Dear Experts,

We are doing trading business in very small scale in Tamilnadu. We have both CST and VAT number. Unfortunately we have not filed CST return from the beginning (from 2015). We do purchases from other state, but we dont sell to other states.

Can we file CST return now? Will it attract any penalty? We dont have any CST sales.

Find below the details of receipt from ABC Chit Funds:

Amount due 2000000 (auctioned amount)
GST 15000
Bank charges 1500
Net received 1983500

Kindly provide the accounting entries for the above transaction

The Arthakranti Sansthan has proposed a formula which, if implemented will be the greatest ever reform in INDIAN history. It has proposed to adopt the Banking Transaction tax (BTT). I think as a CA pursing student, it will increase transparency, efficiency and reduces compliance costs. Is the adoption of BTT the way forward for our economy to proper?

Error! GSTR-1 Save/Action on Counterparty Invoices/Submit are not allowed for current date, Please visit https://www.gst.gov.in for details on GSTR-1 timelines. HOW TO SUBMIT

Error! GSTR-1 Save/Action on Counterparty Invoices/Submit are not allowed for current date, Please visit https://www.gst.gov.in for details on GSTR-1 timelines. HOW TO SUBMIT

small private limited company making loss since last 3 years. is it needed to file form 29B?for whom its compulsary to file the form?

In 1992 some shares of quoted Cos were transferred in two cases of death of holder

1. Jointly held - Death cert submitted by Administrator mentioned in Will but not probated and no succession cert.One joint holder could not sign

2. Singly held - Death Cert submitted By Administrator mentioned in Will but not probated and no succession cert

As it is many years ago need your advice please owing to legal issues.

Telephone bills, Electricity Charges Bills, Transport ki LR (Bilty) and there are so many other expenses also as upon which GST has to be paid. Whether to claim the Set-off on such expenses first of all the GST Receiver has to be registered on GST Portal as I have heard something like this only,

If due to ICDS 2 we include VAT and other taxes(for which credit available)in closing stock for tax computation purpose,do we need to create Deferred Tax Asset even for sole proprietorship concerns also??If yes then what will be the tax rate--will it be Avg Tax rate?[derived by (Tax payable/Total Income)]
And even that has been done how will it's reversal be done if in next year different tax slab applicable for that assessee?
please offer your valuable suggestion..

A person having GST no for business of trader in gift articles and now he want to change his business and do the business of trading in readymade garments in existing address whether he required to surrender his old gst no and apply for new gst no for his new business at same address pl advise whether he required to surender existing