mohit pathak
22 January 2018 at 19:48

Invoicing

Hi!

We provide Renting of Immovable property service. Earlier the rental was Rs 1,00,000/- (inclusive of GST) written wrongly in the agreement and we invoiced accordingly i.e. rental + GST = 1,00,000/-.

Now the tenant has agreed to pay the additional GST amount since July but wants GST invoices. No GST return is pending from our side and all transactions are reported as B2C transactions,

What are the ways to enable the Tenant to take ITC on that GST amount?



Anonymous
22 January 2018 at 18:21

Reimbursement entry

Hii mam,
I was asked the following question in my interview:
Mr.X was given rs. 25000 for his expenses during company tour.He spend Rs.35000 which involved Rs. 5000 which he paid using corporate credit card.(note:the corporate credit card was given by the company for official expenses)
Please post reimbursement entry for this case.



Anonymous

Dear Expert

We are selling One product with Free sample as business promotion in normal course of business

my Query 1) Can we take input credite for purchase of this product(writch watch)

Query(2) Whether we have to pay Gst on Supply of Free sample product

Thanking you



Anonymous
22 January 2018 at 17:19

Non deduction of tds

Dear sir/madam

If no tax has been deducted since financial year 2016-17 and even if such expesnse was claimed as business expense in that year without deduction of tds and on this matter no query has been raised by auditor in the financial year 2016-17.But now in the financial year 2017-18 the auditors raised query for this matter.

Then in such case in the financial year 2017-18 it is mandatory to deduct and pay TDS for both year i.e financial year 2016-17 & 2017-18 or it is sufficient if we deduct and pay tax for the financial year 2017-18 only and ignore the tds of financial year 2016-17.


Thanks in advance................


Sonu Khandare
22 January 2018 at 17:03

salary

I have taken housing loan where my husband is also co applicant. can I take deduction of interest 100 % and my husband of principal 100%?


shrikant
22 January 2018 at 16:51

Benefit U/s 54

Assessee has plot of land held for 10years. He is going to construct 3 residential units on the same. Some or all units will be sold immediately. Can he avail the benefit of Sec 54 although building is not held for Long Term period.


JAGDISH KANTIBHAI PATEL
22 January 2018 at 16:18

Shipping bills open at bank

WE ARE MANUFACTURE OF THE CAPITAL EQUIPMENT AND PARTS THERE OF.

WE HAVE SUPPLIED THE PARTS TO OUR CUSTOMER AT TURKEY( IN MULTIPLE SHIPMENT SINCE 2016-17) , FOR WHICH PAYMENT STILL DATE NOT REALIZED.

ANOTHER PART IS THAT WE HAVE TO PAY THE COMMISSION TO SAME CUSTOMER FOR ORDER RECEIVED BY REFERENCE OF THEM, AND THE PAYMENT STILL NOT MADE.

OUR BANKER ARE ASKING FOR CLOSE THE TRANSACTION FOR THE SHIPMENT TO TURKEY.

HOW CAN WE CLOSE THE TRANSACTION ?

PLEASE SUGGEST


Radhika
22 January 2018 at 15:42

Professional tax payment

Hi,

Can anyone guide me on payment of Professional Tax in Maharashtra as an employer?

Thanks in advance


Hiren

company has issued Service Bill for F.Y 2015-16
in the year F.Y. 2016-17 company has reversal the bill
therefore
Revenue from operations for F.Y. 2016-2017 coming Negetive
Where to Show Revenue from operations.
in the Current year there is no new bill is issued so only reversal entry there in the FY 2016-17
Pls. Help.


anshul agrawal
22 January 2018 at 14:57

Dip ifrs

Hello All,Can anyone help me with benefit of pursuing IFRS DIP after completing CA and suggest book that offers detailed knowledge for self study.Thanks in advance!!






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