How can post import Goods under GST ? How can get input credit on import and custom duty can you please explain by example. We imported goods from Taiwan for US $ 6500, exchange rate on BOE is 65.15. We have paid custom duty Rs. 81932/-, No CVD, No cess only IGST 18% have charged by custom house. Custom duty calculation component is Value $ 6500, Freight $ 225, Insurance 1.125000%, Misc. Charges $ 118. Can you please explain how it posted as import purchase in GST ?

Thanks for reply. But how much I can show in RCM and adjustment of input in next month. Can I show RCM as IGST Rs.76225.5 or Rs. 81932/- or Rs. 90973.26 ( 18% on [{6500*65.15}+81932])? Please confirm.

I AM A SERVICE PROVIDER TO GRAM PANCHAYATS

FOR TRANSPORTING OF SAND TO PANCHAYAT SPECIFIED PLACE

FROM PANCHAYAT DIRECTED PLACE

WITH MY OWNED TRACTORS

I AM LITTLE BIT CONFUSING ABOUT THE TAXABILITY WHETHER IT IS

COVERED UNDER PURE SERVICE OR NOT

TAXABLE OR NOT


PLZ HELP

Hi All,

My client is a franchisee and pays a fixed percentage on turnover each month to the franchisor which he considers as royalty paid, and another single payment of a lumpsum amount is made to the franchisor which he booked it as Franchise fee, I am clear that royalty paid is subject to TDS u/s 194J, but I am not sure whether franchise fee is subject to TDS pleae help

Thank you
Regards
Aishwarya

Dear Experts.

We have two kind of services under travel agents.

1) Ticket booking only Air/Railway
2) Tour operator (which includes ticket taxi stay boarding n lodging)

What is the tax rates for both these services under gst

Hi,

As per section Section 40A(3) Limit to reduce the existing threshold of cash payment to a person from twenty thousand rupees to ten thousand rupees in a single day; i.e any payment in cash above ten thousand rupees to a person in a day, shall not be allowed as deduction in computation of Income from “Profits and gains of business or profession“;

Shall it applicable for below matter
In a Healthcare sector a patients cash deposit of Rs 50k towards hi/her treatment but after 2days stay hi/her bill was 28k and hospital is liable to pay refund of Rs 22k and he doesn't have any bank account.

So in the above cases should we pay the refund as cash to the patients ?

Please help me.

Regards
Anirudh

If I invest my money in some Partnership Firm.
1. What is the right way to show this investment in my ITR?
2. Is this money exempted from tax?

wheather purchase made as an unregistered dealer or as a consumer will make any difference?

I am working with a private hoapital. Our hospital is on lease.Are we liable for reverse charge on rent? my other question is. We have own drug store. We issue issue a single bill to patient because our major part of service is patient treatment and some of medicine. Are we laible for GST Payable on IPD(Idoor patients) Can we claim input credit of gst on consubles bill ,Repair bills Telephone bills,ETC.

Sub : Query regarding Form 112 applicability.

My Name is BOGI VENKATESH bearing registration Number : SRO0301271.
I have registered for ICWA inter on 05.12.2011
I was completed my IPCC group-1 in November 2011 attempt and Started my Articleship training at JBRK&CO Chartered accountants , Hyderabad on 09.03.2012 and my Articleship was completed on 08.03.2015.
I was appeared for ICWAI inter exams in December 2013 term and June 2014 term during my Articleship period with the prior permission of my principal .
I never went to any coaching classes during & after office hours and not taken a single day as leave(except in exam days) also for ICWAI inter purpose.
I was completed ICWA inter group -1 in December 2013 term(during articles) and Group -2 in December 2015 term.(After completion of articles).
Now my exact status in CA course is I was qualified CA Final Group -1 in November 2015 attempt and now i am writing CA final Group-2 in November 2017

My Exact query is :

I have seen a notification in ICAI website on 10.02.2017 which heading appears as “ Condonation of Breach of Regulation 65 & 78 – Non submission of Form 112 “

My Articleship was already completed around 2 years back i.e, on 08.03.2015 and I saw this notification on 10.02.2017.

1. Whether submission of FORM 112 is applicable in this case to Artilceship completed students like me?
If Yes,
whether Condonation fee of 5000/- is applicable to me ?
(or)
Submission of Form 112 alone was sufficient?

I am unable to concentrate on the studies due to this condonation fee issue and whether applicable to me or not.




Thanks In Advance

Yours Faithfully
B.Venkatesh
CA FINAL STUDENT
SRO0301271

Dear sir / madam my query is that i m giving repair and maintainance services to my clients in which i use some material from my side for repairing so how i issue invoice of this type problems.... whether i take input credit of material which is using in giving service....and how i maintain stock of this goods..