Hi,
Supoose Mr. A has started business with capital of Rs.1 Lac and invested in purchasing stock for his shop.
He almost invested his capital in purchasing stocks only. How record this entry in balance sheet.
As liability side is showing greater amount than assets side.
PURCHASE 200000
SALES 230000
CLOSING STOCK 48000
MISC. EXPENSES 39000
NET PROFIT 79000
OTHER INCOMES 40000


CAPITAL 100000
FURNITURE 15000
CASH 31000
NET PROFIT 79000
CLOSING STOCK 48000
DIFFERENCE 85000




WHAT IS MISSING IN THIS BALANCE SHEET , PLEASE SUGGEST ...

Hello dear experts,In Gstr3b tax free purchases amount is wrong filed and March return is also filed so can I correct it in Annual Return GSTR9C ?

My father sold a property in July-18, He died in Jan-19, some part of consideration recd from property was distributed among 3 brothers & mother ,
q- Can I file return on his behalf as legal representative , ( I am the youngest son)
q - Can I buy a new property in my name as legal representative and claim exemption under long term gain
Kindly clarify
Regds
Ramesh

My query is that if a lady is in government job and she gift the 150000 to her husband and her husband deposit the amount in PPF account and his husband is eligible to deduct the amount in 80 c and this is not violate any law of income tax or not Please guide.

Hello,
If person has surrendered his GST Reg. in FY 2017-18 and turnover during that period exceeding Rs.2 Crore in that case whether he is liable for GST Audit ?
If Yes, then how can upload annual return GST-9 and GST-9C as registration surrendered and not able to login in GST Portal.

I want to know the clarity of the concept specified as seed quality in HSN and other than seed quality. what is the exact difference? and I want to know it in regards with Tamarind kernel

A partnership Firm of Auditors having two partners is converted into a Proprietorship Firm as one partner has resigned and left the firm. The Firm was appointed as Auditors by a Listed Limited Company to conduct the Statutory Audit for FY 2018-19. Please suggest whether the Firm will continue to be the Auditors of the company or some other compliance is required in this regard.

We are GTA Service provider, register under GST. We provide GTA service to the Company registered under Factory Act, and the Company which is Service Receiver pays GST under RCM.
While providing service to this company, we also want to hire some Vehicles from other agencies like us which are also registered under GST.
In this scenario what will be the status of us in relation to RCM as we are receiving services from other agencies & same services are being forwarded to the company which is paying GST under RCM.
On this service we would have to pay RCM or not as on the same value the company is paying GST under RCM.
And if we would have to pay GST on the bills of other Agencies from which we are getting service (Vehicle on hire) under RCM.
If Yes, then double taxation would not intervene, please guide us.

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What will be the GST rate of making service in Ladies Tailoring? & what will be the GST rate for sale of Ladies Shalwear & others cut piece.

Please guide me