Dear Sir,

In reference to your query, please note that interest on loan is an exempt supply and no GST would be chargeable on that.
However any associated charges levied would be the subject matter of GST. In your case, if any foreclosure charges are levied, then GST may be charged on the same.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.
+91 983 654 3836

Dear Sir,

In reference to your query, when you proceed to file the return, then an option is provide to compute, set-off and pay liabilities, from where you can adjust your tax as per your desire.

In case you wish to discharge the same vide cash, then you need to post details accordingly. If the balance is available in your cash ledger, it will be set-off else a challan will be created for payment,

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.
+91 983 654 3836

Hello,
Income of minor is clubbed with the income of that parent whose income (excluding minor's income) is higher, for income tax provisions.
Minors have no capacity to contract and therefore the guardian of the minor can issue invoice and make compliances.

Regards,
CA Hunny Badlani
Badlani & Associates
https://goo.gl/maps/CHA32shfXavRgdLr5

Hi,

I concur with CA Hunny's views, but there is a major digression.

Clubbing applies in case of passive incomes only.
When a child earns an income by way of any work or from an activity for which he uses special talent or knowledge, the minor is required to file an income tax return.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka
98365 43836

Therefore, in this case Ms. Shubha, you need to apply for PAN of your child and issue the invoice in his name itself.

Dear Shivam,
GST on computer is allowable so you avail ITC on that. However to avail ITC certain other condition needs to be fulfilled like amount expended should be for the furtherance of business.
For further assistance you can reach me at ca.rahuldwivedi@gmail.com or 9004485377

Dear Shivam,

There is no distinction between goods and assets in so far as claiming ITC is concerned, save to the extent in case of disposal.
Therefore, in your case you can easily claim ITC on the said purchases.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.
+91 98365 43836

I don't think there is any issue in getting GST credit for capital asset if it's used for business purposes and you are not into a kind of business where credit is not allowed.

For more you can book consultation at: https://www.taxontips.com/gst-consultation/

Yes, your registration can be revoke. For it you are required to file revocation application.

Dear Chirag,

You have to apply for revocation of cancellation of registration.
Please note the ministry has provided a condonation time for such application which expires on 30th September.

It would be advisable to do the needful within this time.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.
+91 98365 43836

You can file revocation application for that.
For further assistance you can reach me at ca.rahuldwivedi@gmail.com or 9004485377

Dear Alok,

5% GST rate is applicable for footwear having a retail sale price up to Rs. 1000 per pair.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.
+91 98365 43836

Currently 5% GST rate is applicable on footwear below INR 1,000. However, the rates may rise basis the recommendation of recent GST council meeting to cope up with the issues of Inverted Duty Structure. For more information kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.

Dear Shubham JI,
Yes & No both situation can be possible in you case. To advise correctly required detailed discussion with you.
You can reach me at ca.rahuldwivedi@gmail.com or 9004485377 for further discussion.

Dear Shubham,

In reference to your query, in so far you trade in WB from your registered place in UP and raise invoices therefrom, there would not be any issues or loss of any taxation in your part.

However, should you choose to have an establishment in WB through which you propose to conduct your business, then taking registration is advisable so as to avoid any tax leakage.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.
+91 98365 43836

Dear Mr. Pal,
please check is it reflecting in your 2A/2B if answer is yes then you can claim else not.

yes.

Dear Shivnashu,

In reference to your query, in so far as the ITC is reflecting in your 2B you may claim the ITC.

Legal consequences, if any, would arise only if your file falls under departmental review and the said invoice is highlighted by the personnel. Otherwise, for small procedural errors, it is not a matter for concern.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.
+91 98365 43836

Thanks sir

Strictly speaking, in order to avail ITC the recipient must possess the Tax Invoice which should have been prepared by incorporating the particulars mentioned in Rule 46 of CGST Rules and it specifically requires Name of the recipient as well. In absence of it, the invoice becomes a defective invoice basis which ITC can easily be denied by the department. It is advisable to contact the vendor and get the Name incorporated in the invoice to avoid any litigation. For more information, kindly connect with us at deepakkucheria@gmail.com or +91-9911744028.

Dear Prakashji,

Based on your query, it is understood that your client is offering works contract services and he should therefore accordingly charge 18% GST.

Please advise in case of any other clarification.

Thanks & Regards,
CA Aditya Dhanuka.
+91 98365 43836