I am Insurance Surveyor. Annual turnover less than 20 lacs so in exemption limit. I am providing survey & Loss Assessment services in Gujarat State. But Policy issuing and fees paying insurance company may be of other state. Shall I have to register for and pay GST to Govt?
1.can gift deed executed on current period and gift was received in the year 2008-09 as cash from various relatives
Is it legal for the society/builder to ask for service tax on maintenance amount
15 year ago my friend had purchased a property of RS.10 lacs now at present his property value is 70 lacs Can he deposit the 70 lacs in his saving account and get the FD done of 70 lacs.
Should he take the 70 lacs in cash or cheque?
how much tax should he has to pay ?
and what if he purchase another property with the same price will he still have to pay tax?
Has he to open a some difference account ?
Is it legally viable to submit 15G/15H by 2nd persion of a fixed deposit when 1st person has died.If yes, what is the process of submission of 15g/15h.
Dear sir,
We runs works contract business (constructions).we were called Tenders BY ONE of the GOVT COMPANY - (1) ANDHRA PRADESH STATE HOUSING CORPORATION FOR Improvements/Modernaization of outdoor stadium at kurnool which comes in Andhra pradesh state.
AND
(2) ANDHRA PRADESH STATE POLICE HOUSING CORPORATION FOR Construction of Teaching Veterinary clinical complex at College of Veterinary science Poddutur Kadapa.Andhra pradesh state respectively.
As per the 25/2012 dated 20.06.2012 the above works will fall under this notification under clause of 12.
we had shown this turnover in 2015-2016 due to our method of accounting which we are following.
Now, Service tax authority wants to pinch us WITH imposing tax on these two projects SAYING THAT, THESE TWO ARE NOT EXEMPTED PROJECTS HENCE YOU ARE LIABLE TO PAY ACCORDINGLY AT@4.944%.
OTHER HAND WE ARE TRYING TO PROVE THAT, THIS IS PURELY STATE GOVT AND NON COMMERCIAL PROJECT WHICH WERE ALLOTTED BY ABOVE THE ABOVE SAID CORPORATIONS AND PURELY CONTROLLED BY STATE GOVTS.
BUT, ON THE OTHER HAND WE ARE IN CONVERSATION WITH THESE TWO DEPARTMENTS TO GET HOLD OF THE EXEMPTED TURNOVER DOCUMENTS PROOFS AND TYPE OF ESTABLISHMENTS DOCUMENT PROOFS TO SUBMIT TO SERVICE TAX AUTHORITY TO THEIR LEVEL OF SATISFACTORY.
THE PROCESS SEEMS TO TAKE LONG TIME TO GET RID OF THIS. IF ANY ONE COULD ADVICE US WHETHER THE ABOVE MENTIONED PROJECTS EXEMPTED OR NOT?
IF SO PROVIDE ME THE DOCUMENTARY LINK. THANK YOU.
Our parntership firms turnover is less than Rs 1 cr and net profit is less than 8%. If I do not avail sec 44AD can audit of accounts be avoided.
Is there any way to avoid audit of accounts. Since availing sec44AD is like pay more tax or audit accounts. Even Rs 10 lakhs turnover firm has to audit a/cs.
What has to be done if in Deemed assessment status of the assessee is "Record not found",however the same is in business from several years?
whether one has to go to the department for order or should be silent in this regard.
Regards.
Need to file revised return for A.Y.2016-17.
Gst
Whether Anti profiteering clause is applicable on MRP or on Invoiced price in B to B cases.