Rajendra Prasad Profile

Rajendra Prasad

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50 Questions
46 Answers

My Self CA K Rajendra Prasad , Practicing Chartered Accountant from Ongole. Partner of Kurapati Subba Rao and Co , Ongole. Having 20 Years experience in Direct and Indirect Taxation. Specialized in project Finance , GST , Corporate Taxation , Tax Audits , Appeals etc.

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Issue Id: 116633

Sale of Old Machinery

Dear Sir,I am owning a Factory. The product is exempt under VAT Act and GST Act.I have set up this unit 10 years back. No ITC was taken either in the ... Read Full Issue

Asked by Rajendra prasad

19 Aug 2020

8 Replies

13523 Views

Issue Id: 116226

Clarification on refunds under exports without payment of tax

Total sales value of exports without payment of tax under LUT-10Cr Out of the above 5Cr value of exports(We recd goods from 0.1% sales under ... Read Full Issue

Asked by Rajendra prasad

22 Apr 2020

2 Replies

1299 Views

Issue Id: 116163

Inverted Duty Structure on Tractors Assembly

Dear Sir,I am a tractor manufacturer. I purchase various parts and engine by paying itc at 18%. But tractor is taxable at 12%.Can I accumulate and ... Read Full Issue

Asked by Rajendra prasad

20 Mar 2020

5 Replies

2870 Views

Issue Id: 116153

Sale of shares whether to be shown in turnover or not???

Asked by Rajendra prasad

18 Mar 2020

6 Replies

13037 Views

Issue Id: 116152

Sale of flats under GST whether to be shown in Turnover.He is also doing sale of taxable supplies.

Sale of flats under GST whether to be shown in Turnover .He is also doing sale of taxable supplies also.

Asked by Rajendra prasad

18 Mar 2020

3 Replies

6940 Views

Issue Id: 116151

Insurance Commission Received whether taxable or not under GST?? He is also doing sale of taxable supplies.

Sir Insurance commission received whether taxable under GST or not???? He is also doing sale of taxable supplies...

Asked by Rajendra prasad

18 Mar 2020

4 Replies

25673 Views

Issue Id: 116149

GST on Shed Lease to Schools

Dear Sir,What is the GST Rate on Shed Lease to SchoolsWhat is the GST Rate on Vacant Land Lease to School

Asked by Rajendra prasad

17 Mar 2020

2 Replies

1142 Views

Issue Id: 116148

GST on Sale of MEIS

Dear SirWhat is the GST Rate on Sale of MEIS (Export Scripts)

Asked by Rajendra prasad

17 Mar 2020

3 Replies

1766 Views

Issue Id: 116142

GST on renting Residential Property

Sir, ABC Pvt. Ltd. has leased out it's residential quarters to XYZ firm. XYZ firm is using those residential quarters for residential status of ... Read Full Issue

Asked by Rajendra prasad

16 Mar 2020

1 Reply

907 Views

Issue Id: 115874

Credit notes

i have credit notes in gstr 2a. Normally in 3B return it is deducted & and net input is claimed. But my case credit notes not considered. what ... Read Full Issue

Asked by Rajendra prasad

09 Jan 2020

1 Reply

790 Views

Issue Id: 115780

GST impact on Discounts

Discount Received in credit side of the P&L a/c, How to shown in GSTR-9 & 9C ? is there any effect on un reconciled Revenue in GSTR-9C for ... Read Full Issue

Asked by Rajendra prasad

16 Dec 2019

1 Reply

1451 Views

Issue Id: 115667

RCM on AMC (Agricultural Market Cess)

Dear Sir,Whether RCM is applicable on AMC (Agricultural Market Committee Cess) paid to Agricultural Market Committee towards purchase of Agricultural ... Read Full Issue

Asked by Rajendra prasad

14 Nov 2019

1 Reply

8315 Views

Issue Id: 115626

RCM on Granite Mining Royalty

Dear Sir,What is the RCM Rate on Granite Mining Royalty.Please clarify.

