Nitesh Umate
08 August 2017 at 13:18
Can Catering service provider opt composition scheme under GST because he is also supplier of food?
akash agrawal
08 August 2017 at 11:54
helo sir, i am a b.com graduate from dr. bhim rao ambedkar university. now at present working as accounting pratiser..sir i want to become a lawyer in the field of taxation and to do my own practise..but sir i can't leave my job so suggest me some alternatives so i can get a degree of taxation lawyer..
venkat b.
07 August 2017 at 14:56
sir,
I sold off my parental property and want to know whether I can utilise the funds till I buy another house. And also please tell me whether I can reduce my capital gains by claiming the payment made to the bank where my fathers property was under loan. I had cleared the loan alongwith my brother after the demise of my father. regards.
NARENDRAN C
06 August 2017 at 14:40
Dear Experts,
I had paid brokerage of 2.25 lakhs by cheque to an indivigual broker for House sold . The broker did not issued any invoice. I want to deduct brokerage on Long term capital gain. As evidence for IT purposes, can i make a reciept format and get it signed from the broker in a plain paper?. please guide me to make proof for this payment. Thanks in advance.
JIGYASU: Legal Analyst
01 August 2017 at 12:36
The Income Tax Department has issued Press Release on 31.07.2017 that for the purpose of e-filing return, it would be sufficient as of now to quote Aadhaar or acknowledgement No. for having applied for Aadhaar in e-filing website. The actual linking of PAN with Aadhaar can be done subsequently, but any time before 31st August, 2017.
It has however, been made clear that the returns will not be processed until the linkage of Aadhaar with PAN is done.
JIGYASU: Legal Analyst
01 August 2017 at 12:32
Date of e-filing of Tax return has been extended up to 05.08.2017, as per the press release from the Government of India. Link posted below:
http://www.incometaxindia.gov.in/Lists/Press%20Releases/Attachments/647/PressReleas_Extension-of-efiling-31-7-2017.pdf
PURUSOTTAM PANDA
31 July 2017 at 13:11
Respected Sir,
Distributor 'X' purchased goods from Company 'Y'. I received goods from 'X' and sold them to retailers. I deposit all cash collected on account of sales to 'X' in the evening. I got commission on the basis of my sales. My annual commission amounts to INR 87,600.00(approx.) though my daily average sales is INR 40,000.00 and consequently average annual sales comes to INR 1,46,00,000.00. Invoice is raised by 'X' on retailers. My name appears on the invoice as Sales agent.
Is it required to get me registered in GST Act? Whether I am a seller or Service Provider?
Please advise me.
DILIP KUMAR SEN
26 July 2017 at 16:13
My Company is purchasing agricultural Land from farmers. During registration it is found that Actual transaction value is lower than Circle value and is paid stamp duty on circlet value. Now my point is that the difference of transaction value and circle value will come under Income Tax from undisclosed source and will be taxed. This quite a fictitious assumption by Income Tax authority.
My question is that 1) How this draconian rule can be avoided ? 2) How I can prove my genuine transaction at present market rate ? 3) What precautions should I adopt to prove my genuine purchase and avoid Income Tax liability?
umesh HALKAR
25 July 2017 at 23:42
1. Wages which is to be paid to workers by contractor is included CGST.or Not
2.The overhead charges and Profit of contractor is to be paid by Employer should be calculated with GST or not.
3.During consideration of work contracts or payment to contractor whether GST to be included for Wages of Mandays and Overhead and Profit of contractor exclusively.. or Overall onetime GST to be calculated for Material supplied and manpower by Contractor.
Regards
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Purchase APMC
Dear Sir/Madam
Please Resolve my Query
Situation-
Farmer�s Agriculture commodity sale on auction in Anaj Mandi (APMC) Haryana by Commission Agent (Kachha Adatiya) to other trader issue Form-J to farmer and Form-I to buyer as per Haryana Agriculture Mandi (APMC) Rules.
Questions-
1. Should Commission Agent (Kachha Adatiya) need to issue Tax Invoice to Buyer of Agriculture commodity on auction in addition to Form-I. (Form-I is equivalent to Sales Bill is it sufficient because in Vat Regime these was no need of issue additional Tax invoice)
2. Form-J issue to Farmer on Sale of his Agriculture Commodity on Auction and Commission Agent (Kachha Adatiya) does not take this into his Stock. Is this Purchase need to take/show into GST Returns.(because this purchase was not eligble to include/show VAT returns in Vat Regime)
Thanks
Ajay Garg