Dear Sir,

can we claim the input tax credit of tax paid on purchase and installed of AC's ( Split AC's) both in the Office and Showroom.

We take contracts from L&T for construction of railway quarters. We have purchased a car for director. Can ITC of gst on purchase be availed? What if the car is used for wholly personal purpose or partly for personal use or partly for office use?
A cess is levied @1% on car's value. What will be the treatment of the cess?

I wrongly file gstr1 with my purchases details how it should be revised

Hi,

As per Central Government vide Notification No. 40/2017 - Central Tax, dated 13/10/2017, no GST on advance received against supply of GOODs for assesses having aggregate turnover up to Rs. 1.5 crore w.e.f. 13th October 2017 & as per Notification No. 66/2017 – Central Tax, dated 15/11/2017 for aggregate turnover above Rs. 1.5 Crore w.e.f. 15th November 2017.

With reference to above Notfn's, If Advance received against sale of Goods is not Taxable under GST, Then is it compulsary to mentioned details of advances received in GSTR-1 Return - 11A(1) & 11A(2)?

Thanks in advance

Manoj

My client has bought one agricultural Land in F.Y. 2017-18, he than converted the same & developed into 18 Plots. He sold 3 plots from the same in F.Y. 17-18 only.

What would be the income tax treatment of the same. Can I show this income u/s 44AD??

SIR,
MY CLIENT GOT SALARY ARRIEAR IN F.Y. 2017-18.
IN earlier year 2015-16 and 2016-17 he not claim LIC in his income tax return.
now when he know that due to arriear he is taxable in f.y. 2015-16. he tell me consider LIC of f.y. 2015-16 as additional deduction in income tax return of f.y. 2017-18 in which he got arriear of salary.

can he cliam lic of earlier year as additional deduction ?

Dear Expert,

We have invited a tea seller to our factory premise and made a contract for supply of tea, snacks and lunch and dinner as well. We are not receiving any rent by that tea seller as well as we are also not providing any material but we have a written contract to provide tea and snacks on demand.
Till the date we have not deducted any TDS on payments to such considering supply of goods as well as not providing material to Tea seller, but our internal auditor raised observation on these payments.
However we read all the terms and provisions regarding the same but a technical point is we have contract and not realizing any rent from tea seller.

In the lights of provisions of IT Act 1961, please suggest whether TDS will be deduct or not?

A CA works under a CA firm can get a full time COP or Part time , and if he get Part time COP then have right to do attest function or not ? Please ASAP with reference of provision.

Dear Sir ,
A situation have been arised to us in which GSTN given by our Buyer was wrong . We given that GSTN in our invoices related to that party and accordingly we used to file our GSTR-1 . Recently he visited us and said that his GSTN given in invoies is wrong .
Sir what is the remedy in this case , so that i would be safe as well as my buyer would also get the ITC benefit ??

Pls advise

Under LRS a resident individual can remit USD2,50000 or its equivalent in other freely convertible currency. Please clarify the meaning of the word " equivalent" and also the way how to arrive at the equivalent.Whether 2,50000 is the maximum amount of any currency denomination which can be remitted without RBI approval.