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Top 50 Question
Que. Id Date Description
34809
Sep, 16
2018
GST - ( GST AUDIT )

a firm has 3 separate registrations. case 1. cummulative TO exceeds Rs. 2C but individual TO is less than Rs,2C. Is GST audit applicable case 2. TO of one registered address exceeds Rs.2C and TO of others is less than Rs.2C. Should those having less than 2C get GST audit done

BY: t sankar

Total Answers : 3 | View Answers | Post Answers

31741
Jul, 14
2018
GST - ( CANCELLATION )

gst cancellation filed in Jan 2017. Till date status is shown as pending. Should nil return be filed? Till now nil return not filed. Is late fee applicable? If yes any chance for waiver

BY: t sankar

Total Answers : 1 | View Answers | Post Answers

28445
Feb, 04
2018
GST - ( GST RATE FOR INSURANCE COMMISSION )

air travel agent takes overseas medical insurance for his customers. He logs into the insurance portal online and issues the policy. He gets commission for such online booking. customers may be within the same state or outside the state. Insurance company is outside the state. On the commission received should he charge IGST or SGSTCGST

BY: t sankar

Total Answers : 3 | View Answers | Post Answers

28444
Feb, 02
2018
GST - ( HSN SUMMARY OR PRODUCT DETAILS )

what if the GST return is filed without entering product details or HSN summary? Is there any penalty

BY: t sankar

Total Answers : 3 | View Answers | Post Answers

28443
Feb, 02
2018
GST - ( HSN SUMMARY )

what if the HSN summary is not filled up and filed. Is there any penalty? Or can it be entered when asked

BY: t sankar

Total Answers : 3 | View Answers | Post Answers

24237
Oct, 20
2017
GST - ( REGISTRATION PROBLEM )

A client had migrated in July and got GST regn number and was able to log in. However in July end it was cancelled without any intimation. Since he had given the GSTN for input and also issued invoices he did not want to apply fresh and get another GSTN. After visiting various GST offices, he got new GSTN in September end. For July, Aug and Sep he was using the old number in the sale invoices. Now he has new GSTN and new log in id. How to pay the GST collected in old number? How to claim ITC, though he may forego since it is minimal? If the pays the tax in new GSTN, how to file GSTR for July and Sep? Can he file GSTR1 for july aug and sep combined in sep GSTR 3B, and sep GST 1 (although he may have to change the invoice dates)

BY: t sankar

Total Answers : 5 | View Answers | Post Answers

24233
Oct, 19
2017
GST - ( RATE CLARIFICATION )

What is the GST rate for oil filters, "O" ring, and other similar items used for vehicles.? Will it be 8421-18 percent or 8714-28 percent. for O ringwashers made of rubber is it 4016 or 8714 8421 is general oil filters but 8714 is parts used in vehicles. Please clairfy

BY: t sankar

Total Answers : 1 | View Answers | Post Answers

24232
Oct, 19
2017
GST - ( GST ON SOFTWARE EXPORT )

A person does software export less than Rs.20L. Under the amended notification is registration compulsory? If it crosses Rs.20 L, should he charge GST? If yes at what ? Can he give LUT?

BY: t sankar

Total Answers : 2 | View Answers | Post Answers

24231
Oct, 19
2017
GST - ( GST ON SOFTWARE EXPORT )

A person does software export less than Rs.20L. Under the amended notification is registration compulsory? If it crosses Rs.20 L, should he charge GST? If yes at what ? Can he give LUT?

