Dear Sir/ Madam,

1. What is the accounting treatment for spoiled and damaged goods under GST?
2. If spoiled /damaged goods are sold as scrap, do we need to charge GST in that sale. Please mention section in ACT on this point.

Hi,

I sold my old Flat in Oct 2017 and my taxable Capital Gain from the sale is Rs 6.69 Lakhs.
I have purchased a new Flat in Feb 2017 for Rs 11 Lakhs. I will therefore be claiming Section 54 tax exemption on the entire capital gains since the cost of the new flat is more than the capital gain.
Also I paid stamp duty and registration fees of around Rs 1.21 Lakhs and duly registered the new flat in my name in Mar 2017.

My question is whether I can claim tax deduction under section 80C on the Rs 1.21 Lakhs I paid as stamp duty and registration fees apart from the section 54 tax exemption ?
(Please note that I have taxable Income from Other Sources for the same financial year i.e. FY 2017-18). I do not need to include the stamp duty in the section 54 tax exemption as the cost of the new flat itself exceeds the capital gains.

Regards,
Snehashish

I am a Govt. Employee ,the details about the NPS for the FY 2017-18 is given below:-
1.My i.e.Employee's Contribution ,10% of (Basic +DA) = Rs.90,000.00
2.Employer's contribution,10% of (Basic +DA) = Rs.90,000.00
Now my question ?
1.How much can I claim deduction u/s 80 CCD (1),80 CCD (2) & 80 CCD (1B) respectvely?

When subsidiary declared dividend in consolidation,what is the treatment?

I have been working in UK for complete 2017 and have been paying tax here only.

And have been earning Interest on Fixed Deposits in India, for the financial year 2017-18, can I fill Income tax in India with the income earned via interest?

As the amount is less than 250000, Do i still need to fill the income tax return?

Thanks for help

I created my PPF account in 2011. But for last 1.5 year I have been outside India and have turned NRI.

Can I still invest in PPF while I am out?

If NO, I will be moving to India soon, can I invest in PPF then?

Thanks for the help.

Dear Sir,
It is inform to you that please give me solution f.y.2017-18 closing stock GST Liabilities treatment into Balance Sheet.
i.e GST Liabilities on Closing Stock Cost Value. Please.....

With Regards
Santosh Sales Pvt.Ltd.
Sujit Sasmal
(Accountant)

A PROPRIETORSHIP CONCERN CAN APPLY GST REGISTRATION FOR HIS ONE UNIT MANUFACTURING/TRADING BUSINESS ONLY, IF HE HAS OTHER 3 VARIOUS TRADE NAME OF ANOTHER LINE OF BUSINESS IN OTHER BUSINESS PLACE (ALL 3 UNIT ARE BELOW THRESHOLD LIMIT OF GST REGIM). PROPRIETOR HAS ONLY ONE PAN.

MY QUESTION IS:-
1) GST REGISTRATION MADE BASIS OF PAN OR BASIS OF UNIT (TRADE NAME) OF BUSINESS ?
2) IF PAN BASIS, THEN APPLY FOR ONE UNIT, HIS/HER OTHER ALL UNIT CAN INCLUDE THIS GST REGISTRATION AUTOMATICALLY (DEEMED REGISTRATION) ?
3) IF UNIT BASIS, THEN OTHER 3 UNITS CAN EXEMPTED FOR GST REGISTRATION ?

While Filing GSTR 3B for July 2017 i have missed a bill and i have filed return up to Feb 2018,Can i take entry of that particular bill in March 2018 return

Please tell me there is any impact on the TDS or the GST Ruturns, if the civil contractor's registration gets done in the works contract instead of supply of services.
If yes, what are the solutions