Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 1381–1400
| Que. Id | Date | Description |
|---|---|---|
| 20206 |
Mar. 09 2020 |
GST on Outward supplies transportation –
(GST)
Company A is supplying Chemicals to Company B. As per PO Terms Company A shall arrange for Transportation & insurance on outward supplies and get the same reimbursed by B at actuals, for which Company A is raising two separate invoices , one is for goods with applicable GST And another invoice for Reimbursement of Expenses without charging GST,(since the Company is of the view that the services qualify as Pure Agent), further Company A is also paying GST on outward transportation under RCM basis and not availing any Input Tax Credit. Query: 1 Whether the company A is liable to Collect GST on reimbursement of expenses (viz. Freight and Insurance)? Query 2. Whether the company A is eligible to take Input Tax credit on GST Paid under RCM basis for outward transportation? BY: SUDHAKAR No answers yet View Answers | Post Answers |
| 20204 |
Mar. 07 2020 |
GST Excess paid –
(GST)
GST for 2017-18 is excess paid and for 2018-19 also excess (nearly the same amount as in 2017-18). Excess amount paid in ultimately adjusted in Sep 2019 return. How to show this GSTR 9 BY: Sai Ram No answers yet View Answers | Post Answers |
| 20205 |
Mar. 07 2020 |
RERA –
(CORPORATE & OTHER LAWS)
While Issuing FORM 3, need to consider income and Expenditure of Land Owner Also? BY: Sai Ram No answers yet View Answers | Post Answers |
| 20201 |
Mar. 06 2020 |
Refund of RCM Paid on purchase in case of supply to SEZ. –
(GST)
Dealer is exclusively supplying cab services to a SEZ unit. He is also taking services of unregistered persons on which he is paying tax on RCM. My query is that is he eligible to claim the refund of tax paid on RCM as he cannot utilise the same because there is only zero rated supply to SEZ and no other supply. Please reply the same. BY: Ajay Lokhande No answers yet View Answers | Post Answers |
| 20202 |
Mar. 06 2020 |
REFUND OF GST TDS DEDUCTED AND SHOWN UNDER CASH LEDGER –
(GST)
IS THERE ANY PROCESS TO GET REFUND OF GST TDS, WHICH IS ALREADY DEDUCT AND REFLECTED IN OUR CASH LEDGER. BY: ANKUSH DUBEY No answers yet View Answers | Post Answers |
| 20203 |
Mar. 06 2020 |
GST ON Membership Fees Received –
(GST)
Resprected Sir/ Mam, Whether GST levied on Fees received from Members by the Medical Council created under law?? BY: Ninad Prataprao Shete No answers yet View Answers | Post Answers |
| 20200 |
Mar. 05 2020 |
Demand due to wrong Notfn no. in ST3 RETURNS –
(Service Tax)
A Service provider filed ST–3 Returns by wrongly including Negative list item-sale of goods turnover of Rs.9.5 crores to the taxable service and claimed exemption by giving Notification No.7 of 2015 . On Rs.1.5 crores man power supply also, the assessee has claimed 100% abatement in ST-3 Returns by giving notification No.30/2012 item No.10 instead of Sl No.8. The mistakes were pointed out by the AG AUDIT PARTY. AC has issued show cause Notice with demand of around Rs1.8 crores saying that he is not entitled to the exemptions as mentioned in ST-3 RETURNS in respect of the services provided U/s Section 65(39a) and Section 65(64) – Erection, commissioning and Maintenance or Repair Service to Mobile companies It is only disclosure mistake - the Sales Turnover suffered VAT Tax and the claim of 100% abatement on man power supply is also correct except giving wrong S.No.10 instead S.No.8 in ST3 Return. Are there any case laws supporting the above facts where the department cannot levy service tax just for claiming exemptions/ abatements under wrong notification number in returns when the assessee can prove his claims with documentary evidence? Please give your valuable advice with case laws, if any, in satisfying the A.C that the sales already suffered VAT and claim of abatement is also correct except giving wrong exemption notification No in ST-3 Returns and there cannot be service tax demand just for disclosure mistakes BY: M. UMA MAHESH No answers yet View Answers | Post Answers |
| 20191 |
Feb. 29 2020 |
Annual Return FY 2018-19 –
(GST)
I have a query after seeing the Offline Tool for Annual Return with respect to FY 2018-19 . There is no row to adjust the amounts being adjustments relating to FY 2017-18 done in GSTR-3B/1 for FY 2018-19. How to show effect of the same in Annual Return for FY 2018-19. or is it not be shown at all? BY: KASHISH CHAWLA No answers yet View Answers | Post Answers |
| 20185 |
Feb. 27 2020 |
Carry forward of Unabsorbed Depreciation –
(Profits & Gains of Business & Profession)
I filed a belated return for the A.Y 2018 - 2019 with a business loss due to Unabsorbed depreciation. Can I carry forward the respective unabsorbed depreciation in the current A.Y 2019 - 2020? BY: Murugesan No answers yet View Answers | Post Answers |
| 20187 |
Feb. 27 2020 |
182513 –
(MERGER & ACQUISITION)