BY: t sankar

Total Answers : 4 | View Answers | Post Answers

24230
Oct, 19
2017
GST - ( CANCELLATION OF GST REGN )

Many people had taken regn for inter state sales and also on compulsion from other party (to avoid RCM procedures by the buyer. Now with amendment of Rs.20 L covering inter state sales and no RCM, How to cancel the registration? Unless regn in cancelled the registered person must continue to charge GST and file returns. So the amendment is no use for current regd parties unless GST is cancelled. Has the procedure for cancellation been announced

BY: t sankar

Total Answers : 5 | View Answers | Post Answers

24210
Oct, 08
2017
GST - ( MULTIPLE REGN WITHING SAME STATE )

A CA firm is have 3 branches in same city. These are handled by different partners. Each branch income and expenses is taken care by the partner in charge of that branch. Profit is not shared. Is separate GST regn possible for each branch separately in the same city? I know that if we have single regn then multiple returns can be avoided. But in our case we prefer separate regn. Again is it possible, since each branch risks, returns and profit sharing different.

BY: t sankar

Total Answers : 6 | View Answers | Post Answers

20164
Sep, 20
2017
GST - ( PAYMENTS TO URD LESS THAN 5000 )

Whether purchases made from URD and less than Rs.5,000 per day, have to be reported in the returns? IF yes, which return and which column

BY: t sankar

Total Answers : 5 | View Answers | Post Answers

19887
Jul, 21
2017
GST - ( TURNOVER FOR REGN )

a salaried person is having rental income. salary Rs.15 per annum rent Rs.10 lakhs per annum. for liable to regn purpose Rs.22 L or Rs.10 L to be taken.

BY: t sankar

Total Answers : 3 | View Answers | Post Answers

19624
May, 08
2017
GST - ( MULTIPLE REGISTRATION IN THE SAME STATE )

Is multiple GST registration allowed for a single PAN in the same state? for example a CA firm if having 3 branches in the same state. Can the CA firm take multiple GST registration

BY: t sankar

Total Answers : 3 | View Answers | Post Answers

19253
May, 20
2016
Service Tax - ( AMT PAD TO GOVT )

our client is a SEZ developer. The govt has placed 1 customs staff in the premises to facilitate fast clearence of goods. The company reimburses the staff salary and other staff expenses to the govt. Is service tax payable under RCM on such expenses paid to govt.

BY: t sankar

Total Answers : 1 | View Answers | Post Answers

17774
Apr, 24
2014
Service Tax - ( DIGITAL BANNERS, NAME BOARDS )

individual is into business of making digital banners, name boards, etc. Is he liable to service, if yes under what service

BY: t sankar

Total Answers : 2 | View Answers | Post Answers

16862
Aug, 13
2013
Service Tax - ( CENTRALISED REGISTRATION )

A company has Chennai as registered office and Hyderabad as branch office. Both are registered under service tax. The Company has taken centralised registration for billing for Chennai office. Can the company raise invoices with service tax at Hyderabad office? Or since centralised registration is taken, must it raise all its bills at Chennai office only?

BY: t sankar

Total Answers : 9 | View Answers | Post Answers

16849
Aug, 10
2013
DIRECT TAXES - ( 44AD )

Can partner salary be offered us 44AD? for example if a person receives partner salary of Rs.20 lakhs then can he offer tax @ 8 us 44AD?

BY: t sankar

Total Answers : 10 | View Answers | Post Answers

16839
Aug, 08
2013
Customs & Excise - ( RMC )

1. Is cenvat credit available on cement purchased for manufacture of Ready Mix Concrete {RMC}? 2. We are SEZ developer. We have 7,000 acres for development of SEZ. But for excise purpose we have registered only 3 acres as factory for manufacture of RMC? Central Excise staff are saying that we to charge excise duty for own consumption also, since the good are cleared out of the factory 2 acres. But for practical purpose we are using the RMC only in our own 7,000 acres. We do not sell to outsiders. Should we pay ED? 3. capital goods purchased in Jan 2012. central exise registration in Nov 2012. Can cenvat credit be taken on such capital goods purchased before registration? If yes, should we take 50 only in 2012-13 or can we take 100 since this is the 2nd year?

