Dear All
XYZ is Company, ABC is Distributor and RRY is retailers

XYZ supplies 10, 00,000 materials with 28% tax i.e., 2,80,000 to ABC Distributor
XYZ directly gives Zero Coupons to RRY retailers
RRY come to Distributor and taking 10, 00,000 materials with Zero coupons
XYZ gives credit note to ABC distributor 10, 50,000(with 5% margin)
The above transaction only 25% of all Turnovers, remaining 75% is normal transactions
Now doubts
1. Is the above transaction right as per GST ACT
2. If yes when can I utilize the above 2,80,000(input) because every month I am getting excess input only
3. Is there any process to get refund for my input tax value




PURCHASE 4000000 Tax@28 =1120000-- A

SALES WITH 5% MARGIN
75% NORMAL TRANSACTION 3150000 Tax@28=882000--B
25% ZERO COUPONS 1050000 Tax@28=0--C
Total output tax(B+C) 882000--D
BALANCE EXCESS INPUT (D-A) -238000--E


please give reply as early as possible

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Dear Friends

Is it necessary to have a contract in place to apply 194C, we are a logistics company and have to take delivery order from airlines for import consignments. One particular airlines refuses to give us the delivery order if we deduct TDS u/s 194C as they contend that as there is no contract between us we cannot deduct TDS. if any one can provide a clarity supported with CBDT or Court verdict it will help me a lot.

Thanks and Regards

Dear Friends

Is it necessary to have a contract in place to apply 194C, we are a logistics company and have to take delivery order from airlines for import consignments. One particular airlines refuses to give us the delivery order if we deduct TDS u/s 194C as they contend that as there is no contract between us we cannot deduct TDS. if any one can provide a clarity supported with CBDT or Court verdict it will help me a lot.

Thanks and Regards

Sir I had sent my articleship registration form in the month of november last year, but I haven't received any confirmation pertaining to the same, I'm worried as it is almost four months, but my other friends who had registered after me under the same CA hav received confirmation letter. I have sent a mail pertaining to the same to E-Sahaayata, will my November 2018 exam get postponed to next year cause of this?

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