SHUBHANSHU USRETE
24 September 2017 at 13:43

Tax on exhange of old jewellery

Hello,
Suppose there is a situation where Mr.A (Jewelery Shopkeeper) & Mr.B (Customer), Mr.B went to Mr.A's shop for buying some jewelery worth Rs.10000/- & he exchanged some of his old jewelery for Rs.3000/- & on billing Mr.A charged tax @3% on Rs.10000/- i.e he collected Rs.300/- from Mr.B in form of tax. But, Mr.B argued with Mr.A that you should charge tax on after deducting Rs.3000/- from Rs.10000/- i.e. on Rs.7000/-.
Who is correct Mr.A or Mr.B ?
Please do reply.
Thank You.!

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Anonymous
24 September 2017 at 13:15

Gstr-1 aug17

Dear Friends,

I am trying to submit GSTR 1 for Aug2017. When i Clicked GSTR 1 Summary tab and after 1-2 mintues waiting i re-entered in GSTR-1 for final submission, message showing like this "The summary displayed as on 24/09/2017 12:48:00.For update click on Generate GSTR1 summary. Then i clicked again on GSTR 1 Summary tab, now message showing like this " Error! The summary was recently generated. Incase of any discrepancy, please try after : 24/09/2017 13:24:16.its repeat again and again.

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Dilip Prajapati
24 September 2017 at 12:13

Sole Proprietary Firm

Hi, Can one individual run or register 2 or more different sole proprietary firms with different names & can get different GST registration for each separately or not.... Regards, Dilip Prajapati

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PRANAY JAIN
24 September 2017 at 10:38

Urgent: cancellation of provisional id

I was migrated from Service Tax to GST and received provisional id and password but i don't need registration, so do i need to create user id and password and login in GST portal to cancel Provisional Id. Whats the last date to cancel provisional id.

Please help !

Thanks

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Gopal
24 September 2017 at 08:53

purchase from farmers

Dear experts I have purchase some taxable goods from farmers, my question is RCM is applicable if I purchased goods from farmers???

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M.M Sachora
24 September 2017 at 03:05

Composition Scheme

composition scheme dealer required to show sale detail in invoice vice in GSTR4 or only upload summary of total sale during quarter????

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Guest
23 September 2017 at 21:11

Vat credit in gstr return.

Is vat credit required to be shown in gstr 3b? Where is vat credit required to be shown in gst returns?

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Sai Tejaswi
23 September 2017 at 20:03

Input credit

We raised invoice in gst but it actually raised in IGST.Vehicle registration at Karnataka.but inthe bill it was wrongly updated in the bill as andrapradesh.so we have got the Gst instead of IGst in the bill.can customer get input amount.this vehicle is in Firm registration.

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yash jain
23 September 2017 at 18:07

tax to be paid under RCM

Sir, i want to know that if my expenses on a particular day are 1000 for petrol, 500 shop exp. , salary 3500, labour charges(hammali) of 525. Then should I have to pay gst tax through RCM basis on expenses under the head shop expenses and hammali.

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Anonymous
23 September 2017 at 14:29

Petty cash expenses

As you are kindly aware there is much time consuming activities by Accounts staff by staff was in making the Petty cash entries for every expenses in Tally debiting a party name and passing Purchase entries for every voucher. In this regard since the entries are getting delayed, I have prepared the date wise and summary entry for the whole month and based on the summary entries made a petty cash entry and also 4,5 Purchase entries for the GST related expenses. Kindly let me know the advantages and disadvantages in preparing consolidated petty cash statement for a whole month and accounting it on the last day of every month.

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