Dear Experts,
We are Delhi based supplier last month we have sold the goods to a Bihar based buyer. Now that Bihar based buyer is supposed to return the goods however our another buyer in the Bihar is want to buy that said goods. Hence we want to deliver the goods from one to another. Pls tell me in this scenario as per GST norms what will be the procedure for the same.

Thanks
ASAP

Dear All,
We are preparing a Balance Sheet of a Government Department from 2011-12 to 2014-15. Now in FY 2014-15, a new depreciation rate was prescribed as per Companies Act 2013. The Problem is that if we start applying this new rule of depreciation it will consume a lot of time since the company has 300 individual units whose balance sheets are first prepared individually & then got consolidated. Also the details like actual purchase date etc. are all very difficult to extract.
Is there a way out so that we continue with older applicable rates by mentioning it in notes in accounts or some other way which saves our time.
Thanks in advance.
Amit Jain

THE ASSESSEE FILED ITR FOR THE ASST YEAR 2012-13 CLAIMING REFUND ON 31/07/2014 . WHETHER THERE IS ANY TIME LIMIT FOR ISSUE OF NOTICE U/S 271F FOR CHARGING PENALTY FOR FAILURE TO FURNISH RETURN OF INCOME.

A Non Audit assessee has taken 6 lakhs business loan from private bank and Gifted 3 lacs to son and balanc utilized for Business. What are its implications?

Sir / Madam,

We have received some credit notes from our supplier for quantity discount (it would be based on various slab accumulated over each quarter 10 tonne to 25 tonne; 25 tonne to 50 tonne and so on). Hence we are not assure about the credit amount while procure the materials. The credit note is raised with a lumpsum only without GST portion.

1.Our question is whether we have to reverse the proportionate GST claim now which was earlier claimed by us in our GSTR -3B while procured the rawmaterial?

2. And what amount whether we have to treat as the credit note contains GST or GST applicable over and above the Credit note amount?

3. When our supplier does not reverse the GST applicable on the quantity discount in their return, shall we keep silent (not considering GST reverse at all) in our GST return?

Kindly advise us.

Thanks in advance,

With regards,
Bazeer L

Dear Sir,

we are manufacturer of Diagnostics Reagents. We have applied for classification and GST rate in Advance Ruling Department in the month of February 2018 and attended 2 personal hearings too. Now till date we have not receive and answer or order against our application..... So, please advise, what to do further??

Pl. also advise, if order will issue against our claimed classification than is there any liabilities? if yes, than what are the liabilities are? and from when it liabilities started?

I have stamp paper dated 11 Sept 2018..Can I show my registration date as 10 Nov 2018 in form 103.
Reply fast please..

Dear sir
i am an indian citizen and have MM2H (MALAYSIA MY SECOND HOME) long term visa of 10 years which can be extended further if desired.Under this visa programme, i can legally open foreign account in Malaysia.i want to invest money which i will earn in India, in Malaysian market in equity and mutual funds .

Sir! my qiestion is how will i be taxed in India and is it a wise step..
The economy of Malaysia is open and currency is stronger than that of india.

Dear Sir

I have an income from a Partnership Firm. Previous Year (A.Y. 2017-18) I submit my returns in ITR-2 Form, where I put the details of Income in the Schedule "IF".

But in F.Y. 2017-18 ( A.Y. 2018-19) Schedule "IF" is not available.

Would you please advice me , in which ITR Form I need to use for filing of my Return ??

Waiting for your valued advice.

I have purchased a plot in 1989for RS. 6000. In Dec 2018 I have sold it for 1200000. How the calculation for LTCG will be made?