Ques: A director of private Limited Company had resigned from the company in December 2019 but by mistake it was not updated in GST portal till now. What is the penalty for it?

Ans: If he is managing director or authorised signatory then a penalty of 25k will be there, else not required

Ques: A Private Limited Company guaranteed the loan amount of another Pvt. Ltd. Company by providing its land as a collateral security to Bank.
In this case the loan amount is Rs. 20 Crore & land value is Rs. 5 Crore. Is this being a case of corporate guarantee? If yes, value of corporate guarantee will be calculated by 1% of Rs. 20 Crore or Rs. 5 Crore?

Ans: Yes it’s corporate guarantee and value will be based on loan amount

Ques: DEAR SIR I WANT TO KNOW HOW TO DEAL WITH IF ANY HEAD OFFICE GENERATED ISD INVOICE TO BRANCH BUT NOT UPLOADED ON PORTAL IN F.Y 2018-19

Ans: Since it’s inter-office credit should not be denied on precedural lapse. You may litigate for claiming that