Please inform me if a cash invoice of more than rs 10000 can be issued, (in other words a cash sale of more than rs. 10000 can be validly made) if proper & valid gst has been duly charged in the cash invoice.

I was applying for import export code and in master data it was asked to fill bank details in which i filled my firms bank account no. but i am confused what to type in column of name of bank account holder name. do i have to write name of my firm as printed on the cheque or name of proprietor..

Dear Experts,

Greetings.

I am a Salaried Employee, got salary per month around Rs.1 lakh. Further My company said, to start a business in My Name for small projects for the FY 2016-17.
In that FY 2016-17, Company sent the goods to My office Address and I forwarded to Client. In these Transactions are very low level Margins. I Purchased from Supplier (Salary Provide Company) Rs.20,22,215/- CST 2% of Rs. 40,444/-. Further I sold the Goods to client Rs.2034319 + CST @ 2% Rs.40,686/-.

This is I have done for last year. Kindly suggest, If I not declare minimum profit of 8%, Whether Tax Audit is Applicable or Not? Already I got the Salary and reached the Basic Exemption Limit.

Kindly suggest your valuable reply.

I had a cc limit in HDFC BANK LTD at Ludhiana of 185lakh. I take over my limit to Indus ind bank on 16/06/2017 and Indus ind bank paid all otstandings of HDFC Bank. I deposited interest on outstanding from my own source and requested Hdfc relationship manager for closure of limit and issuance of no dues certificate. Hdfc bank is demanding 2% takeover charges by saying that it's been mentioned in MFA and Sanction letter. Sanction letter says that Borrower is liable to be charged takeover charges of 2% in case limit is taken over by other bank during tenor of loan . In my case tenor expired on 15/06/17 and moreover i refused renewal one month in advance by writing to my relationship manager. Now they are consistently demanding charges and not issuing ndc. Pl suggest what to do. Are charges applicable in case of take over of exposure even after expiry of limit.

Dear sir In a bussiness where goods purchased from one party are sent directly to third party in different state to avoid transport cost.I get the bill from my purchaser and then I raise invoice for my third party. will it be feasible to do this bussiness in GST regime ?How to handle it now in GST?Pl advise

i am a registered dealer from gujarat. i bought material from chattisgarh. the transporter is alsl from chattisgarh. now on the bill of transporter i need to pay 5% gst on rcm. so i wanted to know whether i have to pay igst or cgst n sgst inder rcm. i will also have to raise self invoice for it. can you provide me any sample of self invoice.

Dear sir/Madam,
I had purchased the flat in greater noida for the FY 2011-12 of Rs. 3,75,000/- Than sold the property FY 2016-17 of Rs. 11,00,000/-
I would request you please how much rupees income tax liability in this property.


Thanks

I received form 16 and total amount of taxble salary doesn't give tue effect of HRA . Now if i try to take the benefit of HRA then have to decrease my income which may result in demand by CPC as income would be less shown as comparison to form 16 . I received HRA separately from employer. Csn i take 80 gg deduction as it mentiond that if u dont receive hra then u r alow to take deduction . Please help asap

Can anyone please advise me from which book should I study Auditing and Law for Final

Respected Experts

I Fill the online form of CA Foundation Course Correctly in 2-July-2017, done the payment and i receive the mail in my id from ICIA immediately , it shows my whole form Details that i fill in it. but sir now the date is 20-July-2017 but i cannot receive any type of letter, Books etc. From ICAI.

Respected Experts i want know why it happens. and is this problem Arises to me or it is late from icai side.