govt through notification says that no need to pay rcm on supply received from unregistreed person w.e.f. 13-10-2017.
but i want to know whether i have to pay rcmin month of oct for supply received from unregistered person in month of sept 2017.

WE RECEIVED CHARTERED ACCOUNTANT'S BILL TOWARDS
STAT & TAX AUDIT ON 05.12.17, FOR AUDIT F.Y.16-17 ,RS.2500000/-

IN BALANCE SHEET F.Y.16-17 WE MADE PROVISION FOR AUDIT EXP.
AND ALSO MADE PROVISION FOR TDS.

NOW QUESTION ARISES WHEN TDS LIABILITY START .
1) AFTER MAKING PROVISION IN THE YEAR F.Y16-17
OR
2) AFTER BOOKING INVOICE IN THE YEAR F.Y.17-18
3) IS MAKING TDS PROVISION IS MANDATORY

YOU ARE REQUESTED TO GUIDE US

THANKING YOU

RAJKUMAR GUTTI

IGST SGST CGST

SALES NILL 7195 7195

PURCHASE 4130 7328 7328

I TRY BUT display show that offset the CGST credit against the CGST liability first before cross-utilization
show kindly request u sir/madiam plz sulation and step step bye step help me

I have a client who has declared a cash balance of Rs 19 lakhs in ITR-4S for AY 2016-17 but the actual cash balance available on hand is only Rs 2,35,400 on that date- 31.3.2016 such huge cash balance is only becoz of accumulation of balances in balancesheet starting from FY 2007-08. Now he wants to show actual cash balance of Rs 2 lakhs odd after giving effect to drawings and his profit ( 8 % of gross reciepts) in ITR- 4S for AY 2017-18. Can he do so ? will IT Department scrutinise the cash balance will the IT Department ask why the cash balance of Rs 19,00,000 is not deposited during the demonitisation period. if I show the amount of Rs 19,00,00 cash balance for AY 2017-18 will the IT Department penalise for having such huge amount of old currency as an offence- but the fact is that the he does not have cash on hand of Rs 19,00,000 as declared in the return. he has only 2 lakhs odd. how to deal with this issue anybody please guide me. Thanks in Advance Your reply would be appreciated.

Dear experts;

Is it possible to score just 40 in Ca final costing (old scheme) without any preparation & ignoring completely the quantitative techniques.

Please advise me suitably
Thanks in advance

I have a client who rented a commercial property in which head I should classify it.

Dear Sir.,
I'm not understand the provisions of Partnership firm in AY 2017-18...

Please see the following Details for one of our Partnership firm (2 Partners) Details...
Total Incomes (Sales & Services) - Rs. 36,39,500

Total Expenses : Direct Expenses - Rs. 2053500
Indirect Expenses - Rs. 1126000
Depreciation - Rs. 159750 = Total Expenditure Account - Rs. 33,39,250. Total Profit = 300250..

Remuneration not provided in Above said Expenses. Also keep Books of Accounts in my Firm.
Now.,

1. What can I do u/s 44AA for remuneration to partners?
2. How to We file this account without Audit (44AB)...?
3. Is it under Audit or not...?
4. Which amount we pay Tax on Income...?

Thanks in Advance. Please give your Valuable replies...

We are providing the followings benefits to our employees. None of these are part of CTC or employment contract but are as per HR policies.

1) We provide subsidize transportation to our employees for easy commuting between office and residence.
2) We provide free transportation to our employees for their late stay and holiday working
3) We provide free lunch to all our employees
4) We provide Tea & Coffee to all our employees through out the day.
5) We provide free group medical insurance, personal accident and term life insurance for our employees and their dependents.
6) We reimburse mobile and internet expenses to our sales and marketing team, HODS, and support staff based on the bills submitted by them and these bills are in the name of employees.
7) We have provided company maintained car to our Director / CEO for official and personal use and also reimburse fuel expenses and Car Maintenance expenses.

We would like to know applicability of GST on the above transactions.

Thanks & Regards

Sir,
Please suggest whether gst is payable on liquidated damage(as per our purchase order) deducted from vendor's bill amount due to delay in supply of materials by vendor. Regards, Mrutunjay Nayak Asst.Manager-Finance

CMA Mrutunjay Nayak
Asst.Manager(Finance)

Hi Team,

I am pursuing M.Com 1st year from Ignou and I work as an accoutantBut I am little bit in confusion what should i do for my career to escalate.

Please inform me if you have any suggestion regarding this.