Dear all,

We are into Food and beverages business and as its given in GST that one in F&B Business can apply for Composition scheme resulting us to pay GST @5%, but no if we voluntarily want to switch over to regular dealer, then what would be the procedure for it and what would be the consequences with regards to unclaimed Input Tax Credits for purchase of raw material for food and other expenses incurred?

Any help would be great,

Thanks in Advance

Is current account is mandatory for GST reg.and can i use my saving account for business transactions or not(i have a business of car accessories and two,three and four Wheeler parts)and i want to sell my product over e-commerce sites as well as over my shop.

Hi

can any body guide me whether we can issue one debit note for a mistake in " N" number of invoices, Ex: we had issued 10 invoices for a particular party, in all the invoices we had a difference in rate so it we need to issue debit note in order to rectify in this situation we have to compulsorily issue 10 debit notes or we can issue one debit note by mentioning all the invoice numbers, please guide me.

Thanks in Advance

Regards
A V Santosh Kumar

section 269ST of income tax act 1961 is applicable when Partners Introduced cash more than 2 Lacs in during the whole financial year ?

Dear Experts,.
The vendor "A" Ltd brought material from third party ( in this case "B"Ltd) ) and delivered to us ( ZZZ Ltd ) with charged GST @18%.
In this case, A Ltd paid Rs 34430 ( Basic 29178 + GST 18% 5252 ) to B Ltd and Raised invoice to ZZZ Ltd with the value of Rs 43552.57 ( Basic 34430 + Markup 2478.96 + GST 18% 6643.61 ).
The Basic value of rs 34430 has inclusive of GST and again charged GST from ZZZ Ltd. Kindly confirm is this double taxation.?
Note :
Vendor argue that its not double taxation, As per the agreement term vendor will charge for their service that is Landed cost + 6% ( Mark-up / Margin ) = taxable amount + taxes at actuals.
Kindly let me know, What is landed cost ? is it inclusive of GST.? Vendor argument that they have charged GST on total value ( Basic + GST = gross value + markup + GST ) is right.?

Respected Sir / Madam,

I own hotel which provides lodging services. Declared tariff is less than Rs. 1000 per day per unit. However my total turnover for a year exceeds Rs. 20 Lakhs.

My Query is
A) Am i liable to register under GST?

IF
1) No - please provide related provision / section

2) Yes - please provide related provision / section
- What is the rate applicable ? if ''0'' rate applies where to show amount in GSTR 3B.
- Whether am i eligible to claim ITC on all inputs purchased.

Thanks

Is here any method to file ITR for AY 2017-18 ?

sir one of my client is a composite dealer, from this year he will receive rents one lakh per a month, My question is gst applicable on rent receipts, his turnover for a year 25.00 lakhs. please advise me.

Sir,I am an individual running a shop taken on rent. I am paying monthly rent, Rs.45695+ GST Rs.8225.10 = Rs 53920.10.I am not liable to 44AB Tax Audit.
My doubt is 1. Whether I need to collect TDS.
2. Whether definition of Rent includes GST?
3. If Rent for TDS computation doesnot include GST my rent is below Rs 50000 per month, So should I file tds return. Kindly give me an answer ASAP. Thanks in advance

Sir
we had taken unsecured Loan for last 3-4 years and in this financial year 2017-18 we have paid loan
amount in the mid of Financial year , but at that time we have not give interest ,which was due ,
pl. let me know that interest for that period can be paid /credited in month of march 2018 ,and TDS on
interest can be deducted. if there is any prosecution as per income tax rule , if paid at the closing of
financial year.
Thanks
Saket kumar Rastogi