Bill issued by ABC LTD to Y LTD for professional services rendered of RS.331200 (including service tax @ 15%), cheque received from Y LTD after deducting TDS.

Kindly guide me about journal entry in the books of ABC LTD & Y LTD.

Regards
Bharti

Dear Experts,

We have a pvt. ltd. company in IT service. annual turnover for fy 2018-19 will be within 2 crore. Should i pay advance corporate tax in 4 installments or can i pay the corporate tax within 31st march in 1 installment? please advice.

Sir
I have filled my income tax return for the p.y. 2017-2018 u/s 44AD. Now in the current year I have made a payment of Rs. 75000.00 to a transporter. Please tell whether I am liable to deduct tax at source? and I have not obtain TAN from the income tax department yet.

What are exempt,nil & not gst inward supplies for reporting in 3 B return?

Our is Ltd. Co. We have appointed few doctors on retainer basis. Is it GST payable under RCM ?

My organisation pays commission to our Sales Team who are not employees but work independently under Multi-level Marketing scheme.

Is the company liable to pay GST under reverse charge Mechanism as these service providers are not registered under GST as their yearly turnover is below the limit.

Kindly help me.

Thanks and regards

Mohanan V P

Dears
what is the tax audit turnover limit for partnership firms for the F.Y 2017-2018 and
turnover means it is INCLUSIVE of TAXES or EXCLUSIVE of TAXES.Please clarify.
thanks in advance
suri

Dear Sir,

I have filed income tax return and paid TAX 11239/-.But i forget to make a provision in books in 31 March 18 so please advise how i adjust Rs .11239/- its partnership form 3 Patner

Please advise

ABC Ltd wanted to construct their building for office use because its doing business on rental building. ABC ltd take architect services for construction of their building. ABC ltd doing trading business. can ABC ltd take input tax credit of architect services which are used in construction of building

Proprietor having a business of Construction.
He owns other assets like House, land, other shares investments. My Questions is when preparing balance sheet all these assets are shown or only that particular business. and if we do not show these assets any tax consequences?

I have involved in tax exempt goods ex. Garlic, onion n our goods supply {sales }state n out of state can we cancel GST registration