Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 1821–1840
| Que. Id | Date | Description |
|---|---|---|
| 18519 |
Aug. 02 2017 |
GST ON BRANDED CEREALS –
(GST)
What is the GST rate on intra state trading of branded cereals. What is the effect of Corringendum dated 28.07.2017 to Notification No.12017 Central Tax BY: ATUL MUKUNDLAL TOSHNIWAL No answers yet View Answers | Post Answers |
| 18520 |
Aug. 02 2017 |
AMC - works contract –
(Service Tax)
Service tax doubt I noticed ome AMC bill in which contractor has shown only service tax portion amount and has followed 2A of service tax valuation rules. My question is can he show only service tax portion and without mentioning materials utilised in completion of service? Generally i have seen bills which include both Vat and Service tax. However in this bill the contractor is just charging Service tax Which is Bill amount*70*15. Is this correct? BY: Kamreen Fatma No answers yet View Answers | Post Answers |
| 18522 |
Aug. 02 2017 |
GST Migration –
(GST)
One of my clients migrated to GST. Login credentials and GSTIN number is also received by the client. But when he want to download his provisional registration certificate in ViewDownload Certificates, it is showing that No records found Consequently he is unable to download his provisional registration. But he badly needs his registration certificate. Kindly tell me how to resolve the issue?? BY: CA MNS Karthik Reddy No answers yet View Answers | Post Answers |
| 18523 |
Aug. 02 2017 |
ITC on RCM –
(GST)
Can we avail ITC on RCM cases in the same month of Payment or in the subsequent month of payment on discharge of liability under RCM? BY: CA. VAMSI KRISHNA NAGASARAPU No answers yet View Answers | Post Answers |
| 18525 |
Aug. 02 2017 |
OBLIGATION AS PER AS 29 –
(AUDIT)
The company pays SAD us 3(5) of Customs Tariff Act, during the import which is refundable by Customs authority upon satisfaction of certain conditions. The Co. accounts the amt. paid as Receivable from customs. Based on the past experience, the company has provided provision to the extent of 10 of the receivable amt. The company is very sure of fulfilling the other conditions and has not provided any provision for the balance amt. Should the balance amt. be disclosed as Contingent liability (CL)?But there should be a possible obligation on the Co. to disclose it as a CL. As the amount of SAD is already paid even if the company doesnt satisfies the conditions, there will be no outflow of any economic resources. However, the company has to charge the Receivable amt in the Bs to the PL. Does taking the hit to PL without any outflow of resources be called as Obligation and hence disclose it as CL?? BY: AVINASH GARIGANTI No answers yet View Answers | Post Answers |
| 18526 |
Aug. 02 2017 |
Registration of Agent –
(GST)
Agent is only doing business on behalf of principal without taking or delivering goods. Whether that agent is liable to register even though his commission is less than RS.20 lakh BY: ATUL MUKUNDLAL TOSHNIWAL No answers yet View Answers | Post Answers |
| 18516 |
Aug. 01 2017 |
Reimbursement of expenses incurred at out side india –
(GST)
Sir when our marketing people are going abroad for sales promotion and they are incurring expenses subsequently when it will be reimbursed to them by the company. my question should i pay IGST or not. BY: Ganapati Hegde No answers yet View Answers | Post Answers |
| 18514 |
Jul. 31 2017 |
Receipt of goods and services from unregistered person in other state –
(GST)
1. Marketing team of a business entity often visits other states. During their stay receives goods and also services from unregistered persons in the other states. Assuming it exceeds Rs.5000 per day , how does the head quarters in another state pay SGST applicable in the other state where goods or services are consumed. 2. On a particular day the head quarter would have incurred Rs3000 towards inwards from unregistered persons. After the return of marketing staff from tour, H.O may have to add similar expenses of marketing staff on the relevant day, to arive at threshold limitof 5000. BY: Ethirajan No answers yet View Answers | Post Answers |
| 18515 |
Jul. 31 2017 |
Registration –
(GST)
After issuance of ARN, SCN has been sent by Tax authorities and proper explanation is also provided. After some time, a message has sent saying that Mismatch during PAN Validation but the PAN details are correct because of that only TRN and ARN is generated.Kindly tell me how to resolve the issue?? And in some cases, before TRN only, it is showing that PAN does not exist despite PAN details are correct and in operation. How to resolve the same?? BY: CA MNS Karthik Reddy No answers yet View Answers | Post Answers |
