Dear Expert,

I am accountant in cinema theatre, we have not crossed turnover limit in FY-17-18, our business is below 20 lakhs in FY-17-18 now we want to cancelled registration wef 30.04.2018, as per GST portal i have not found option in GST cancellation application form, can i choose option for cancellation is other & specify in remark ( As turnover limit not crossed in FY-17-18), please guide me.

Thanks & Regards

I want to adjust the loan of a staff against 1 month salary. So how the entry show come?
Eg: If
Basic salary is 40/_
HRA is 20/_
Other Allowance is 20/_
To Salary Payable is 40/_
TO PT is 5/_
TO staff Interest is 5/_
TO Staff Loan is 30/-

So now how the full amount of Salary Payable will get adjusted against Staff Loan?
Can anyone plz help me to pass the Entry

Respected Sir,

Whether should I wait or should I file GSTR-1 NOVEMBER 2019 as I have heard that certain changes are expected in GSTR-1 form ? Please guide me and oblige.

Dear Experts.,

    I'm a composition dealer. I missed sales values Rs. 7 lakhs in FY 2019-20. After that i found the value.

Now, I will add the missed value in Jul-Sep2019 GSTR CMB-08.



Can I add the value with interest?

or

any other solutions?



Please give solutions it's urgent..

Good afternoon sir/ madam,

An assessee being a Doctor carrying on Medical Profession as well as Trading activity. In the Financial year 2018-19, the assessee is having turnover of Rs. 58,00,000/- from trading activity and Gross Receipts Rs. 48,00,000/- from Medical Profession. The Aggregate of turnover/ Gross receipts is Rs. 1,06,00,000/-.

In the Asst. year 2017-18, the assessee has opted for Presumptive Income and later on in the Asst. year 2018-19, the assessee has opted out of Presumptive Income by declaring profits above 8% in case of business having turnover Rs.38,00,000/- and profits above 50% in case of Medical Profession having Gross Receipts of Rs. 49,00,000/-. Thus the aggregate Turnover for the Asst year 2018-19 is Rs. 87,00,000/- .

Does the assessee is required to get his books audited for the Assessment year 2019-20 where the aggregate turnover exceeds Rs. 1 Crore.

I have filed return of one of my client having income under section 44AD (T/o was 1.5 cr); there was also capital Gain so we filed ITR 3, Since Section 44AD doesnot require P&L we have not prepared the same.
But now I have received the notice u/s 139(9) having error as : "Tax Payer has claimed gross receipt or income under the head “Profits and gains of Business or Profession” more than Rs. 1 crore; however, he has not filled Balance sheet and Profit and Loss Account and has not got the books of accounts audited."

Kindly provide me the solution for the same.

Thanking in advance.

Dear Experts for appeal CIT 1 how to follow rule 46a of income tax, what process doing for this content, please provide me any format, drafting for this. Advance Thanking you.

Hello CA experts,

I had bought a flat in Trivandrum in Aug 2018 . Then the GST was 12% for residential flat .

However in April, GOI revised the GST of residential flat to 5% and my builder switched to 5% rate. I have been paying the rest of payments with 5% GST.

I have made almost 60% of my payments with 12% GST. .

Now the flat is about to be handed over to me .

The builder has informed me that I will NOT get input tax credit for the the payments I made with 12% GST since they have shifted to 5% GST and hence GOI would not be paying the Input tax credit.

Kindly let me know if I am ineligible for Input tax credit for the payments I made with 12% GST .

Thanks

I am an local cable operators (LCO). I am liable to get registered under CGST even below 20lakh turnover. Unfortunately I hadn't registered yet. And also missed my transition opportunity. So fresh registration is only option. I supply only to unregistered person. My question is after registration. I have to file for all previous month starting from june2017.

Can any body explain circular no. 72/46/2018 for returning of goods becouse of time expired of goods.
i am trader purchase medicine 100+18 and sold to next retailer 120+21.6 now sometime retails return me goods throw a credit note of rs 120+21.6 and i return goods to manufacture at 100+18 credit note.
II SITUATION : Retails return goods with no gst credit note of rs 120 so i return goods to manufacture ar rs 100.
what ITC I need to return in both the case.
HOW TO SHOW THESE TRANSACTION IN BOTH CASES IN GSTR-3B.