I am Individual having warehouses which are rented to a Company. From July17 to March 18 i have issued Rental invoices and received payment in respect of the same and paid GST and filed returns on the same. Now I want to Convert Above rental invoices into Advance Amount on 30-06-2018. What is the procedure to show as Advance which will be adjusted in future.

Kindly help me in this regard

Hello, I am raising one query regarding GST on import of services. Need your help on the same.

One Indian Company has imported vessel from Korea to Gujarat. It has made payment to intermediary/broker located outside India (Singapore) who helped the company to final the deal. Is the company liable to make payment of IGST under RCM or not?

Dear Sir,

When purchaser pay short payment to supplier for bill then whats treatment in GST,
e.g. Taxable value Rs. 35610.00
SGST @ 9% Rs. 3205.00
CGST @ 9% Rs. 3205.00
TOTAL INVOICE Rs. 42020.00
and custmer paid Rs 42000.00 and Rs. 20.00 is kasar and Supplier do not want to pay GST on this types of kasar amount then whats treatment for this types of transactions in GST.

can anyone please assist me with the below query.. Applicability of gst on website building and online marketing..?

One of my client has purchased building for Rs. 95 lacs and had deducted tds and paid balance the amount to the builder. Now, the builder account is 0. The sales deed was also for Rs. 95 lacs. Now on scutinizing the accounts, it came to light that the property which was purchased - token for purchases was given to the builder by another party ABC for Rs. 10 lacs but ABC couldn't arrange the funds and finally the property was purchased by my client after my client paid additional Rs. 10 lacs to ABC for purchase of the property and getting their NOC. Now, let me know whether i shall get Rs. 10 lacs accounted for in building account ie capitalise the amount or shall book as expense as the same amount paid is no where mentioned in the sales deed.

Please guide as to correct accounting treatment.

Sir,
Kindly clarify that if we missed one invoice of previous year , then is it necessary to amend GSTR1 as well as GSTR3B of current month so as to incorporate old invoice and pay the tax with interest in following month return.

My friend, aged 70 years, he is 100% blind as per the disability certificate issued by National Medical College and L.V.Prasad, Hyderabad. He is staying in a rented house paying annually INR 84, 000/-as rent.The rented house is in the name of his married daughter. He is drawing pension amounting to INR 2,74,130/- p.a. Moreover, his income from other sources (interest income from non-tax saving fixed deposits – as per 26 AS) is INR 3,05,347/- p.a. Therefore, gross total income is INR 5, 79,477/- .
Is the rent paid by him eligible for deduction from income? He does not draw any HRA and he does not have his own house and no income from house property.

Computation of income tax liabilities for the F.Y. 2017-18 relating to A.Y. 2018-19
Particulars Amount (Rs.)
01. Pension income 274,130.00
02. Income from other sources 305,347.00
Gross Total Income 579,477.00
Less, Deduction as per section 80U (Severe Disability) 125,000.00
454,477.00
Less, Deduction as per section 80GG (Rent Paid)
Least of the following
1. Rs. 60, 000 per year (5000x12)
2. Total rent paid minus 10% of the total income
(84,000-45,448) = Rs. 38,552
3. 25% of total income Rs. 1,13,619 38,552.00
Total Income 415,925.00

Tax payable on total income
(4,15,925 - 3,00,000) = 1,15,925 X 0.05
5,796.25
Rebate u/s 87A -
Tax after rebate 5,796.25
Cess 173.89
Total Tax 5,970.14

TALLY SHOWS SUNDRY CREDITORS, DUTIES AND TAXES ON ASSET SIDE OF BALANCE SHEET, WHAT WOULD BE THE REASON???

I have got my GST registration on 22 June 2018. I have started my new business of grocery on 20 june 2018. I will be getting the goods today only. I had registered for gst only because,i am planning to sell it to other states,through online. I dont expect a turnover of more than 20 lakhs for my business. Now my query is

1) Do I have to file a return for the period ending on 30 june 2018?

2) Do I have to file gst return every month or only on every quarter? what are rules for this? whether to file monthly or quarterly is our choice?

I have filed return for my company after due date. I am having a business loss of Rs.56255/- during the AY 2017-18. Due to late filing of return i can not able to carried forward the above loss. But at the time of filing of income tax return the loss carried forward to the the next year was automatically displayed in my return. I cannot able to make correction in the field. Now i am received a notice u/s 143(1)(a) of the Income tax act with error descripttion "In schedule Part BTI, Taxpayer is carrying forward current year loss which is not allowable as the return is filed after the due date Rs.56,255/-" Please suggest me where to disallow the loss in ITR for not carried forward