Dear Experts,

One of my client issued Tax Invoice of Rs. 1,18,000/- on dtd. 09-04-2019 & issued
E-way Bill on dtd. 12-04-2019 (50 Km. valid upto 13-04-2019) and mentioned invoice
details as well.

Is the above transaction / supply is correct or any violation of law?

Please guide, its very urgent.

Regards,

Rakesh Sharma

PURCHASED MOTOR CAR TYRE . MOTOR CAR IS USING OUR MANAGER FOR GOING TO OFFICE FROM HIS HOME.
MOTOR CAR CAPACITY IS 5 PERSON INCLUDING DRIVER.

MY QUESTION IS CAN WE ARE AVAIL GST INPIT CREDIT ON PURCHASES OF MOTOR CAR TYRE.
IF NO PL. SPCIFYSECTION & REASON

REGARDS
RAJKUMAR GUTTI

Can I draw in cash weekly a sum of Rs 10,000 for my home expenses out of my business income ? Whether may be some income tax issue on such drawings ? Please guide me and oblige.

Dear Sir,

In Private Limited company the Audit Fees Provision can pass entry with GST or without GST. The payment of audit fees to be paid in Oct-2019 after completion of audit & return filed. The auditor issuing bill of audit in month of Oct-2019.
The Audit Fees is 50000/-without GST charged and with GST amount is 59000/-.


Second query is the company purchased a car for value of Rs.8,83,594/-in month of March-2019.
The Party issue a bill taxable value 609375/- and CGST,SGST---170625 = 780000/-
GST-CESS-17%--ON TAXABLE VALUE--609375/- CESS IS 103593.75.
Any TCS on Motor Car Purchase.

Please advise me how to make the entries in books of accounts & GSTR-3B & GSTR-1 Return.

Thanks & Regards
N Kadam

One of my client has received advance receipt of rs 180000 (200000 /- less 10% TDS ) in Dec-18 . So what will be the effect of this advance receipt in GSTR-1 & GSTR-3B of Dec-18 and what will be the amount whether 180000 is to consider or 200000 ?

Dear Experts..i want to know that if someone having business of restaurant under Composition Scheme and foods are delivered through booking on App by Swiggy. After every week Swiggy sends Bill of Service Fee they add GST 18% (CGST9% and SGST9%) on it. My query is that can we take claim of 18% GST chagred on Service Fee to set up liability of GST on total sale of quarterly under Composition Scheme? Or is there any other Bill we should ask for from Swiggy?

Thanks in advance

Respected sir

we have started business of app the features of same are as under:-
we are in the business of promoting goods and service by distributing coupons , promoting the goods & services through discount card programs .
Revenue for our business are as under:-
first of all registration will be done for business man as well as customer they can used our app as follow:-
THIS DISCOUNT COUPON ARE USED FOR PURCHASING VARIOUS THING ON WHICH BUSINESSMAN OFFER DISCOUNT THROUGH OUR APPLICATION WE ARE NOT RELATED WITH BUSINESS OF BUSINESSMAN

Revenue for our app will be as under :-

issue :- RS.1
redeem :-Rs.25

For new business 30 days free offer for issue as well as redeem

when any customer redeem any coupon , loyalty bonus of 20 points = Rs.20 Will be credited to customer account
when any customer have balance of 500 points , they can make the payment by 500 points only for purchase of item worth Rs.500 & no cash required
that 500 points will be credited to businessman in form of Freedeem cash A/c with 5% extra for ex. iff customer redeem 500 points , businessman will get 525 freedeem cash
that can be used by buinsessman in two forms :-

1) they can topup their prepaid account
2) they can ask for payment from us within 7 days we will make the payments

If businessman make installation of Freedeem App to new customer wallat balance of rs.20 will automatically increase of that businessman
If any custommer refer freedeem app to other new customer 10 royalty points will be credited to his account


I want to know how accounting will be done for all above transaction ?
what will be nature of business of our app considered for gst purpose?
all amount showan above are inclusive of gst then how gst would be calculated and what percentage will be gst for all above transaction?
please guide on the same IT IS URGENT
ANY TDS LIABILITY WILL ARISE FOR THE SAME PLEASE GUIDE

thanks & regards
CA jignesh daiya

Dear Experts..i want to know that if someone having business of restaurant under Composition Scheme and foods are delivered through booking on App by Swiggy. After every week Swiggy sends Bill of Service Fee they add GST 18% (CGST9% and SGST9%) on it. My query is that can we take claim of 18% GST chagred on Service Fee to set up liability of GST on total sale of quarterly under Composition Scheme? Or is there any other Bill we should ask for from Swiggy?

Thanks in advance

DEAR SIR

WE NEED SOME CLARIFICATION FOR FOREIGN CURRENCY ACCOUNT RELATED

1. WE MAINTAIN THE BOOK FOR FOREIGN CURRENCY IN INR ACCOUNT.
FOR EXAMPLE.

WE RECEIVED $ 50,000/- @ RS.68.35 = RS.34,17,500/- FROM CUSTOMER
AND CONVERT THE FULL AMOUNT IN $ 50,000/- @ RS.69 = 34,50,000/-
WE ACCOUNT IN TALLY HOW TO ADJUST THE DIFFERENT AMOUNT IN TALLY.

I bought a flat which was under construction till end of 2018. We took a loan from bank. Flat is in joint name with my husband but while applying loan I was not working hence loan was sanctioned to him based on his salary slips.
Property was registered in the month of December 2018. Also the loan account was closed subsequently in the month of January 2019.
Now the property is leased out and I am receiving rent income.
What are the tax implication?
1) Whether i can avail tax benefit for interest paid on housing loan? In how many installments can i claim.
2) I am staying in rented house so whether i can claim HRA?