of sipup is there, Kindly Give me your Suggestion for this

HI ALL, I want to know general that if any company's total turnover for the year is between 4 to 5 crore, what is the due date to file GST Annual return and what compliance's will be there. And also want to know the normal Audit fees charged by the GST Practitioner/Chartered Accountant.

Read more at: https://www.caclubindia.com/experts/gst-audit-due-date-and-fees-apply-2708534.asp

Hlw,

"One of my client has paid approx 25 lakhs medical expenses on behalf of his employee and booked the same as Medical Expenses. Actually while the employee were on foreign business tour, he got heart-attack and got admit in hospital their. All expenses incurred their has directly paid by Employer." So, please clarify whether the medical expenses of Rs. 25 lakhs is allowable under Income Tax Act.

dear all
what is the procedure for conversion of private ltd to limited liability partnership (LLP).
thanks .

A person purchased agricultural land in June 2017 for 10 lakhs and sold immediately to a company for 80 lakhs in October 2017. He calculated capital gains and the same exempted as capital gains on agricultural land was exempt. was it really exempt ??. My query is there is no agricultural activity produced that person how can he claim exemption.

There is a Case in which there is a service provider (holding GST No.) whose services are subject to reverse charge say S1. The business also provide services which are not subject to reverse charge-say S2.
Query- Whether the service provider will get input tax credit on goods and services -which are received in providing the outward supply S1 and S2 both? or will it get input tax credit w.r.t only those services which are not subject to reverse charge i.e S2

Please guide me about the Rate of Depreciation on Dialysis Machine for Hospital use.

My Grandfather wants to gift to My mother after sale of old property and give money for purchase a house. I want to know if money so received from father in law to daughter in law for purchase of house in tax exempted

One of my client is having PAN which is having forth letter is "F", which should be "C" for corporates. earlier he was having partnership firm which was converted into private limited company before more than 15 years. And he has been filling ITRs, GST returns by this PAN only including last returns.

Is it valid to have same PAN after converting partnership firm into pvt ltd. for ITRs and GST returns.

Company A is listed Company
Company B is non listed co.
Company A is a subsidiary company of B
whether INDAS is applicable to Company B