Sir , please guide : In the case of Pvt Ltd.company ,, in the year 2016-17 Tax payable as per Income tax is nil but mat is payable. So we have made provision for mat tax as MAT Tax Exp to Mat Payable of Rs. 5000.
we have paid it on 25.09.2017 and passed entry as MAT Payable to Bank a/c of Rs. 5000. How to Create Mat credit now and pass other MAT related entries and present in financial statements.Thanks.

How can i raise capital in HUF?

Dear sir,

If goods are sent for job work , delivery challan is issued. However the same should contain taxable value. How is this computed?

For eg : if 1000 mtrs of material is given for job work and finished goods are received in return , then what will be taxable value? Will it be job work rate ?Eg : 100 rupees for 1 unit?

Please advice

Regards,

Hi One case : Person has a business activity only providing software services in USA (Export of Service), in next two months his turnover will cross more than 20 Lakhs, in previous FY turnover is NIL.... In next year not sure of business.... In this case does this person liable to take GST registration and all compliances of GST being in current FY his turnover exceeding thrash holding limit of Rs. 20 Lacks

Pls let me know in ITR 3 where I put the Remunaretion, Interest & Profit from Partnership Firm.

Hi Can Individual or LLP accept deposits from public like NBFC or banks ?If no, please Share reference for this, I am not able to find anything concrete on this matter. Many thanks !

To
Dear All

I am not clear about whether my service is exempt or chargeable to GST. Kindly guide me proper way in my following situation.
My services is Consulting Engineering (in Civil field) and i am providing Services to mostly Government department viz. Municipal Corporation, Urban Development & R&B Division. And my service is falling under PMAY & HFA as per work order issued.
So i have doubt regarding whether my above services fall under Sr.No.3 of list of exempt service under description of Pure Services provided to the Central Government , State Government or Local authority or a Govt. Authority by way of any activity in relation to any function entrusted to Panchayat under article 243G of the constitution or in relation to any function entrusted to a municipality under article 243W of the constitution.

CAN WE SHOW RS.793000 AS A CASH IN HAND IN BALANCE SHEET ARE WE FACE ANY NOTICE FROM IT DEPT BY DOING SO.

Dear Sir/Madam,

We have a branch in same state with same GST and all account books are prepare by branch itself.
But we want to control all taxes part from our Head office .We are using Tally ERP 9 and we want to show total sales and tax part of branch in our GSTR3B.
How can we pass entries so that the tax part of Branch shows in Head office tally in GSTR3B.Please suggest....

Dear Respected Members, I want to enquire whether a Managing Director of a Company shall be treated as employee of the private Company in which he holds majority of shares. Further, no contract of employement has been entered with such Managing Director. Experts views are solicited.