dear sir whether may client has sales of 500000 credit and cash sales 50000
in this case both sales are consider in sales.
1)500000 * 8% = 40000
2)50000*6%= 3000
income to be decalred 43000 whether it is correct.if there is cash sales only (1) option to be decalred.

my income tax refund for the A.Y 2011-12 is pending and online status of ITR showing "Transfer to AO" is e-nivaran facility useful for refund clearance?

Dear Friends,

I have come across from many students telling that CA Final group 1 is more complicated than group 2 . Is it so ????

Hellos Experts,
My question is that a tour operator who is provide hotel booking, site seeing, flight booking, transportation booking services.
Whether he can issue invoice only mentioning his service charges and pay service tax @ 15% on such charges. And issue separate challan for all his cost for reimbursement from his client.

Please do reply

In case of partnership firm what will be the treatement of TDS deducted by the firm of clients?

I am an Arts graduate then I have passed MBA(HR & Marketing). I am an authorized person to maintain GST . also I can work for tax consultant and submit return various companies. Kindly cooperate me. .

I have following quries(assume implementation of GST on 1st July 2017)(Trader-Not Manufacturer)
1) Suppose I am having stock in hand of Rs.50lacs aprox on 30th June 2017 on which current VAT is 5% but under GST new rates is 18% will I be able to get any exemption in such case?
2) Suppose I am having clossing stock of Rs.50lacs from which 30lacs were purchased from manufacturer who charges Excise duty and CST against C Form on products in Invoice but till now I am not getting Credit on Excise duty and CST against C Form as I was registered under VAT only. But now will I be able to get Credit of Excise duty and CST against C Form on Stock in hand?

Read more at: https://www.caclubindia.com/forum/input-tax-credit-for-stock-in-hand-for-gst-389214.asp

For calculating tax under MAT should i take 18.5% or the rate given in problem. Kindly help.


Indira K V

an assessee is a retail distributor of sim cards and coupon vouchers of say vodafone .. 1)please guide on applicability of service tax, vat and gst on the same.. and 2) how to show the income of such distributor ? as profit of business or as commission income?

HELLO,

I HAD COMPLETED 2 YEARS AND 1 MONTH OF MY ARTICLESHIP AND THEN STARTED MY INDUSTRIAL TRAINING FOR 9 MONTH AND IT IS GOING TO BE COMPLETED ON 2ND JANUARY, 2018. SO AFTER COMPLETING MY INDUSTRIAL TRAINING OF 9 MONTH AM I NEED TO REGISTER WITH ANOTHER CA FIRM FOR 2 MONTH BECAUSE MY TOTAL ARTICLESHIP DURATION WILL BE 2 YEARS AND 10 MONTHS? OR MY 9 MONTH OF IT WILL BE OK?