Dear All,

good evening,

we are doing camera rental business in bangalore. actually we will camera for daily rental as well as weekly rental.
for the same we will receive amount immediately in such case weather we have to account this transaction as sales or do i need to pass journal as rental income.

and also we will take some high end camera from other parties like studios & URD persons on rental basis.
the same equipment we will rent to our customer.
here we will pay the amount to URD & studio for rental charges .. how to account this transaction in our books ...should i treat this as purchase or Rental Expenses...and is TDS in applicable for this transaction please advise.

and what is the SAC code for Camera Rental services.

Firewood Is Agricultural Products Sale Purchase Is Allowed In Cash Or Not More Than 10000

Sir,
Due to software error, right from July 2017 to MAY 2018, in one company, while uploading the GSTR1 , most of the customers GSTNS' wrongly uploaded and we also have not checked up. But recently, when the customers are calling and asking as to their bills are not appeared in GSTR2A, then we started checking the data and we found that due to software error, this was happend.
Hence, kindly advise us as to what to do, and how to rectify such errors, all the customers are making lot of pressure and stopped releasing the outstanding dues.

Dear Sir,

can we claim the input tax credit of tax paid on purchase and installed of AC's ( Split AC's) both in the Office and Showroom.

We take contracts from L&T for construction of railway quarters. We have purchased a car for director. Can ITC of gst on purchase be availed? What if the car is used for wholly personal purpose or partly for personal use or partly for office use?
A cess is levied @1% on car's value. What will be the treatment of the cess?

I wrongly file gstr1 with my purchases details how it should be revised

Hi,

As per Central Government vide Notification No. 40/2017 - Central Tax, dated 13/10/2017, no GST on advance received against supply of GOODs for assesses having aggregate turnover up to Rs. 1.5 crore w.e.f. 13th October 2017 & as per Notification No. 66/2017 – Central Tax, dated 15/11/2017 for aggregate turnover above Rs. 1.5 Crore w.e.f. 15th November 2017.

With reference to above Notfn's, If Advance received against sale of Goods is not Taxable under GST, Then is it compulsary to mentioned details of advances received in GSTR-1 Return - 11A(1) & 11A(2)?

Thanks in advance

Manoj

My client has bought one agricultural Land in F.Y. 2017-18, he than converted the same & developed into 18 Plots. He sold 3 plots from the same in F.Y. 17-18 only.

What would be the income tax treatment of the same. Can I show this income u/s 44AD??

SIR,
MY CLIENT GOT SALARY ARRIEAR IN F.Y. 2017-18.
IN earlier year 2015-16 and 2016-17 he not claim LIC in his income tax return.
now when he know that due to arriear he is taxable in f.y. 2015-16. he tell me consider LIC of f.y. 2015-16 as additional deduction in income tax return of f.y. 2017-18 in which he got arriear of salary.

can he cliam lic of earlier year as additional deduction ?

Dear Expert,

We have invited a tea seller to our factory premise and made a contract for supply of tea, snacks and lunch and dinner as well. We are not receiving any rent by that tea seller as well as we are also not providing any material but we have a written contract to provide tea and snacks on demand.
Till the date we have not deducted any TDS on payments to such considering supply of goods as well as not providing material to Tea seller, but our internal auditor raised observation on these payments.
However we read all the terms and provisions regarding the same but a technical point is we have contract and not realizing any rent from tea seller.

In the lights of provisions of IT Act 1961, please suggest whether TDS will be deduct or not?