| 18510 |
Jul. 30 2017 |
Registration for two verticles –
(GST)
A textile trader who is earning commission also wants to get registered under One GST for trade as well as broker service. Whether he will have to file seperate return for business as well as service or same proforma will take care. BY: Mahesh Kumar No answers yet View Answers | Post Answers |
| 18505 |
Jul. 28 2017 |
JOB WORK PROCEDURE –
(GST)
As per section 143(1) on job work - "A registered person (hereafter in this section referred to as the “principal”) may under intimation and subject to such conditions as may be prescribed ......." To whom intimation has to be sent? What are the prescribed conditions? BY: MOHIT KUMAR JAIN No answers yet View Answers | Post Answers |
| 18496 |
Jul. 27 2017 |
Inheritance of property –
(DIRECT TAXES)
If the is Inheritance of property (like land gold) than how to show in income tax return as well as book of accounts which amount is to be taken for example gold is not show in books of account of father than which amount is to be taken why. BY: CA Gopal Rathi No answers yet View Answers | Post Answers |
| 18497 |
Jul. 27 2017 |
MCX Commodity transaction –
(AUDIT)
How to account for MCX transaction what will be the turnover. It is done on Mark to margin or sales purchase but the data of sales purchase not readily available. BY: CA Gopal Rathi No answers yet View Answers | Post Answers |
| 18499 |
Jul. 27 2017 |
ITC on freight for outward supply to customer –
(GST)
Dear Sir, Could you please clarify whether Input tax credit is available on freight (GTA) for outward supply to customer under GST regime. BY: ABIR GHOSH No answers yet View Answers | Post Answers |
| 18501 |
Jul. 27 2017 |
APPLICABILITY OF GST ON DIRECTOR REMUNERATION AS WELL AS PARTNER REMUNERATION –
(GST)
Is any company or partnership firm have to pay gst on reverse charge basis for the expenses of "Director Remuneration or salary Paid to Executive Director of company and Partner Remuneration or salary paid to working partner of firm" BY: AJITKUMAR L PATEL No answers yet View Answers | Post Answers |
| 18502 |
Jul. 27 2017 |
After completion of job work-treated as a supply of goods –
(GST)
registered "A" ltd sending goods for Assembly under job work challan (Sec 143 of CGST Act) to register job worker. Job worker will procure and add some materials at their end for Assembly. After completion of Job work, Job worker will raise invoice by using relevant HSN Code "treated as a supply of goods" ( if Material is pre-dominant) or relevant SAC Code ( If service is pre-dominant). Job worker declare, it as Job work in their GST returns and will not be included as their Turnover. In this scenario, whether job worker is advisable to raise invoice by using relevant materials HSN code as on supply of like goods for paying GST ? BY: CA. BALASUBRAMANIAM P No answers yet View Answers | Post Answers |
| 18495 |
Jul. 26 2017 |
Purchase Return –
(GST)
In case of purchase returns, can we send material to supplier on Delivery Challan. On receipt of goods, he may issue a credit note? BY: Adarsh No answers yet View Answers | Post Answers |
| 18492 |
Jul. 25 2017 |
Common ITC C3 eligible for credit –
(GST)
Under Rule 42(1)(k) the remainder of common credit C3 is eligible input tax credit computed as common ITC (C2) less ITC therefrom on exempt supply (D1) and ITC therefrom non business (D2). When D1 and D2 are required to be reduce, where is the question of same being again added to output tax liability under Rule 42(1)(m)? I am not able to follow this and shall be grateful for clarification. BY: Gopal Krishna Sureka No answers yet View Answers | Post Answers |
| 18494 |
Jul. 25 2017 |
GST in case of Ex-work –
(GST)
sir if we look at Sec.10(1)(a)of IGST Act says where the supply involves movement of goods, whether by the supplier or the recipient or by any other person, the place of supply of such goods shall be the location of the goods at the time at which the movement of goods terminates for delivery to the recipient, in view of above provision of the law in case of Ex works what will be the place of supply? BY: Ganapati Hegde No answers yet View Answers | Post Answers |
| 18476 |
Jul. 23 2017 |
Liability for registration under RCM –
(GST)
If a dealer having turnover less than 20 lacs and pays freight, will he is liable for registration being liable to pay RCM 9(3). BY: ABHISHEK MITTAL No answers yet View Answers | Post Answers |
