Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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CA KHUSHBU PATEL says : GST
MY ASSESSEE RUNS A PETROL PUMP ( PARTNERSHIP FIRM) . THEY USE THEIR OWN TANKERS TO FILL PETROL & DIESEL FROM ESSAR OIL LIMITED. ESSAR OIL REIMBURSES THE TRANSPORTATION CHARGES FOR THE SAME.WHETHER GST IS APPLICABLE ON SUCH REIMBURSEMENT ? IS GST APPLICABLE ON INCENTIVE INCOME & OTHER REIMBURSEMENT OF EXPENSES?

Clinton Hinchcliffe says : Networth
Hello sir Please help me calculate networth from the following data given in a balance sheet Current assets-3 crores Fixed assets&cwip-1 cr Other non current assets,assets held for sale&other financial assets-1 crore Current assets,investments & tangible assets-11 cr Current liabilities-1 cr Other current liabilities,Non current liabilities,provisions,equity-2 cr Accumulated losses-4 cr Please guide

Rama Anjaneyulu says : FILING OF ANNUAL RETURNS
One of our client's company was started in FY 2015-16 but till now they didn't file a single document to the ROC their Paid up capital is 2 lakhs but the fines and fees for filling of the forms till now is more than 4 lakhs. Advise us whether it is possible to avoid the late fees or whether it is good to leave that company like that and open a new company.

CA. jalpesh vaghela says : STRIKE OFF COMPANY
WHAT IS THE RATE OF STAMP DUTY FOR AFFIDAVIT AND INDEMNITY BOND IN CASE OF STRIKE OFF OF PRIVATE LIMITED COMPANY? ALSO NEED TO DO NOTARY OF BOTH THE DOCUMENTS?

Deekshith says : regularisation of additional director
sir.. We appointed an Additional director on 21st septembr 2019, but we failed to regularize him in AGM due to mistek. so what is the further procedure to regularise him as a normal director?