I am trading in fertilisers and insecticides. both items are lavied 6% vat in Maharashtra, and in GST fertilisers 12% and insecticides 18%. We will get ITC of 6% only and paying GST 12 & 18% respectively. There is loss to us of 6% in fertilisers and 12% in insecticides. is there any solution for my problem?

respected sir ,
what is the rate of tax for drugs &medicines sold in retail medical shops and used by consumers.whether it is 5% or 12% .there is confusion .
please discuss

Name :lalit gupta (jhansi )
I have filed my ITR for assessment year 2016-17 in may 2016,but as the Tax deducted in salary reciept(more) and 26AS(less) Were different ,the return first filed by CA as per 26AS and as i insisted him that the tax refund is more he just revised the return simply by increasing my exemptions amount and then again revised by myself as tax as per salary receipt and verified electronically as I do not knew about 26as ,the ITR now Shows Tax credit mismatch , i did not received intimation up to now neither ITR in process . asked in IT Deptt. And they are telling that return is in process and should wait for intimation but it has been a long time for this answer from their side..what should I do now

Dear Experts
Pls guide regarding the taxability of the matter as mentioned under:
Mr. X is a commission agent who book lorries on behalf of the other transporters and issue his invoice and receive the payment from Service receiver and settle the payments of lorry owners.

The matter of concern are as under:
(i) how he will be treated ? Whether as Transporter or Commission Agent .......
(ii) whether income will be computed as per 44AD or 44AE

Thanking You

Hi, Just was filing my ITR-1, wanted to know where need to show Rent portion paid by me? As it was not showing by employer. As i am paying, 8000 rent Per month. Need your valuable suggestion, where need to show rent paid by me. Regards, Anand

Team,

Could you please help me clarifying my query on salary income earned in Switzerland is taxable in India ?
Below are the points referring to above.
1. Stayed in Switzerland on deputation model for 80 days in previous fiscal year.
2. My employer is registered in India & Switzerland both and it's origin is US.
3. I have payed 11.50% tax to Switzerland government on my salary income.
4. My India PF was deducted from my Switzerland salary for the time I stayed in Switzerland.
5. There is no tax return done by Switzerland government after I left the country.

I tried contacting many CA's but everyone has different opinion over this, some has suggested that you income is taxable in India as per Indian taxation slab and tax already payed in Switzerland will get adjusted in final taxable amount.
Some has suggested that if you have already payed taxes in Swiss then you are exempted from taxation in India and you only file return on the period you stayed in India in last fiscal year and amount you earned in India.

Ankit

From when the Dvat returns will be taken over by the GST returns? GST returns are same as Dvat returns or some special knowledge is needed to file GST return.

a Rs. 25lakh land purchased ,by Rs. 15 lakh in D/D and Rs. 10 lakh in cash, which withdrawn from bank in cash.Now sir my doubt is how to show that 10 lakh withdrawal​ in cash and paid to buy d land?and at what price land will shown,at time of transfer,to compute Capital gain/loss? Please advice Sir... thanks in advance..

Can any one tell. Me what is the rate of gst of pooja samagri, like ghanti, motiyo ki mala, shankh, bhawan ki brass ki murtiya etc

SUPPOSE I AM OPTING 44AD and further i breach provision of section 44AD by claiming lower profits than 8% as per the provisions of section 44A(1) and my income is below taxable limit even then i need to get my books audited u/s 44AB .Secondly suppose in the above case my turnover exceeds 1cr rupees. What will be the implications. Tax audit will be required or not?