Asked by Rajendra prasad

06 Nov 2019

3 Replies

2430 Views

Issue Id: 115625

Final Return for GST Cancellation of Composition Person

Dear Sir, For regular GSTIN holder GSTR 10 is to be filed as final return after cancellation. For Composition GSTIN holders any such return as ... Read Full Issue

Asked by Rajendra prasad

06 Nov 2019

0 Replies

620 Views

Issue Id: 115614

Salary / HRA of State Minister

Dear Sir From some of the articles , I got that Minister salary is taxable under Salaries Head where as MLA Salary is taxable under Other Sources. ... Read Full Issue

Asked by Rajendra prasad

30 Oct 2019

5 Replies

1245 Views

Issue Id: 115613

Salary of MLA/ State Minister

Dear Sir,Salary of MLA is taxable under which headSalary of State Minister is taxable under which headPlease clarify.

Asked by Rajendra prasad

30 Oct 2019

1 Reply

997 Views

Issue Id: 115607

Regular GSTIN to SEZ GSTIN

Dear Sir,I am setting up a SEZ Unit. I do not get the approvals. Hence I have applied the registration as Regular Tax Payer. From the date of ... Read Full Issue

Asked by Rajendra prasad

29 Oct 2019

1 Reply

1914 Views

Issue Id: 115605

Business Closed - Let out of Godowns - House Property or Business

ABC is a Small Private Limited Company.After carrying manufacturing activity for 20 years business was discontinued in FY 2017-18.The Factory was ... Read Full Issue

Asked by Rajendra prasad

28 Oct 2019

0 Replies

690 Views

Issue Id: 115602

Whether Sweet Shop Comes under Restaurant

Dear Sir,Whether Sweet Shop Comes under Restaurant Service.Please inform the HSN code for Sweet Shop with Dining and Sweet Shop Without Dining.Please ... Read Full Issue

Asked by Rajendra prasad

28 Oct 2019

3 Replies

5533 Views

Issue Id: 115600

Turnover as per GSTR9C

Dear Sir, I am filing 9C. I was required to show turnover as per books. My Taxable Sales shown in P & L is ₹ 205 Lacs ( Shown in ... Read Full Issue

Asked by Rajendra prasad

27 Oct 2019

1 Reply

1364 Views

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46 Replies on 41 Issues

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Issue Id: 116783

Belated payment of RCM

Dear Experts, Shall take ITC for belated payment of RCM on ocean freight pertains 2018-19?Now paid in 10th. October 2020? Is it hit by time limit ... Read Full Issue

Asked by Muthukumar muthunarasimhan

11 Oct 2020

1 Reply

11643 Views

Issue Id: 116629

GST on Electricity charges

XYZ is a commercial Cooperative Society & has one electricity connection and hence one bill from BEST for the whole building. Individual members ... Read Full Issue

Asked by Kaustubh karandikar

18 Aug 2020

1 Reply

4517 Views

Issue Id: 115784

GSTR-9C CERTIFICATION FORM 1 VS FORM 2

If a Partnership Firm crossing turnover of more than 2 crores and got it books audited under INCOME TAX ACT and GST Auditor for the firm is the same ... Read Full Issue

Asked by Vemula chandrasekhar

17 Dec 2019

1 Reply

1546 Views

Issue Id: 115783

RCM ITC availability of FY 17-18

Whether we can avail ITC on RCM for FY 17-18 in 3B of Nov 19 before filing GSTR 9 ??

Asked by Ashiesh prremji

17 Dec 2019

2 Replies

5267 Views

Issue Id: 115782

Presumptive Tax

An assessee owns 8 Lorries. He files tax return offering net income of 7,20,000 (90000*8) under section 44AE of IT Act. He does not maintain books ... Read Full Issue

Asked by Ethirajan parthasarathy

16 Dec 2019

1 Reply

1234 Views

Issue Id: 115779

OBTAIN SEPARATE GST REGISTRATION EACH STATE

Dear sirWe supply the Manpower service within Maharashtra & the same obtained GST registration in Maharashtra, but now we have got new contract ... Read Full Issue

Asked by Ganesh tiparadi

14 Dec 2019

1 Reply

1356 Views

Issue Id: 115777

Reporting the export turnover in GSTR9 and 9C

Sir, One of my client has made service exports during 2017-18 and 2018-19 without payment of GST and without taking any LUT. The same is shown in ... Read Full Issue

Asked by Satyaprasad kolluru

13 Dec 2019

1 Reply

4289 Views

Issue Id: 115775

GSTR 9C UNDER GST ACT

Sir foreign exchange gain or loss not taxable under CGST ACT RULES 34 It means it is not a part of sales why it will be added or deducted in GSTR ... Read Full Issue

