Resp.Sir,
We Issues two types of Credit note

1. Turnover Discount ( with Scheme amount plus GST)
eg

TOD A/c ...Dr
Input CGST ..Dr
Input SGST ..Dr
To Party A/c

2. Cash Discount , (on time payment by Debtors with amount plus GST
Cash Discount A/c ...Dr
Input CGST ..Dr
Input SGST ..Dr
To Party A/c

My Query is Shall we Charge/Reverse GST in Credit Note.

we have always excess GST Input after adjusting output , But inadvertently some disallowed input claim later when found that it is disallowed as per GST now revert it. Now my Question is that whether we have to pay Interest on Wrongly Claimed Input.

One of my Clients wants to open a new Branch within Same State. Can he maintain separate bill book in Branch office? how to file GST return for branch? please Clarify

Sir,

I want to know the TDS applicability of payments made to the QCI in respect of application fee for first accreditation and fee paid as honorarium. if yes, whether TDS would be applicable under section 194 J or 194 JB (Fee for technical service)?.

Dear Sir/Madam,

We have placed a work order of Rs. 2,39,640/- (Including GST) for an office renovation. Can we be liable to deduct TDS u/s 194C @ 2%.

Kindly advise for the same.

Before taking up an audit CA has to commuciate with previus auditor.

Suppose previous auditor has passed away then what will auditor do?

Whether he can take audit without communication or to communicate with auditor immediately preceeding the previous auditor?

pls answer me.

I want to clarify about TDS for purchasing goods. Suppose my turnover is less than 5 CR in the current and last financial year. And sold goods to one client of RS for 3 CR or more during this year, so my question is. Is it mandatory for my customer to deduct TDS?

Dear Sir/Madam,

I have registered for CA Articleship via "online mode" and my form is approved by ICAI and have started with my training.

Please assist, if I need to get franking or deed on non-judicial stamp paper in online mode of articleship registration or whether it is not mandatory.
Please guide.

SIR / MAM

As per new rule, TDS / TCS is applicable on the value of Purchase / Sales exceeds 50 Lakhs if turnover crosses 10 crores.

My doubt is
Once Paid / Collected in a year, should it be continued to next years also even the turnover less than 10 crores ?
Or
It is applicable only in the year in which the turnover exceeds 10 crores ?

And,
Is it right to charge TCS on Invoice by the Seller ?

Plz guide me
Thanks in adv

What is the exact meaning of phrase" Sales are vanity, Profits are sanity and Cash is reality". I came across this while studying cash flow statement?