A partnership firm with a yearly.turnover of 7.00 lac has incurred a net loss of Rs. 10,000/- during FY 2018-19 before allowing interest/salary to partners. Whether the net loss can be declared U/SD.44AD or Tax audit is mandatory ?

AS PER RULE 6(5) OF VALUATION RULES Value of supply for used goods shall be the difference between the selling price and purchase price . AND section 2(6) says aggregate value of taxable supply is aggregate turnover.Does it interpret that turnover of used goods is selling price- purchase price.If I am registered under composition scheme will this be considered as turnover. (selling price- purchase price).

Can CA act as Designated Partner /partner In LLP Other than CA

Can CA act as Designated Partner /partner In LLP Other than CA

please clerayfy about subjected accounts with commercial banks having CURRENT ACOUNT/CCACCOUNT/OD(LAP)ACCOUNT ,WILL THESE ALL ACOUNTS BE TREATED IN ONE UMBRELLA AS CURRENT ACOUNT OR SEPERATLY.AS PER INCOME TAX ACT-2019 .IF SEPRATE HOW ?

If a registered person has claimed its ITC for FY 17-18 in FY 18-19 for Rs. 100,000 and such amount is shown in GSTR-9 Table 8C and in 13 but while filling such all amount in GSTR-9C in Table 14 an unreconciled amount is showing for such amount because it is comparing ITC balance with Table 7J of GSTR-9.

So, please help me as how should it be shown in GSTR-9 and 9C so there would be no such unreconcilation.

Respected Sir

GST DEPARTMENT:
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We have to check whether the address of our company has been declared as head office or branch office with the GST Department ? How to check on GST Site.

Please guide me and oblige.

Hello,

Whether Unregistered Trust (not registered u/s12AA) can be carry forward its loss to next & same carry forwarded loss can be set off against income of the trust of any year.

Dear Sir,
Our company's land in one state and that land we have given on lease. Started a restaurant at that land and we will get 15% share of the restaurant business of the month.
Right now my question is what will be the rate of GST on this 15% share.

Please, Give us your valuable advice

Thanks & Regards
NK

Please confirm whether GST Rate on services decreased from 18% to 12%. Also confirm the SAC code for 12% tax rate.