A Sale Bill has 2 type of material 18% and 5% GST rate ...how to show this in GSTR1 B2B Format? If i will show invoice 2times one time with 18% and 2nd one with 5% type material..then portal will accept it?
Thank you, sir, will convey the same to the CHA. But sir, what about the transactions done till now, can the exporter claim ITC based on valid invoices charged with GST @18%?
Thanks for the guidance. Please also guide as to the valuation of the stock of plots which are under development given the fact that some plots have been sold before the completion of the development of the project. The sale price is uniform for all plots.
see, if it is a personal expense, and you know it, none of it should be included in the expenses unless you can show that it is an expense incurred for business purpose. This decision should be based on specific expenses. Do not use a random percentage of expenses being apportioned as business expense.
Sir, Assessess running a proprietorship firm personal expenses rs:1,20,000/- lacs Question: Personal expenses including total amount rs:1,20,000/- or 1/15 share amount including sole proprietorship in itr.
As per available data, I presume there is no relevance of the subdivision with earlier khasra numbers. In that case you can take average purchase price for the capital asset retained, provided the same remains to be agricultural in nature. Otherwise take market value as on the date of conversion and offer capital gains for that land too.
I am running a jewellery business and my blood relative is willing to gift me Rs.6L. From income tax perspective should I receive the money in Current account or Savings account. Why?
CAclubindia
