IS there anyone who r Nov. attempt students hyy to all of u
One of my client who has to get his accounts audited, he valued stock at Rs.1800/- instead of Rs.1400/- per bag and thereby he has shown a profit of Rs.3.90 lakhs. Now i told him that he could not value the stock at higher than cost
and he can value the stock lower of cost and net realiasable value.If we value at 1400/- per bag ,the net result will be
loss around 3.00 lakhs.
He is asking me to value at Rs.1800/- per bag but i am objecting to his proposal.
can we value at Rs.1800/- per bag and is it correct.kindly advise.
Hiii
If a person making supply of goods to other state is now exempt from registration if his aggregate turnover per annum is less than Rs. 20 lacs. Is there any change in position after recent 22nd GST council meeting?
Thanks in advance
Is GST applicable on notice pay amount paid by employee.
We have to make working of rcm for july to sep u/s 9(4) which is suspended now or it is applicable from july onwards?
Hello Friends and practicing members, I dnt have the user I'd and password of GST and even I don't have the mobile no and mail I'd to retrieve the user I'd and password.. only I have the GST NO. Can u please tell me how can I exact the user I'd and password of the same. thanks
one of my client filed income tax return (after due date) under 44AD income.
but while selecting nature of business, it was wrongly selected as service sector - other
but actually the nature of business is trading
is there any chance of rectification
still the return was not processed
and the turnover was around 24 lacs
please let me know the consequences
Dear experts, Kindly share your opinion on levy of interest for delayed payment of GST in following scenario: Output Liability : INR 50cr Input Credit availability: INR 37Cr Amount of input credit can not be set off against output liability till the time amount of INR 13Cr is paid in cash. Kindly share your views on which amount the interest shall be payable? Is it on entire amount of INR 50Cr or INR 13Cr? Regards, CA Mohan
I am a retail scrap dealer.we take iron in small quantities from open market with the bill amounts usually ranging from 100 to 10000rs. Then we supply them to the mill. Gst on iron Scrap is 18%. How do I set up my system for Gst?In the case of scrap, goods are produced from houses(scrap cycles to iron furniture)and mill is the last stage . The whole process is inverted. How would Gst work for me? Would I have to give bill even for a purchase of 100rs. Please give details in cases turnover less than 1.5cr.and more than 1.5cr.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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