Asked by Ashish singla

13 Dec 2019

1 Reply

5801 Views

Issue Id: 115774

EXPORT REFUND UNDER GST

Dear Sir,One of my client has ITC balance of ₹ 27,00,000/- . Export sales of ₹ 1,06,000/- and total adjusted turnover for the respective ... Read Full Issue

Asked by Thyagarajan kalyanasundaram

13 Dec 2019

1 Reply

2137 Views

Issue Id: 115773

Shipping bill is not available in EDPMS

After export to Nepal , relevant documents submitted at our bank.Now the got a mail from my bank that document are on hold as shipping bill is not ... Read Full Issue

Asked by Sushant das

12 Dec 2019

1 Reply

7397 Views

Issue Id: 115771

Refund of input tax availability of refund to the successor company

The firm X has transferred its business as a whole to company Y. The firm is exporter of services and has unutilised input tax credit (GST input) ... Read Full Issue

Asked by Umesh marike

12 Dec 2019

1 Reply

1268 Views

Issue Id: 115770

Query Regarding Reversal of ITC on Capital Goods if business is closed within 5 years of Purchase of Capital Goods.

Hello Dear Sir / Madam,My query is I had recently purchased a machinery for business purpose and availed ITC worth ₹ 28000. But now after 11 ... Read Full Issue

Asked by Manish mata

12 Dec 2019

1 Reply

2110 Views

Issue Id: 115767

GSTR 9 B2C

2017 B2C TRANSACTION HAS BEEN CONVERTED INTO B2B TRANSACTIONS IN DEC 2018 HOW THIS TRANSACTION SHOULD BE SHOWN IN GSTR 9

Asked by Nishant mandelia

11 Dec 2019

1 Reply

2145 Views

Issue Id: 115765

Time limit for issuing debit note under GST

Sir, what is the time limit under GST for issuing debit note with GST ?Can i issue debit note related to 2017-18 today.

Asked by Karan verma

11 Dec 2019

1 Reply

5188 Views

Issue Id: 115764

TDS Mismatch

A professional who follows mercantile system of accounting raises a bill to one of his client for ₹ 2,00,000/- in the month of Mar’19. ... Read Full Issue

Asked by Ethirajan parthasarathy

11 Dec 2019

1 Reply

1168 Views

Issue Id: 115753

Refund of ITC on export of liquor

Dear Sir, i am exporting liquor which is Non GST goods. Now, Govt. has issued circular dated 18-11-2019 no. 125/44/2019 that if assessee export ... Read Full Issue

Asked by Karan verma

08 Dec 2019

1 Reply

5635 Views

Issue Id: 115752

Paying excess IGST

Sir , please inform what will be consequences when an exporter paying IGST on his goods on export @12% instead of 5% and taking IGST refund from ... Read Full Issue

Asked by Rajesh kumar

08 Dec 2019

1 Reply

1746 Views

Issue Id: 115750

PLACE OF SUPPLY FOR SERVICE

Pure Labour job performed in Maharashtra for clients material received in Maharashtra an after finishing job work sent back in Maharashtra. However, ... Read Full Issue

Asked by Yuwraj kothari

06 Dec 2019

1 Reply

2485 Views

Issue Id: 115744

WRONG GST NO STATED IN GSTR 1 AND GSTR 9 IS FILED

WE HAVE FILED GSTR 9 FOR 2017-18 OF ONE CLIENT BUT GST NO OF ONE PARTY IS WRONG IN ALL GSTR 1 FILED FOR 2017-18 AND GSTR 9C FOR THAT CLIENT IS ... Read Full Issue

Asked by Richa goyal

05 Dec 2019

1 Reply

4962 Views

Issue Id: 115743

ERROR IN UPLOADING GSTR 9C

WE ARE UPLOADING GSTR 9C JASON BUT IT IS PROCESSED WITH ERROR AND WHEN WE GENERATE ERROR REPORT, IT SHOWS NO RECORDS IN ERROR REPORT WHAT SHOULD ... Read Full Issue

Asked by Richa goyal

05 Dec 2019

1 Reply

4343 Views

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Rajendra Prasad

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Kurapati Subba Rao and Co

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October 2019

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