Respected Sir,
As regarding above subject, my query is that according to 37th gst council meeting the gst rate on job work has been reduced from 18% to 12% from 01-10-2019 as we are dealing in brass products deriving hsn 74040029.Please reply.

Professional fee invoice of Rs. 1 lacs plus GST @ 18% was received from ABC ltd on 25th may 2019. the same was paid on 05th June 2019? What will be journal entry for same and its effect in profit and loss account and balance sheet?

In clause 16(b) of Form 3CD we have to reflect...
Amounts not credited to the profit and loss account, being, -

b. the proforma credits, drawbacks, refunds of duty of customs or excise or service tax or refunds of sales tax or value added tax or Goods & Service Tax,where such credits, drawbacks or refunds are admitted as due by the authorities concerned;

In my client's case, he received refund of IGST paid on Export of Goods. Same is not credited to Profit and Loss account. Whether same will be reflected in clause 16(b) or not?

Further, any amount reflected in clause 16(b) will form part of Income from PGBP or not?

DEAR SIRS : ONE OF MY CLIENT RECEIVED PURCHASES VIDE E WAY BILL DATED 04-06-2019 WHERE AS THE ATTACHED TAX INVOICE SHOWS DATE AS 29-05-2019.... PLEASE ADVISE ME HOW TO TAKE EFFECTIVE DATE OF PURCHASE IN MY BOOKS...... SECONDLY WHAT IS LEGAL DATE GAP SHOULD BE OBSERVED BETWEEN DATE OF TAX INVOICE AND DATE OF E WAY BILL... REGARDS

I am filing ITR 7 in excel utility provided by department on their website. After completing return, when i am calculating tax in utlity it calculates tax @30% while tax on trust should be as per normal slab rate applicable for individual i.e. no tax upto Rs 2,50,000. I have checked my return for eneted details many times, I am sure that it is 100 % correct then why utility is calculating @30%.
If any one have used department utility for ITR 7 please help me in this regard as soon as possible.
If anybody have faced same problem as before will please give your soonest feedbackso will ractify it.
Thank You

sir i have wrongly uploded 3cb 3cd of individual proprietorship business so i want to revised so which option to be select
1. revision of accounts of a company after its annual general meting
2.Change of law e.g, retrospective amendment
3.Change in interpretation, e.g. CBDT's circular, judgements, etc.
4.Others

Sir,
Kindly guide me method to reduce b/f loss or b/f Depreciation in MAT Calculation if Set off of Depreciation is made in FY 2017-18. whether to see loss from inception again or to look only last years figures after taking set off of depreciation. i.e. Net Carried forward amount after set off.

There is one confusion .Is Gta allow to take Gst input of Commercial Vehicle used for transportation of goods of customer(industrial as well as household goods) and on rental to other Gta as well. if there are paying 12% Gst. Can they take Gst input of that vehicle and Gst paid on insurance.

We have receive a Tax Invoice, whereas mention two type description following bellow.
1. Labour Charges Rs.320920 + GST 18% =3786856.00
2. Service Charges Rs.32092 + GST 18% =37868.00
Total Invoice Value Rs. 416554.00.
TDS amount deducted which type above description items [Either 194C or 194J]

HELLO SIR

ONE OF MY CLIENT DOING BUSINESS OF MANUFACTURING OF MACHINERY PARTS. SO NOW HIS ANY CLIENT (WHO IS EMPLOYEE OF DUBAI COMPANY) PURCHASE SOME MACHINERY PARTS FROM THEM BUT PROBLEM IS HE TELL MY CLIENT TO BILL GENERATE ON NAME OF DUBAI COMPANY. AND MY CLIENT DON'T HAVE IMPORT EXPORT CODE.

SO WHAT IS THE PROCEDURE FOR DOING THIS TRABSACTION AND WHAT IS THE GST RATE WILL APPLICABLE ON IT??