Sir, I am a YouTuber based in Ahmedabad. I have a channel on YouTube where I make videos on various topics. I also have a blog where I write articles. I have monetized the channel and blog with Google Adsense.i expect my annual earning in FY 2023-24 from AdSense to exceed Rs 20 Lakhs. All income is received from Singapore. The income is offered to income-tax under the head "business profits". I read an article in Tax Guru that as the AdSense income is received from Singapore, it constitutes "export of services" and is not liable for payment of GST.…
► Read Answer
what will be the GST amount Chargeable on the amount of Corporate Guarantee in case of newly opened Subsidiary Company?
► Read Answer
A person is registered under GST Act falling under the jurisdiction of Central Tax Officer. Business of the registered person has been inspected u/s 67 (1) of the SGST Act by the State Tax Officer, the goods has been seized and the proceedings has been further initiated u/s 74. Is the action by State Tax Officer legal? Do the State Tax Officer have authority to inspect as well as initiate a proceeding in the matter of a registered person falling under the jurisdiction of Central tax Officer?
► Read Answer
Sir, in our case supplier is not filed by GSTR-1 in time for the financial year 2020-21 but buyer clime the GST ITC based on tax invoice, the same point is raised department issued a notice required a clarification of excess declared GST ITC between the GSTR-3B vs GSTR-2B . The above difference GST ITC is payable complosory ? if any judgement declared by courts please forward judgement
► Read Answer
Sir, In case of vehicle sales by the automobile dealers, they issue some discounts to the customers by way of a credit note after issuing the initial invoice. Whether these discounts can be reduced for the purposes of determining taxable value as per section 15 of CGST Act, 2017 as it is a post sale transaction? Please clarify.
► Read Answer
Section 16(4) of CGST Act Prescribes time limit for claiming the ITC. Many matters have gone to High court challenging the constitutional validity of this sub section.Bombay High have also admited such matters. Few of them are - DN wind System (I) pvt Ltd WPST /27887/2022 and Meta Tiles Pvt Ltd and otheres WPT 12338(original) 2021. The Business Audit for the period 2017-18 and 2018-2019 has been taken up by depatment wherein they propose to disallow the above crdit. As matter is pending in various courts, can assessee reqest for keeping the proceedding in abyance till matter is decided? Please…
► Read Answer
Hi, We have claimed GST Refund for FY 2017-18 in January 2020. Refund got processed. However during the GST Audit, officer is claiming to reject the refund and claim back amount. Is there any case laws to support the refund claim, providing mere delay in claim subject to meeting other refund claims should not be reason for rejecting refund. Thank you in advance. Look forward to hear from you at the earliest.
► Read Answer
What are the implications under GST if a partner of a firm receives stock in trade/raw material/ finished goods/ work in progress from the firm? Similarly, what are the implications under GST if a partner of a firm receives Capital Assets from the Firm?
► Read Answer
The dispute of extra area work was finally setteled throu arbitration award pertaning to pre GST period , now. Some compensation and interest was awarded by Arbitrator. On this GST is payable or VAT/ Service Tax/ excise is payable under old regim. ? It seems that this amount received is not covered by section 142(2)(a) as price of good or services are not revised upward . But dispute of extra area work is now settled. If VAT /service tax/ Excise is payabe, how to pay same as Return of those period cannot be filed now On above Interst income tax…
► Read Answer
Is GST applicable on Google Adsense income?