MeraFunds

Retirement is an important life events and appropriate financial planning is essential for an stress-free retirement. Majority of people would start paying attention to retirement planning on the verge of retirement. This could be a very costly mistake as insufficient wealth at retirement will lower the quality of retirement life. Key benefits of early investing for retirement 1.         Power of Compounding “compound Interest is the Eight wonder of the World. He who understands it, Earns it & He who doesn’t, pays it”                                                                       ...

Q.1 We have filed online refund and ARN received and what is the next course? Ans: Please submit the print out of RFD-01A with ARN before the jurisdictional authority for processing of refunds. Refer to Circular No. 17/17/2017-GST dated 15th November 2017. Q.2 Are supplies to SEZs to be chargeable to IGST? Ans: Yes, supplies to SEZs are chargeable under IGST Act. However, supplies can also be made without payment of integrated tax under bond or LUT. Q.3 Even after one week our refund application is not assigned to any officer. What to do ? Ans: Please submit the print out of RFD-01A with ARN before the jurisdictional authority for processing of refunds. Q.4 Can the GST paid under RCM claimed as input credit by composition dealers? Ans: No, input tax credit cannot be availed by the composition dealers. Q.5 Can I take mobile GST Input Tax Credit if I purchase mobile in the name of firm Ans: Credit will not be available if goods or services are used for personal consumption,...