dear sir I am a registered trader of paddy and wheat, i purchases paddy & wheat directly from farmers, and sales to registered miller, on purchases i pay mandi tax, i also pay UP VAT, so plz explain how does GST will affect me.

respected sir,
i have received provisional id from department. i want to know is what happens when i do not migrate my self in to gst.
as per sec 139 (1) every person reg under existing law shall be given provisional registration .then why this migration prosedure.please discuss
thanking you

DEAR SIR MAY CLIENTS CAN FILE RETURN AY 16-17 INTHIS YEAR OR NOT,HE -CAN FILE NIL RETURN OR NOT. AND IF HE FILE RETURN AY -17-18 ON DECEMBER WHAT PANALTY SHOULD PAY.

I am a manufacturer of rice. We sell rice in various packing sizes like 10kg, 25Kg etc with our brand name. Will it attract any GST on it?

Thanks
Nitin

Dear Sir,

Currently for apartments booked by a person, there is net of 6% Service tax (along with VAT charges by respective state govenments). THis is due to the 60%/65% abatement provided for input of raw materials etc going into the construction cost - which has already suffered tax.

With GST regime, it is understood that real estate will face 12% GST as replacement of service tax and VAT

However, the article below highlight tow concerns.

http://www.moneycontrol.com/news/business/economy/gst-rates-under-construction-properties-to-attract-12-tax-2284599.html

a) The value of land is included in the amount charged from the service recipient.” These will be taxed at 12 percent with full input tax credit.
What does above mean? does it mean the buyer is taxed twice once for stamp duty/regn expenses on land cost & again 12% service tax?

b) The second point is on abatement as below:-
Earlier, both developers and homebuyers received benefits under the abatement scheme (reduced tax rate under a special scheme). Under the current service tax regime, for those buying an under-construction flat, an abatement of 75 percent was allowed, subject to the flat being less than 2,000 sq ft and sold for less than Rs 1 crore, taking the effective tax rate from 15 percent to 4 percent. Similarly, if the cost of the flat was above Rs 1 crore and the size of the unit was more than 2,000 sq ft, the abatement was reduced to 70 percent and the effective tax rate to be borne by the buyer was 5 percent. States also charged VAT over and above service tax. This has now been done away with, say experts.

So, if there is no abatement, will there be 12% GST on the total cost of flat, which will spike the cost exorbitantly.

Though it is still a beginning of discussion, the news causes worry to the flat buyers like me.

Kindly provide clarification / explanation on real situation

THanks and Regards

Rajasekar

Can you please discuss and explain whether Charitable Institutions registered u/s 12A of the Act and is subjected to Audit u/s 12A(b) of the Act and has been filing its report in Form No 10B is liable for reporting SFT (Specified Financial transactions) under Rule 114E r/w Sec.285BA. In the table under Rule 114E(2) item No 11 column 3 specifically provides that it is applicable only for persons liable for audit u/s 44B of the Act. Further, even while extending the dates for filing the Returns of Income, CBDT notifies that “Assessees liable for Audit” which includes 12A(b) and 44AB and other provisions of the Income-tax Act. Also, as per the amended provisions there are other provisions that Charitable Institutions cannot accept cash more than a specified limit. As such whether 114E is attracted for Charitable Institutions in view of the specific classes of persons.

hello.
I have completed my gradualtion in 2017.now i wanted to pursue ca.SO,it is under direct entry.so i am now eligible for may 2018.
will the syllabus change for may 2018?and if it changes what will be the new syllabus?
furthur i wanted to know i have done now provincial registration.i am waiting for marksheet l.then where i have to submit marksheet to get the permanemt registration number?
for eligiblity for ipcc which documents to be submitted and where?
please do reply.it will be a great help.

A company paid CST on the basis of commercial invoice in the current regime. The goods are kept in the premises at the request of the buyer and hence Excise Duty is not yet paid. If the same goods are actually removed in the GST regime what will be the liability and under what provisions?

It is stated that existing Ser. Tax exemptions will continue in GST. But from the list of Council approved exemptions, construction services to Govt. for non commercial purposes is missing. Please recall Sec.102 of Finance Act,1994 and Notn.9 of 2016. is it a miss or purposeful?

Dear sir,
company received cash behalf of another entity or person exceed Rs 2000000. hold only commission some percentage this cash received fixed by this entity balance transfer to this entity. can file form 61A if yes than what money disclosed this form.