Dear Experts,
While adducting TDS on NBFC u/s 194A for interest. Whether TDS also to be deduct on file charges and processing fees if yes under which section.

Thanks
ASAP

IF I HAVE MISSED A BILL IN GSTR 1, CAN I UPLOAD THE SAME IN NEXT MONTH'S GSTR 1.

Our is CHS having 650 flats
Per month maintenance is Rs 5500 which is below thershhold limit of GST Rs 7500

But annual turnover is around around 4.20 Cr. .

So are we suppose to get GST registration on turnover basis even though monthly charges are below Rs 7500 limit?

Please revert and thanks in advance for your help

We paid amount of Rs.1,00,000 on account of hiring function hall for 3 days on the occasion of my sister's marriage. Whether I have to deduct TDS under section 194IB or not.

Please clarify this issue.

Thanking you,
Suneel.

Dear Experts,
One of my client started his own proprietorship business in Export of Readmade garments.

Through his Pancard he has received IEC Online on 05.02.2018 but at the time of filling form it asked for DOB so he wrote 21.05.1990 as per his PAN Card and in DGFT site IEC status showing Date of Incorporation is 21.05.1990.

further he had applied for RCMC in AEPC, he has also received that Certificate but in this Certificate, Established year is 1990, so we are confused that the Establishment year should be as per IEC i.e.2018 but the department has taken as per pan card of proprietor.

Now the Question is, will this create problem in customs at the time of transaction of goods or not.

Please reply as soon as possible.

A Ltd. a subsidiary of X Ltd. (German MNC) has received a payment of Rs. 96.60 lacs from X Ltd. for Research & Development expenditure. Out of this 96.60 lacs actually only 50.60 lacs as payable but due to some mistake in invoicing, X Ltd. has made an excess payment of 46 lacs to its indian subsidiary.
The payment was received in two tranches i.e. August 2016 - 46 lac & October 2016 - 50.60 lacs.

Now in February 2018 X Ltd. has demanded a refund of excess money.

So what all compliance are required to refund the money. For e.g. RBI/FEMA / FDI/ODI /FCGPR/Companies Act etc.???
Is there any rate of interest to e paid or any time limit??

Thanks
Shubham

My client has received the notice from cgst nm. Division 4 forReturn defaulter U/S 46 for non filing GST 3B return. He is already registered under S.T. He has got the provisional ID for GST. But he has not completed any registration procedure by filing form or migrate . In mean he is applied for new registration and got GST no and filed the all return from July 2017.

How to give reply in which manner ?

Hello my name is raj nd I'm 18 yrs old and i want equal rights in my father's property so can i go legally?
What are postive or negative impacts

Dear experts good afternoon,

We are manufac. company for cotton fabrics & Partnership firm.

My company one of the Partner's son travel & educational coaching to otherstate.

At the same time the son is the employee for the firm in our a/c.
And, my query is the above travel & edu.coaching fees claim for company firm & input tax also.
if the tax claim for the above, what are the bill received the name of son or company name from coaching center????

second query is flight ticket invoices can we claim for input tax credit or not ??????

During the year 2017, Company has given the job work for Manufacturing of Jewellery to China Factory. Factory charge to the Company is 15 CNY Currency per gram for Casting+Filling+polishing (Process under Jewellery Manufacturing) and once Goods are ready from this Process then Diamonds will be set in the Jewellery for which Factory will charge 3 CNY Currency to Company per Pcs of Diamonds..

Now Once the Finished Goods are ready they will ship from China to Hong Kong and According to above rate they will issue Labour Invoice which is straight forward Exercise and According to Labour invoice we book under Labour charges in Company.

But to Start Production of Jewellery Company Need to Give the Gold In Advance to Factory and this account will be like Running Account of Gold Balance. For Example Company has given 100 KG Gold to Factory in 2017 and out of that Factory has given back the Finished Goods of 92 KG to the Company.

Now in Above Para issue is balance of 8 KG (100 KG-92 KG) which Factory charge to Company under Normal Gold Loss/Wastage which is fixed as 8% with the Company which company has to pay to them.

Now Two Issue from the above Story- One is where we should account gold Loss ? Currently we are booking as purchases of 100 KG under Purchase Gold only As Factory has given 92 KG Gold Finished Goods to the Company and Company has delivered the goods to Customers so We should account Purchase Gold to the extent of 92 KG only or

We should account 100 KG as purchases of Gold as well as 8 KG Gold Loss under Labour expenses?

Please help to clarify the above issue