BY: t sankar

Total Answers : 2 | View Answers | Post Answers

16534
May, 28
2013
Service Tax - ( REVERSE CHARGE )

a company hire tata magic vehicles from individuals. Tata magic vehicles are designed to carry passengers. However under reverse charge autorickshaw, stage carrier and contract carriage are excluded. Whether the company must pay ST under RCM

BY: t sankar

Total Answers : 3 | View Answers | Post Answers

16533
May, 28
2013
Service Tax - ( LIABILITY )

A (non-corporate) bills B corporate for some services liable under reverse charge. However C {corporate pays the bill on behalf of B. 1) Who is liable to pay service tax under reverse charge? 2) C will raise a billdebit note to B for the amount? Should C charge service tax on such bill? or can the amount be taken as payment under pure agent and hence no ST liability?

BY: t sankar

Total Answers : 4 | View Answers | Post Answers

16531
May, 27
2013
Service Tax - ( REVSERSE CHARGE )

for services under reverse charge, a non-corporate charges full rate of service tax @ 12.36 instead of after abatement. for example for car hire the service provider charges 12.36 instead of 4.944. 1) should the service recipient ignore 12.36 and recalculate the bill after adding ST @ 4.944 and then pay balance ST under RCM by separate challan or 2) pay the full bill amt as charged and not pay ST under RCM

BY: t sankar

Total Answers : 3 | View Answers | Post Answers

16530
May, 27
2013
Service Tax - ( METHOD OF BILLING )

a non-corporate has to raise bill for services under reverse charge. for example in a security services bill, should the non-corporate charge 3.09 as service tax or should it charges 12.36 and then claim abatement? or it does not matter?

BY: t sankar

Total Answers : 3 | View Answers | Post Answers

16529
May, 27
2013
Service Tax - ( VALUATION )

In a contract work, a contractee agrees to supply part of material, like cement to the contractor. Other materials are procured by the contractor. Should the value of such material supplied by the contractee be taken into account for the purpose of service tax by the contractor? If the contract is a pure labour contract where all the materials are supplied by the contractee, then should the value of materials also to be taken into account. Will the answer be different if most of the items are supplied are supplied by the contractee? only few items are purchased by the contractor?

BY: t sankar

Total Answers : 2 | View Answers | Post Answers

16527
May, 26
2013
Service Tax - ( CENVAT CREDIT ON LAND LEASE )

A new company has taken a vacant land on lease to build a factory. Whether input credit of service tax on land rent be taken a) during setup of factory and b) after start of commercial production

BY: t sankar

Total Answers : 2 | View Answers | Post Answers

16526
May, 26
2013
Service Tax - ( REGISTRATION )

Whether the limit for registration of Rs.10 L is before abatement or after abatement? If a manpower agent or outdoor catering agent has billing of Rs.13L should he get himself registered? This is because the amount after abatement is less than Rs.10L

BY: t sankar

Total Answers : 4 | View Answers | Post Answers

10929
Jun, 12
2009
Service Tax - ( SEZ, IMPORT OF SERVICES 2) INTEREST ON DELAYED PAYMENT OF SERVICE TAX )

Is import of services applicable to SEZ. I know that SEZ is exempted from service tax, but does this exemption apply to import of services. Is ter on deyed payment of service tax, an allowable expenditure under come-tax act? Service tax is due on say 31 March. But tax is paid on say 30th April. The company wants to pay the ter now say June. How is the ter calcuted? Is it from 31st March to 30th Apr? or is ter payable on deyed payment of ter? '

BY: t sankar

Total Answers : 1 | View Answers | Post Answers

6952
May, 16
2007
CORPORATE & OTHER LAWS - ( COMPANIES (ACCOUNTING STANDARDS) RULES 2006 )

What are the implications of Companies (Accountg Standards) Rules 2006? AS per the Accountg Standards issued by ICAI, certa standarads, certa exemption is given for level 2 and level 3 companies. However as per the above rules it is different. Kdly enlighten me. '

BY: t sankar

Total Answers : 0 | View Answers | Post Answers