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Arfat Anis
I have GST registration in Uttar Pradesh. I want to import a construction material at Nhava Sheva Port, Maharashtra and supply it to a customer in Pune. A clearing and forwarding agent will clear the goods at the port on my behalf and transport it to my customer for an agreed amount. I will pay the IGST at the port on the value of the goods. I want to charge my customer 2 components separately which is cost of goods and delivery charges. I want to add my profit margin on the cost of the goods and collect GST on that from my customer. However I want to charge my customers a proportional amount separately without additional GST for the charge paid by me to the clearing and forwarding agent. Is this correct and allowed to invoice the customer is this way or not.
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Place of supply is important and GST will apply. You can recover and invoice with the statute apllied on it.
CA Raghavendra Raghuvanshi 14 Mar 2018charges paid to clearing and forwarding agent is also part of cost of goods delivery charges means freight paid for delivery of goods then you show seprately...
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Vsrmurthy Vendra Vendra
Can a tax consultant income be shown under 44ADA. It does not come under Sec 44AA. Can I show the income of a RMP DOCTOR who is not MBBS, income of homeopathy doctor, income of a purohith or private poojari under 44ADA. please clarify immediately.
Professionals who can make use of this section are from the legal, medical, engineering, architectural, accountancy, tech consultancy, and interior decoration
These may not have technical certificate so please examine.
Hello , professional services mentioned under the act is wide and not very specific it doesnt mention clearly the requirement of technical expertise.
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Sakshi Khandelwal
Can i link my Aadhar and pan if my Aadhar has my married name and pan card old name. Please advise
It depends what details are submitted when making the adhaar, IT site will ask you all the details and send to UIDAI for verification, its verified with matching details it will be linked irrespective of different name.
CA Amit S 13 Mar 2018You have to apply for change of name
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Harry Potter
I have a small query regarding TDS on property. I had booked a flat and paid the TDS as applicable. The flat is not yet registered. Now I want to buy another flat of same value in the same apartment complex instead of the booked one. In this case how the TDS already paid will be adjusted. And what I have to do.
If the seller is different, then you need to pay TDS on the entire amount of 2nd property. If the seller is same, you may pay on the differential amount. Thank You!
CA Rahul Agarwal 9 Mar 2018Hello Harry, This is buying a different property irrespective if it is in same apartment. TDS will not be adjusted you need to pay separately. For more details you can book an appointment with me on Finaco.
CA Amit S 13 Mar 2018no you have to claim in the return
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Alok Rai
A PVT COMPANY IS GOING IN FOR A REVERSE MERGER WITH A LISTED COMPANY. THE SHARES OF THE PVT COMPANY ARE PLEDGED TOA BANK. HOWVER ALL THE ASSETS OF OF THAT COMPANY ARE ALSO MORTGAGED WITH THE BANK. I NEED TO KNOW THAT IF THE ASSETS OF THE COMPNAY CONTINUE BEING MORTGAGED WITH THE BANK AND THE SHARES PLEDGED ARE RELEASED BY THE BANK, WILL IT RESULT IN ANY KIND OF DILUTION IN SECURITY CHARGED TO THE BANK. BECAUSE I AM ASSUMING THAT WHEN THE ASSETS ARE COMPLETELY CHARGED O BANK THEN THE SHARES DONOT HOLD ANY VALUE. . NEED CLARITY
