Experts we purchase scrape and vendor deduct tcs on that bill . We have also sale scrape to our customer and we deduct tcs on our customers bill . Sir when we will deposit tcs . Then can we adjust the tcs amount.
Means suppose
Vendor deduct tcs 100
We deduct tcs on customer. 200
So when we will deposit TCS
then can we adjust tcs amount ie 100₹???

Suppose i have paid advance to purchase capital asset and that advance has been forfeited by seller. Now in the hands of seller it is taxable under other source but am i eligible to claim it as an expense?? If yes then under which section??

In the case of above what if advance is paid for material??

Dear Sirs,

We have registered GST as service. We decide to manufacturing and taking job orders as well as service. How can i add these activities intothe same GST? Please guide me.

D.Ravichandran
Ficus Consulting Services

Can a tax practitioner claim ITC on telephone charge,rent of room,salary given to computer operators ,purchase of computer,a.c installed in his room as he is paying gst @18% on his fees received from clients.

I Have filled all details in e spice form inc 33 same as spice form but following massage came every time at the time of check form-
" please reconfirm that all the information given in the form is as per company record"
please solve my query as tomorrow is last date of name reserved.

Dear all,

We are into Food and beverages business and as its given in GST that one in F&B Business can apply for Composition scheme resulting us to pay GST @5%, but no if we voluntarily want to switch over to regular dealer, then what would be the procedure for it and what would be the consequences with regards to unclaimed Input Tax Credits for purchase of raw material for food and other expenses incurred?

Any help would be great,

Thanks in Advance

Is current account is mandatory for GST reg.and can i use my saving account for business transactions or not(i have a business of car accessories and two,three and four Wheeler parts)and i want to sell my product over e-commerce sites as well as over my shop.

Hi

can any body guide me whether we can issue one debit note for a mistake in " N" number of invoices, Ex: we had issued 10 invoices for a particular party, in all the invoices we had a difference in rate so it we need to issue debit note in order to rectify in this situation we have to compulsorily issue 10 debit notes or we can issue one debit note by mentioning all the invoice numbers, please guide me.

Thanks in Advance

Regards
A V Santosh Kumar

section 269ST of income tax act 1961 is applicable when Partners Introduced cash more than 2 Lacs in during the whole financial year ?

Dear Experts,.
The vendor "A" Ltd brought material from third party ( in this case "B"Ltd) ) and delivered to us ( ZZZ Ltd ) with charged GST @18%.
In this case, A Ltd paid Rs 34430 ( Basic 29178 + GST 18% 5252 ) to B Ltd and Raised invoice to ZZZ Ltd with the value of Rs 43552.57 ( Basic 34430 + Markup 2478.96 + GST 18% 6643.61 ).
The Basic value of rs 34430 has inclusive of GST and again charged GST from ZZZ Ltd. Kindly confirm is this double taxation.?
Note :
Vendor argue that its not double taxation, As per the agreement term vendor will charge for their service that is Landed cost + 6% ( Mark-up / Margin ) = taxable amount + taxes at actuals.
Kindly let me know, What is landed cost ? is it inclusive of GST.? Vendor argument that they have charged GST on total value ( Basic + GST = gross value + markup + GST ) is right.?