Anonymous
04 February 2018 at 11:15
dear sir,
My query regarding TRNS2.ITC
That we have filled TRANS1 with closing stock about 200 mt (5 items-HSN/goods) within the due date,
“As the rule prescribe to ensure that all the HSN/goods are declared in TRAN 2, in the opening balance in the month of July, 2017, irrespective of the fact that these have been sold or not in the first i.e. July, 2017 tax period.”
By mistake at the time of filling TRNS2 for july17 out of five items HSN/goods (200mt) only one item 50 mt HSN/goods that was sold during the month of july was taken as opening bal and rest four items HSN/goods was not shown in op bal in the month of july, which was sold during the period july17 to Dec17
So please suggest the way how claiming ITC on the remaining 4 items HSN/goods that was also sold during july to dec.
KD
02 February 2018 at 15:43
Compensation paid for damages caused to premises by the tenant. Does it fall under income?
Anonymous
01 February 2018 at 15:23
I am running a garment factory exporting garments to US and Europe. I buy materials after paying GST. Being an exporter I get duty drawback benefit only. I have rental income for which I collect GST from my tenant. Should I pay the GST collected to the Govt or can I adjust the same against the input credit. I have only once GST number for both activities.Please give your valuable advise. Thanks
T.N.REDDY
27 January 2018 at 15:23
Dear Sir,
Tran-2 is to be filed only in the case where deemed credit is asked for in Tran1, but not for the credit that is asked through the excise invoices, in trans-1. Whether my understanding is correct ?
T.N.REDDY
27 January 2018 at 15:20
Dear Sir,
Now, Govt. of India has made mandatory that every assessee should link his/her PAN with AAdhaar. But NRI's does not possess the Aadhaar, in that case, what to do ?. Whether Govt.Of India, has prescribed any other procedure for such category of assessee's
T.N.REDDY
27 January 2018 at 15:16
Dear Sir,
We have deducted the TDS from the foreign entity which does not have the PAN. Now, we have to file the eTDS returns, but without PAN of the deductee, we can not file the eTDS returns, hence kindly let us know as to is there any other procedure laid down under the Act, in this regard.
RAVI SONI
27 January 2018 at 14:06
As per New Valuation Guidelines (New Rule 11UAA) applicable on and from 01.04.2017, valuation of unquoted equity shares as on valuation date would be done following new formulae i.e (A+B+C+D-L)*(PV)/(PE).
The term “C” under above formulae is for valuation of Shares and securities, wherein it is provided under the guideline that FMV of Unquoted shares held by the company shall again be valued following the same above formulae.
Now the question arises whether is it practically possible to calculate value of unquoted shares (unquoted shares subject to sale) of a company which has invested in suppose 10 other private limited companies and those 10 pvt. Ltd. companies have invested in further another 10 pvt. Ltd. companies and this goes on???
Kindly give me some advice on this.
SUDHIR CHANDRA THAKUR
26 January 2018 at 22:42
Resp.experts,Namaskar.
My brother wants to cash gift of Rs 1,50,000.from his saving for construction of my house..how i prepare the legal document.Is there any limit for cash gift by the blood relatives. Is there any requirement for my brother to mention at his IT return or not.
SUDHIR CHANDRA THAKUR
26 January 2018 at 22:29
My brother wants to cash gift of Rs 1,50,000 by cash for construction of my house.how can i prepare the legal document for that
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Declaration c form under cst issued by kerala dealer
One of my client has sold goods to dealer from Maharashtra Kerala in FY 2013 - 14 against Form C. However, the C Form received from the kerala customer is on monthly basis instead of quarterly. Is there any circular in kerala allowing to issue Forms on monthly basis as against quarterly.
Thanks,
Aditya Falor