Sir,
We have purchased one motor cycle for business purpose. Can we claim ITC and deprecation on the Motor cycle
Please advise

I paid a sum of Rs 100000/- to my contractor as advance. But not deducted TDS.

Wanted to rectify error how much TDS to be deducted and deposited and what will be the accounting entries passed.

Please suggest

Respected Sir

Whether there is TDS on cash drawing also ?

What is the limit of cash drawing fully exempted from tds ?

Whether such TDS is refundable ?

Please guide me and oblige.

Whether Private hospital eligible to register under MSME scheme of Government.
If yes what are the conditions
If no whether it can be converted into MSME.

what is gross salary for professional tax . net salary + employee contribution+ employer contribution. it is right or wrong.

sir if USA party going to Approach for Supply to Party A and Party A apporach for supply to party B & Party B is taking Advantage of Advance Authorisation Scheme.
After receiving Goods From Party B & Before Exporting the Goods Party A process the Goods received from party B and then Export the goods to USA. in that case will it also be treated as export for party B.


second Q is this what is the process to be followed to treat export for party B

Dear Experts,

Please advise on the below.

I have purchased furniture for my business in year 1 and taken full ITC. In year 3 I am no longer using it and I gift it to my brother. Will I be liable to reverse the ITC to any extend?

Thanks in advance.

Hi,

I am a travel agent.

How to create credit note for Air Ticket. Need to give to the traveler.

For example.
We have issue air ticket with Rs 32,485/- (This amount is with 18 % gst on service charge. Our net amount is Rs 31,895. We put service charge of Rs 500. So final amount is 32,485 = 31,895 + 590 (500+18%)

And we get credit note of Rs 29,605/- from airline for same ticket.

Is there any gst will charge on credit note?

Regards,
Divya.

Dear Experts,
During FY 2018-19, my one of the client (service receiver) has deposited CGST and SGST on RCM basis on GTA for all GTA Services received by him. Now on checking of liability summary as provided on Portal, some liability also displayed for IGST which were already paid by him as CGST+SGST. Please suggest what to do.

MR.X PURCHASED STOCK OF RS 2LAKH IN JAN25, 2018 (COMPOSITION SCHEME). ANNUAL RETURN FOR 17-18 FILED ON 31 JULY. HE OPT FOR NORMAL SCHEME ON 25/12/2018. STOCK PURCHASED ABOVE LYING UNSOLD ON 25/12/2018. CAN HE CLAIM ITC ON SUCH STOCK????