We have made payments to a party on which TDS was to be deducted @ 10%. TDS was not deducted and full payment was made to the party since April, 2017 to August, 2017.How will we calculate interest on late deduction and late payment if payment was made on 17th April, 2017 and TDS deducted on 12th September, 2017 and the payment of TDS also made in September, 2017. Also explain whether interest on late payment will be calculated from the date of deduction that is September,2017 or from the date the TDS was required to be paid that is 07th May, 2017.
Pls clarify the above
Thanks & Regards

While I am preparing P&L, Balance Sheet. i have one doubt. Whether Sales and Purchase value includes Vat/cst/Gst amount also or only Gross value of that Purchase or sales?

Sir,
It is mandatory to make bill partywise against rcm basis. I taken service of professional worth Rs. 5000/- & also paid against office rent Rs. 6000, purchase from urd worth rs. 4500 on same day. Then how many bill will make , total 1 bill or 3 bill ?

Hello,

I work for a Trading company, we have taken CC limits from the banks @ 12.00% 3 years ago.

I have a query : when the interest rates on Home Loan and subsequently on savings account & FD's have been slashed by the government. Is there not reduction in the rates on borrowing funds by way of LAP, CC Limits and other loans.

Dear Sir/Madam,

What is the due date for GST Payment for the month of Aug 2017 ?

Dear All,
Please share details regarding the wholly owned subsidiary companies, and share the supporting documents.

one person registered on GST on 11/09/2017 under Composition Scheme then Turnover from 11/09/2017 to 30/09/2017 or whole Quarter turnover (July to September) are required to show in GSTR4 return oe not ????

plz suggest me the solution for wrong entry of ITC IN GSTR-3B

Is the limit of Rupees 5000 from Unregistered person per day allowed in Case of ccomposite dealer also. Kindly help me out.

Can a retailer of tobacco products eligible for composition scheme