Greetings of the day !

I need clarification on below Issue :

M/s ABC (registered person) purchased goods from M/S XYZ (registered person) before January 2017 (suppose in November 2016) under VAT regime.
Now M/S ABC are returning said goods in November 2017 to M/S XYZ and issue Debit note with GST taking existing rate of GST (Let Value 100,000/- and GST 12,000/- = 120,000/-), while M/S XYZ is not considering GST amount and issue Credit note (Value 100,000/- GST- Nil).

1. Whether the above entry in the books of XYZ is correct ?
2.Whether the above entry in the books of ABC is correct ?
3. Whether M/S ABC is required to pay GST (INR 12,000/-) from own pocket ?
4. Whether M/S XYZ is not entitled to Input Credit of INR 12,000/- ? (I think no, because original sale was made 6 months earlier of appointed date)

can some one tell me how to account news paper papering press running what about sale of paper of daily and purchase


regards

WHAT ARE REQUIREMENT FOR RETUEN IN CASE OF COMPANY HAVING LOSS.
BECAUSE THERE IS NOT TAX AUDIT.BUT ITR 6 IS TO BE FILED.
FORM 3CA-3CD IS TO BE FILED

UNABLE TO PAY MONTHLY EPF CONTRIBUTION AFTER TRRN CREATION; TRRN 2031712000032 DATED 01 DEC 17

Dear Sir,
While making ONLINE payment for Nov 17 ,I could not succeed as SBI did not appear and I landed up under SBI Aggregator .Thereafter Even after clicking on "VERIFY" on LOCKED CHALLANS" , I could not proceed further to make online payment.

Please help.

sS K VIG

Mohan started business with Rs. 10,000.00 cash and Rs. 2,000.00 furniture. Sales amounted to Rs. 50,000.00 including Rs. 5,000.00 cash sales. Rs. 10,000.00 sales were outstanding at the end of the year. Purchase amount* to Rs. 30,000.00 including Rs. 10,000.00 cash purchases Rs. 15,000.00 has been paid to creditors. Expenses paid during the year 19,300. Trial Balance total will be

Please explain the Procedure to solve this sum and then give the answer

Dear Sir,

I am doing business.I used to purchase good from X and sold to Y by adding my margin. In this process i am confused about way bills. When i purchase good from X i ask Mr.X to send goods directly to Mr.Y's place. As the goods are delivered to Y's, some of my creditors will issue way bills and some wont. But all the goods value is more than Rs:50,000/-. Later upon time i used to raise a bill for Mr.Y. Now my doubt is : Is there any necessity that i need to give way bill to Mr.Y in this sale process. Please help me out.

Sir , is it necessary in sales invoice to charge tax seperatly ??

Dear Sir,

We are constructing a Check dam in a rural area. For this work we are getting water tanker. The water tanker is belong to a village and does not have the bill. kindly suggest is TDS is applicable in this case and what amount it is exempt.

Secondly we are doing plantation work in city and for this we are getting water tanker for plantation. The water tanker supplier has bill. In this case should we deduct TDS and what amount it is exempt.

Kindly also clarify the rate of TDS if it is applicable.

Thanks & regards

Ravindra Kumar

Hi Friends,

Is still GST is to be paid on advances from customers ? Is there any change now.

Best Regards,
Nagaraju

Sir,
Is there is any resolution required for authorising one of the partners for GST matters so as to attach with AUTHORISED SIGNATORY details in PART B of GST Registration? If yes, please give me the format