nri is recieved income from indian icici bank from nre account lnterest income is it taxable income. in that income tds is deducted for claiming tds refund for this can they file return

hi we are in to service industry and 100% export unit.
Can we avail input credit on purchases and how?

we have many small small expenses on repairs & maintenance, cleaning material, flowers etc. .. mostly paid through petty cash. the amount is not more than 10k per month , on such expenses also are RCM is applicable.

thanks

pls advise, if a trader whose turnover is less than 20 lakh takes GST number voluntary ( to cope up with problem of transport bcz some transporters are not making delivery of Non GST assessee), does he requires to pay GST even his turnover is less than 20 lakh?

Hi,

GST Applicable on books royalty receivable (copy right) ???

Can anyone please tell me how many subjects can be claimed as exemption in single attempt? in final..only 2 or more than 2?

CAN A PERSON CLAIM TDS DEDUCTED FOR THE PAST 6 YEARS BECAUSE HE IS NOT AWARE ABOUT THE TDS DEDUCTION OF THE PREVIOUS YEAR. HIS RETURN IS BELOW THE EXEMPTION LIMIT SO NO RETURN FILED TILL DATE

Dear All

An indicudual has a business of trading in stationery items. His income is booked under PGBP. He had purchased a vehicle in his own name (in the name of indivdual) during last financial year, tied up with OLA, hired a driver and earned income (actually losses). I basically have 3 questions:

1. Should the losses from such activity (of running OLA vehicle) be shown under Income under the head Other Sources?

2. EMI paid for the vehicle - Is is it a revenue expenditure or part of cost of acquisition or cost of improvement? In case, it is a part of Cost of improvement/ acquisition - will the interest also be a part of the same or will interest be a part of revenue expenditure?

3. In case of sale of vehicle, will this booked under Income under the head Capital gains?

Appreciate your help. Thanks a lot!

Purchased goods from a registered dealer, but Company's (Purchaser's)GST number not given, how to deal with this?

Sir,

Our firm business is related to trading of natural minerals and transportation, whether the purchases made on books,stationery and office essential GST input credit will be available or not? Whereas the stationery and printing purchases are not directly involved in our trading activities.

I have confusion whether the GST credit to be considered or not please provide details with concerned sections and notifications...

1.is gst need to be charged on fright, charged in sales.
2.how to pass the jounal entry for puchases.
Eg. Puchses X good 1000
Fright charges 100
CGST-66 @6%
SGCT-66 @6%
Journal entry for this.
Note: In the said gst amount gst on fright charges is included