Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5987 unanswered question(s) — Showing 1621–1640
| Que. Id | Date | Description |
|---|---|---|
| 19298 |
Jun. 21 2018 |
Composition Levy –
(GST)
A Composition dealer sells goods at MRP which is inclusive of taxes. Does it mean he is collecting GST which is prohibited under GST Act. BY: Ethirajan No answers yet View Answers | Post Answers |
| 19300 |
Jun. 21 2018 |
DECLARATION OF DIVIDEND AND DEPOSIT OF SUM IN DIVIDEND ACCOUNT –
(Companies Act, 2013)
Please clarify as to whether date of of declaration of dividend is taken for the purpose of 5 days prescribed for placing the money in to Dividend Account or it is excluded therefrom. Any specific Rule or Case Law may please be shared if possible. BY: CA. KAKKAR JITENDER No answers yet View Answers | Post Answers |
| 19294 |
Jun. 20 2018 |
RFD-01A –
(GST)
I AM AN EXPORTER. MY TOTAL TURNOVER INCLUDES a) ZERO RATED SUPPLIES b) Rental Income (local supply) My purchases is only for zero rated supplies. No Purchase is done for supply of rental services. While claiming refund of unutilised input tax credit, what will be my Adjusted Total Turnover.? I had claimed refund of ITC BY TAKING Adjusted Total Turnover equals to zero rated supplies. BY: pratik vora No answers yet View Answers | Post Answers |
| 19296 |
Jun. 20 2018 |
PROFESSIONAL ETHICS –
(OTHER BODIES)
Can a CA in practice become the Bank signatory of a Company BY: Sukesh Gupta No answers yet View Answers | Post Answers |
| 19293 |
Jun. 19 2018 |
CA PRACTICE –
(MISC.)
I AM PARTNER OF A CA FIRM , CAN I START MY PROPRIETARY FIRM ALONG WITH PARTNER IN THAT CA FIRM. AND ALSO CAN I PRACTICE IN MY OWN INDIVIDUAL NAME AND DO ATTESTATION FUNCTION AS SUCH. IF YES, THEN KINDLY TELL ME THE PROCEDURE TO COMPLETE FORMALITIES WITH ICAI. BY: RAVI KUMAR SHARMA No answers yet View Answers | Post Answers |
| 19281 |
Jun. 12 2018 |
Is LLP liable to deduct TDS? –
(TDS/TCS)
Whether LLP is liable to deduct TDS? BY: Pooja Machchhar No answers yet View Answers | Post Answers |
| 19276 |
Jun. 08 2018 |
Gst on incentives, qty sale, advertisement expenses reimbursement –
(GST)
We are trader, our supplier provides below after sales 1. Incentive for sales promotion, 2. quantity discount on sales 3. reimbursement of advertising expenses Please advise rate gst rate for issue of invoicedebit note along with hsnsac codes Thank you BY: RAMESH VADNALA No answers yet View Answers | Post Answers |
| 19274 |
Jun. 07 2018 |
GST on Incentive –
(GST)
Sir, One of our client paying incentive to its customers as a percentage of monthly sales subject to the achievement of required sale volume. Please clarify whether the supplier is required to generate credit note on this transaction or should the receiver can issue a tax invoice in this regard. BY: NITHIN S G No answers yet View Answers | Post Answers |
| 19275 |
Jun. 07 2018 |
Clarification required regarding Payment of GST on Tool Amortisation –
(GST)
It is the common practice in foundry industry that Patterns and Tools are developed at manufacturer’s end for the customer. The invoice for such tool pattern is raised on the customer. While raising the Invoice only Sales Tax (i.e.Central Sales Tax State Sales Tax) is levied but Excise duty was not levied as it is leviable on production but payable on Removal of Goods. While manufacturing the finished goods, manufacturer captively consumed such tool pattern. As per the clarification issued through Circular No. 170-4-96-CX dated 23-01-1996, CBEC clarified that the proportionate cost of pattern has to be included in the assessable value of the casting even in cases when such patterns are being supplied by the buyers of the casting or are got prepared manufactured by the job worker at the cost of the buyer. In cases where there is difficulty in apportioning the cost of pattern, apportionment can be made depending on the expected life and capability of the pattern and the quantity of castings that can be manufactured from it and thus working the cost to be apportioned per unit. For this purpose, a certificate from a Cost Accountant may be accepted. In such situations, specifically during the transition, Transitional Provisions in GST ACT are not clear about payment of Central Tax (i.e Central Excise CGST) on the value of such tools or patterns, the cost of which remained unamortised as on 30th June 2017. More Specifically - - Whether the assesse is required to pay Central Excise on the Unamortised Value as on 30th June, 2017? - Whether same scheme of amortization as assesse was following under Excise, shall be followed under GST or GST shall be payable on transaction value i.e. on the value finished goods without amortization? - If amortization is not considered for valuation, in that case whether it amounts to violation of Valuation Provisions or rules made under the provisions of the GST Act? BY: Gangadhar Vijay Haldikar No answers yet View Answers | Post Answers |
| 19265 |
Jun. 04 2018 |
activity allowed to a practicing CA –
(MISC.)
