Hi  Everyone ,

Pls advise on this. 
Is it compulsory to apppoint first auditors for Pvt Ltd Company in first board meeting by Board of Directors (within 30 dasy of incorporation) ? If not so , Can shareholders  appoint first auditors  ?  
Note : DIRECTORS AND SHAREHOLDERS ARE ONE AND THE SAME in above mentioned Pvt Ltd Company  ( There are 2 shareholders who are also directors).

Need to know which amount to be taken as purchase in import invoice generated by supplier or the value of goods taken by custom dept as gst taxable amount on which gst is calculated if gst taxable value is more than import invoice value

WHILE DOING TAX AUDIT FOR THE YEAR ENDING MARCH 2018 WE HAVE COME TO KNOW THAT WE HAVE FILED EXCESS SALES IN GSTR-1 DURING THE PERIOD FROM JULY 2017 TO MARCH 2018 BECAUSE OF WHICH SALES AS PER THE TAX AUDIT WILL MISMATCH WITH THE SALES AS PER GSTR-1. PLEASE GUIDE ME WHAT TO DO NOW ? THE CLIENT TOTAL SALES IN IN CASH AND IS 100% RETAIL SALES / COUNTER SALES. AS THERE IS NO PROVISION OF REVISED RETURN IN GST. PLEASE GUIDE ME AND OBLIGE.

Dear Members,

Assessee is an employee of Goverment of India Enterprise for last 37 years and still serving in the said sector, He is regularly filing his Return of Income by showing income under the head salary, Annual Salary of Assessee Total Income (after deduction Under Chapter VI-A) as per Form 16 comes to the tune of Rs.7,98,270.

Assessee was in receipt of notice U/s.143(2) of the Income Tax Act, 1961 regarding cash deposit during demonetization period F.Y.2016-17 showing cash deposited during demonetization period Rs. 12,47,500.

You are requested to guide me that a Salaried Employee of Government of India can maintain cash on hand and can a Assessing Officer treat his cash on hand as Income From Undisclosed Source?

Hi,
Tds is short deducted by us wrongly and we have filed tds return. now we have received demand notice for short deduction,we have paid that amount using new challan. now how we can revised old return to enter correct deduction and how to add new challan?

Hi Experts,
As we know, on following TDS on GST is not required:
When supplier and place of supply is in the same State and the Recipient is registered in another State

How to determine if the service provider's location is which state in below case:
A Ltd. has registered office in Bangalore. It has got a contract in Gujarat and company has taken registration of GST in Gujarat (at rented office address). A team of around 50 persons working from Gujarat.

Pl. do advise.

Thanking you in anticipation.
Ramesh

PURCHASED FOOD ITEMS LIKE grains and pulses EXEMPTED ITEMS AND TAXABLE ITEMS FROM UNREGISTERED PERSON
TAXABLE VALUE WHERE TO SHOW THIS TURNOVER IN 3B

I HAVE SHOWING EXEMPTED IN (5) VALUES IN EXEMPT INWARD SUPPLIES IN 3B

WHAT ABOUT TAXABLE INWARD SUPPLIES WHERE TO SHOW IN 3B

Dear sir,
We have received order from Customer who is located in out side India for supply of equipment at Germany. We intend to purchase the equipment from Germany and supply to Customer directly from there. Germany Company will bill to our company in India and inturn , we will bill to Customer located outside India.

I would like to know the GST impact on this transaction and please suggest these entry mentioned or not in GTR-3B or GSTR-I.

I had a query regarding filing of revised return of a charitable trust registered u/s 12A...In original return I made a mistake of not filing audit report along with return and had shown interest income as dividend income by mistake....Total Income after exemption u/s 13 is 212430 on which tax amount should be 0...but in Java utility it is showing tax at normal rate rs 63729...What could be the posiible reason?
Thanks in advance.

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Dear Experts,

Asssessee is an employee of Government of India Enterprise for last 37 year has deposited Cash during demonetization period received Notice U/s.143(2) of the I.T. Act,1961 for A.Y.2017-18.

Annual Salary after deduction interest from U/s.24 self occupied property as well as Deduction Under Chapter VI-A comes to Rs.7,98,270 during demonetization period.

Assessee is regularly filing his Return of Income as per provisions of the Income Tax Act, 1961 in accordance with provisions of the Income Tax Rules,1962.

Can a Assessing Officer Treat as Income from undisclosed sources.