How we can get the name of a company with which a particular company (whose name, we know) has amalgamated? BY: Pavankumar R. Nipanikar No answers yet View Answers | Post Answers |
| 20183 |
Feb. 26 2020 |
079710 –
(DIRECT TAXES)
w.r.t foreign payment made there arose a TDS liability, but inadvertently the same was grossed up in form 15CA as well as form 15CB . In consequences thereof, an excess of TDS is being deposited to the IT department. Now , Can we adjust the excess TDS deposited in another payment made to the same person if yes what is procedure for adjustment . BY: SANDEEP KAPOOR No answers yet View Answers | Post Answers |
| 20178 |
Feb. 22 2020 |
Documents to attatch for GST refund above 2 Lacs –
(GST)
Which documents are required to be uploaded in case of Refund above 2 Lacs under Inverted Tax structure. Whether GSTR 2A and Auditor CErtificate is also to be attatched by Scanning BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 20175 |
Feb. 20 2020 |
interest for belated filling of 3B –
(GST)
After the internal order no CBEC-20/16/07/2020-GST dated 10/02/2020 comes into play regarding recovery of interest on gross tax liability for belated return filling of 3B,concerned GST officers have started sending notices to registered persons regarding payment of interest.Will Madras HC`s judgement in Refex Industries Ltd`s case be of any help in this regard ?? Please let me know. BY: SUDIP KUMAR MUKHOPADHYAY No answers yet View Answers | Post Answers |
| 20170 |
Feb. 11 2020 |
RCM, BILLING IN TRANSPORTATION –
(GST)
CAN A TRANSPORTER BILL FOR FREIGHT UNDER RCM TO MAIN TRANSPORTER. SUPPOSE X IS A SUB TRANSPORTER WORKING FOR Y MAIN TRANSPORTER. AND A IS TRADER GIVEN TRANSPORT CONTRACT TO Y FOR MATERIAL DELIVERY. AND Y IN TURN OFF LOADED THE TASK TO X FOR DELIVERY. SO MY QUERY IS WHETHER X CAN BILL UNDER RCM TO Y FOR TRANSPORTATION. BY: pradeep kumar agrawal No answers yet View Answers | Post Answers |
| 20156 |
Jan. 25 2020 |
Section 269SU- Acceptance of payment through electronic modes –
(DIRECT TAXES)
Hello Professional Colleagues ! Whether newly introduced section 269 SU (Acceptance of payment through electronic modes) will apply for any receipt from foreign customer in foreign currency? As it may contradict with Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 if authorized dealer is not engaged? Thank You BY: Manisha No answers yet View Answers | Post Answers |
| 20154 |
Jan. 24 2020 |
Income received from Air BNB –
(DIRECT TAXES)
Client has listed property on AIRBNB and getting a rental income from the same. What is taxability of income and deductible of expenses. BY: Nitin Porwal No answers yet View Answers | Post Answers |
| 20133 |
Jan. 08 2020 |
interstate sale shown as intra state in GSTR3B –
(GST)
IGST service invoice mistakenly prepared as intrastate and filed 3B and paid CGSTand SGST in cash as there was no ITC.mistake found before filing quarterly gstr1..whats the remedy...? To correct the invoice as interstate. Will raising a credit note and issuing a correct invoice on the same date is ok..? Any chances of interest or penalty? BY: AJESH V JOHN No answers yet View Answers | Post Answers |
| 20131 |
Jan. 04 2020 |
seller making sales through ecomerce operator-swiggy –
(GST)
A seller making sales through ecommerce operator-swiggy , in which gst is charged on value after discount but not on the pakaging charges . in this case what will be our taxable value while filing gst returns Also please help me where these ecommerce transactions to be shown in gstr-1 BY: MOHAMMED MASEEH UR REHMAN No answers yet View Answers | Post Answers |
| 20126 |
Dec. 31 2019 |
INCORPORATION E-SPICE –
(Companies Act, 2013)
Dear members Please enlighten on the following: 1. One of the proposed director is a foreign national holding OCI of India. An Address proof as stated in bank statement could only be notarised as it is not possible to get the address proof apostilled in Belgium( as per the law in Belgium). 2.Further the director also holds Indian PAN card and OCI. Is the same needs to be notarised and apostilled. This being a Indian document The solution to the query raised will be highly appreciated. Practice with ROCs in different state differs too and this is wrt. Pune ROC wrt his objection in rejection. BY: vijay kumar kalia No answers yet View Answers | Post Answers |
| 20113 |
Dec. 21 2019 |
Tax deduction u/s 194IA –
(TDS/TCS)
"A" entered into an agreement to purchase a land for Rs. 14 Cr. and paid an advance of R. 8Cr. on 12-03-2012. No deduction was made u/s 194IA as the section came into existence only on 1-06-2013. Subsequently Rs. 6 Cr. were paid on 16-12-2019 and TDS was deducted on the amount of R. 6Cr. Now the sale deed is being executed. Whether TDS is required to be deducted on R. 8Cr. paid earlier at the time of execution of the sale deed? BY: SANTOSH JAGANNATH PAI No answers yet View Answers | Post Answers |
