Incentive is being paid in advance to the employee and then expenses are being booked accordingly.
One journal entry is being passed:

1.Incentive to employee a/c dr
To TDS on Salary a/c

2.TDs on Salary a/c dr
To Bank a/c

Is the above entry proper as per the accounting standards and income tax?

Hello Sir,
i am going to apply for Export Refund on GST FORM RFD-01 A under a option of -Refund of ITC on Account of Exports Without Payment of Tax, there is a Formula for calculation of Refund is-[ Turnover of zero rated supply of Goods & servies × Net Input Tax Credit ÷ Adjusted total turnover ]
In this Formula, i didn't understand what is "Net Input Tax Credit " ? because the Refund calculation base on this, so please tell me.

Thanking You,

One of my client gave his land to builder to construct flat on condition that the builder will provide 2 flats to land owner. Now the builder is asking land owner to give Gst. The builder handed over the flat in last month and the agreement between land owner and builder was made 3years back. Please let me know whether the land owner will be liable to pay the Gst or not.

Suppose i avail service from cab service provider. If that cab service provoder is an unregistered person . If i am registered i am suppos to pay under RCM. But i am not into such cab service business. Then am i eligible to claim input tax credit paid under RCM for cab service availed ?

Dear Sir,

In our business we have one car, which is purchased in the financial year 2015-16. But that time our people has forgotten to recognize the car in the business. Now we found that car recognition in the books is not made. now we want to recognize that car. how can we recognize that.
Note: Car was registered on our company name.

Thanks In advance
Suresh.M

Sir, i want to kow my employer TAN NUMBER to get my form 16 as my employer refuse to give me form 16 and TAN NUMBER. My employer is PRATAAP SNACKS LTD. H/O IN INDORE (M.P). I'm doing my job as HR Executive in Guwahati Branch in Assam.my personal email id is hridaybrp@gmail.com

Read more at: https://www.caclubindia.com/experts/ask_query.asp

Dear Sir ,

We are men power supplier to indian army and indian railway, Now we are going to participate in a tender. Please tell me how we calculate GST ESIC and EPF. On per Person Per Day. Details are following

Minimum Wages-350
VDA----------------09
EPF------------@4.75%
ESIC------------@1.75%
GST-------------@18%

ESI Deduct on Basic Pay + DA OR Gross Salary
Example
Basic Pay 11000
DA Rs 3000
HRA RS 2000
Answer - PF@12% of (11000+3000= 1680 /-
& ESI @1.75% of (11000+3000+2000) = 280 /-

This example is correct or not

Please guide me.
Thanks

my company business is service provided by crane services , one old crane was sale some of amount also received gst amount ,then that amount received amount are gst tax paid or not ,if any provision is there tax liability adjustment actually crane was purchased 2012 ,sale of crane jan 2018,gst tax received in this amount is adjusted for any provision

I am working with Asian Development Bank as a consultant for a period 29-May-17 to 28-May-18 and my remuneration is tax free.
As I am getting tax free remuneration from ADB for FY 2017-18 hence my taxable income is zero, please advise whether I need to file ITR, if yes than how can I proceed.

Regards
R K Bhandari