I (Individual /HUF) have loss from trading in Futures and Options,hence my profit shown is less than 8%,so under which clause I m liable for tax audit ??

Hi, as part of trading activity we have made a sale to the customer in South Africa (transaction took place before GST). The customer made payment in USD from SA to India. But the material was handed over to the customer in our office in Hyderabad, Telangana state. Since the ownership of material was transferred "ex-works", we had considered the transaction as domestic sale and charged VAT. We have received different opinions from different professionals that, what we had done was correct treating the transaction as domestic sale. Some professionals formed an opinion that, transaction should have been recorded as as an Export sale. We are confused, please advise.

Dear expert - Can you pl. help me by informing type of GST registration required for Grain Trader turnover is between 20L to 75L-Mainly dealing in unbranded Wheat, Bazra, Rice etc locally?

Expert,

What is time limit for bond or LUT under GST?
Do we have to issue separate Bond or LUT for each export invoice?

interstate composition dealer se expenses purachse krte he to gstr 3b me uski entry krni padegi kya or tax to mujpr lagega nhi

Section 161(3) provides that "Subject to the articles of a company, the Board may appoint any person as a director nominated by any institution in pursuance of the provisions of any law for the time being in force or of any agreement or by the Central Government or the State Government by virtue of its shareholding in a Government company."

Query: The Articles of Association of a private limited company does not have any clause regarding the appointment of NOMINEE Directors. However, there are no restrictions in the AoA regarding such appointments. The sub section starts with a condition that " Subject to the articles of a company, the Board may......".

Does this mean that the company should first alter its AoA and add an enabling provision in it to appoint a NOMINEE director?

ANY interpretations in this regard?

Payment Terms 30 days ans we are paying payment within 20 days . GST applicable in Cash Discount

my query is that a new partnership firm that was registered about 4-5 months ago and has not done any business in this period yet, wants to cancel its registration now. so what is the procedure and cost applicable?? Reply urgently required...

Dt. 18/08/2017
Sub: CASH Receipts above Rs. 2,00,000.00
Sir,
Please tell me I am getting CASH income from home tuition Rs. 3,70,000 P.A. which is (31,000.00 P.M. aprox.) from 10 to 15 students and my FDR interest is 90,000.00 aprox.(P.A.).
My Question is for the F.Y. 2017-18
1. Can I receive CASH from 10 to 15 students Rs. 31,000.00 (P.M.).
2. Which Return file for the F.Y. 2017-18.
3. What type of record I Have to maintained.
4. Can I receive CASH above Rs. 2,00,000.00 from 10 to 15 students.

Thanks with Regards

I am a regd GTA and have made supplies to regd recipient who is liable to pay GST under RCM, so do i need to file GSTR3B, if yes, then at which column should i record the turn over of my outward supplies taxable under RCM which will be paid by the recipient