I want to upload classes for the benefit of CA CS Student on you tube channel at free of cost, is it allowed, I am a practicing Chartered accountant BY: VISHAL KHANDELWAL No answers yet View Answers | Post Answers |
| 19256 |
Jun. 01 2018 |
UNREGISTERED TRUST –
(DIRECT TAXES)
There are two unregistered trusts. Both are having school under trust.One of which Gross receipt exceed 2 crore and another gross receipt below 2 crore. Sir, following are my questions 1) Which form of ITR to be submitted? 2) Whether audit required under both the cases? 3) If audit required than which form to be submitted (form 10B or 3CB3CD)? BY: SUDHIR KUMAR No answers yet View Answers | Post Answers |
| 19259 |
Jun. 01 2018 |
TURNOVER UNDER GST –
(GST)
WHETHER A PERSON HAVING INTEREST INCOME FROM BANK F.D, OR PERSONAL LOAN GIVEN TO OTHER WOULD BE INCLUDED FOR THE PURPOSE OF AGGREGATE TURNOVER UNDER GST TO TAKE REGISTRATION. INTEREST INCOME 1950000 RS AND TAXABLE BUSINESS INCOME RS 150000. BY: Shailesh Agrawal No answers yet View Answers | Post Answers |
| 19263 |
Jun. 01 2018 |
Transporter business –
(MISC.)
A proprietorship concern ( MS ABC) already doing a business of a transporter . Now Ms ABC is also want to do other business apart from transport . so can he do so ? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 19252 |
May. 31 2018 |
Ommission of One sale bill in GSTR 1 for Dec Qtr –
(GST)
An asessee has failed to show one sale bill in GSTR 3B as well as GSTR-1 for Dec Qtr. Can it be revised or there is any other option to rectify? BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 19249 |
May. 30 2018 |
Order under section 154 of Income tax Act –
(DIRECT TAXES)
Received an order for rectification of a mistake apparent from record under section 154. What are the important areas the assessee should cover? What are the remedies available to the assessee? BY: CA PRADEEP C B No answers yet View Answers | Post Answers |
| 19246 |
May. 28 2018 |
itc not taken –
(GST)
1.ITC of one purchase bill for september mistakenly not taken 2.Credit not for various month ITC not reversed What is sollution ?? wait for annual return or ITC taken in may month BY: CA. RACHIT JAIN No answers yet View Answers | Post Answers |
| 19243 |
May. 25 2018 |
HUF- Type of income –
(DIRECT TAXES)
Can HUF earn any type of income or particular type of income or there is any restriction ? BY: samirkumar gokulbhai kasvala No answers yet View Answers | Post Answers |
| 19242 |
May. 23 2018 |
Compounding for offence u/s 129(7) –
(Companies Act, 2013)
To which body compounding application us 441 for offense us 129 (7) among RD or NCLT application has to be made? BY: Virendra Kumar Pandey No answers yet View Answers | Post Answers |
| 19240 |
May. 22 2018 |
TDS U/S 195 –
(DIRECT TAXES)
A property has been purchased by a buyer from a seller who at that time of sale was living and employed in India and did not disclose to the seller that he was a NRI. Buyer deduced tds@1 instead of 20 And Now income tax has served a Notice us 200(1A) on buyer stating reasons for short deduction of tds. Since Buyer was unaware of the fact that the seller was a NRI and accordingly he deducted tds@ 1. All title deed, bank account, aadhar etc mentions Sellers residing in India. Moreover, NRI has duly filed his return and declared capital gain and paid tax. Is any case law there or can it be justified that buyer is not assesee in default as he had no knowledge of the same BY: Kamreen Fatma No answers yet View Answers | Post Answers |
| 19241 |
May. 22 2018 |
Reverse Charge on GTA –
(GST)
Whether Freight paid to registered transporter (GTA), GST is charged on bill, is liable to be Taxed under reverse charge. And whether credit on input GST, charged on GTA bill, can be taken. BY: Vivek Khemka No answers yet View Answers | Post Answers |
