ARCHANA
23 May 2018 at 12:59

Export sales turnover

Sir,

Export sales turnover means including freight or with out freight because Export invoice prepares freight charges also includes

Thanking you


Gst HELP PANEL

Dear Team,
i am a composition scheme Businessmen But Now I am gonna cross the turnover 3.5 cr pr Year. so i want to withdraw from composition scheme from 1 April' 18. but When i submit application via EVC. there is no OTP comes in mobile no.or email. What to do?


Priyanka
23 May 2018 at 12:23

44ADA and Tax audit

a partnership firm in consultancy business having small turnover of 9 lakh has tax deducted at souce by client u/s 194J. is it compulsory to declare profit for such small entity @50% ? they do not have that much profit also. is it compulsory to do tax audit if profit is to be shown under 50% ? plz guide


Bhaven

I filed the form for closure of my LLP with the ROC in JAnuary 2018. Am I required to file the income tax return for AY 2018-19? Also is there any requirement of informing the department about the closure of the LLP?


priyanka arora
23 May 2018 at 12:14

Tax on exempted goods

dear all. please help me out with this query.as we all know a registered person is not required to pay tax on exempted goods either inward or outward. but in case of supplier under composition scheme dealing in exempted n non exempted goods ...is he required to pay tax on output supply of total sales made during the particular period. I.e is required to pay tax on exempted & non exempted goods both...? kindly revert


Omprakash saini
23 May 2018 at 12:12

Gst charged on bill amount or not

Hello,
Please Suggest me that A Supplier is deal in MFG. & Dealers of ST. Steel & Aluminium Utensils, Cooker,Mixers, LP Gas Stove, Cuttleries Items,Gift Articles & Home Appliances and My Company is Purchased goods from this supplier but this supplier did not charge gst amount on the Tax Invoice bill and This Supplier has GST Number. In this case my question is that gst will charge or not on the tax invoice amount.
Thank You


Praveen
23 May 2018 at 11:43

Regarding gst rate

Dear Experts ,
We are manufacturer & purchasing raw material @ 5%,12%,18% & 28% rate from our vendors. GST rate for our finished goods & spares (HSN code 8422 ) are @18%. Now my query is what gst rate we should charged from our customer for goods purchased @ 28% . Can be charged 18% gst from our customer for goods purchased @28% because we are selling goods as a spare for our finished goods. Please guide.


Ashok

I have received a notice under 143(1)(a). This is for a difference in income as under 26as and the filed returns. The difference is due to section 10.deduction which is reflected in Form 16. So I would like to respond under "Disagree".

The following are the diff reasons

1) HRA, 2) Fuel Reimbursement 3) Telephone expenses reimbursement 4) Children education allowance and 5) Conveyance allowance

Need help I cant find under which sections i need to mention 2) and 3) above. Rest are clearly specified.

Need professional help please



Anonymous
23 May 2018 at 11:13

Sales and itc turnover gst3b

I submitted gstr 3b for the month of april-2018 in the process of submission we set off tax liability and paid tax successfully but in preview the sales, itc and exempted purchases turnover not shown in preview of gstr 3b, it shows zero sales,zero itc and zero exempted purchases turnovers. Sir kindly suggest what can I do? it also shows zero figure in gstr 3b



Anonymous
23 May 2018 at 11:04

Operating lease

We have lease agreement with Landlord from Jan 2016 to Dec 2020 having rent of 192,000 from Jan 16 to Dec 16 then 202,000 from Jan 17 to Dec 17 then 212,000 from Jan 18 to Dec 18 then 222,000 from Jan 19 to Dec 19 then 232,000 from Jan 20 to Dec 20.
Total Rent payable for 60 months is Rs.1,27,20,000/-
Average monthly rent is Rs.212,000/-
In F.Y.16-17, Rent equalization reserve was created of Rs.210,000/-
So my question is do i need to create this reserve every year and what is the purpose of creating as i am not giving any advance to lessor i am making monthly payment.
If i have to create reserve this year then will it be Rs.90,000 reserve.
Please let me know wehther it is correct and what accounting entry will i pass .





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