In Reply To :

GST PAID UNDER RCM

Claim in same month....

In Reply To :

ITC ON RCM

Yes you can claim in same month......

In Reply To :

submit before filling- GST Trans 1

Wait for some days........

In Reply To :

Can i apply for a loan to setup a new business?

Alternately, you may enrol yourself for entrepreneurship development program in MSME Centre of your area and undergo training. The MSME Centre will then forward your requirement to the Bank.

However, banks still have the last say

In Reply To :

guft

Agreed with K Srinivas

In Reply To :

Can i apply for a loan to setup a new business?

Yes, Banks insist on Current account history.

In Reply To :

Articleship

Google name to get same details.....

In Reply To :

Purchase return in gst regime

But, Sales account increased...
Without sales....

In Reply To :

Post office commission income

Yes you can........

In Reply To :

Hsn code for photocopying/spiral binding

Agreed with S.K.Mishra.

In Reply To :

Gstr3 filing with dsc is not happening.

Yes..... Technical deptt working hard on all matter We have to wait for some time.

In Reply To :

Ltcg

Based on the information provided by you, your long term capital gains is 150 lacs.

I assume that investment in capital gains bonds were made within 6 months from the date of transfer beyond which the exemption will not be allowed.

You have purchased a residential property worth Rs.120 lacs too which means no taxability on sale of the capital asset

In Reply To :

Gstr3 filing with dsc is not happening.

Yes..... Technical department is working hard on all matters Please wait for sometime.

In Reply To :

Purchase return in gst regime

OK?
Let me take me take an example,
Assume we have purchase the goods of 100 now we want return the goods of 50
Case 1) if we return the goods by credit note than purchase value become reduce Hence in this case if we look GP
Purchase 100. Sale 00
Less 50
Net purchase 50. Closing stock 50
Hence GP 00

Case 2)
Assume we have issued the tax invoice of 50 than Trading a/c will be
Purchase 100. Sale 50
Closing stock 50
Hence GP will remain the same 00

Pls correct me if I'm wrong

Calculation of interest on late payment of gst tax

Please let me know the calculation of how to calculate interest on late payment of gst tax..?? Per Day basis or Monthly Basis.