Working capital Management - Receivables management - calculation of Investment in Debtors formula = cost of sales * credit period / 12 but in few sum calculation - investment in debtors instead of cost of sales. they take sales value. i don't know why ? any one answer me please

Dear Sir/Madam,

I am doing start-up business of ready-made cloths selling through e-commerce portal (Amazon,Flipkart etc.). My turnover under 20 lakhs.

In this case GST is mandatory or not.

Can I trading as unregistered vendor for e-commerce portal.

Hi,

I wanted to understand, which is less income tax deduction, Consultancy services or On role job services ?

For eg. I have been paid Rs.50,000 (plus GST) as consultancy charges to me as a consultant or a job holder ?
Since for a given eg above, for consultancy services TDS may be 10% while for job it is in 3 slabs of 10, 20 and 30% and benefits of tax savings is also separate for both.

Please give me a general and approx. ways and which is more beneficial ?

Thanks and Regards
- Hari

Sir,

Yesterday I had completed my GSTR1 for the month of Jan 2020, but by mistakely Value less entered, return filed. Amendment will be done at february GSTR1 Return, its effect my seller due to new rule ITC

Please guide me my seller take full ITC because next month I will amend the values Thanking you,

Exempted sales of 2017-18 declared in GSTR-3B of April to Sept.18(2018-19) in GSTR-9 which table we can show this exempted sales. In GSTR-1 this sales already declared in 2017-18 So in GSTR-9 exempted sales shown in Table-5(D) whether it is correct or not pls reply

Dear Sir

What is rules for E-Invoicing?
What is limit?
When is applicable?

Hi,

A service is provided in Chennai for a company registered in Bangalore.

The service provider has issued a invoice with CGST & SGST (Intrastate) and filed his GSTR as IGST (Interestate).

Based on my GSRT2A, it is showing as IGST, can I claim the input credit.

Thanks in advance for the advise.

Regards,
Nagabushan

Stay order for paying Rcm Gst on import ocean freight has been granted
by Gujrath Highcourt on 23.01.20. ( Mohit minerals V/s UOI )

In above case Rcm gst is paying or not on Import ocean freight.

Please guide elborately

Hello Experts,

My current company import vehicle items but the same are charged @ 28% GST however , when the same goods are sold in the local market the goods are sold @ 18% GST. How can we manage the same in Tally. Because when the ledger is created in Tally we would create the at 28% but while selling we are required to charge 18%. How can we sort the same?

My client had wrongly claimed excess ITC in 2017-18 but failed to reverse in 2017-18 & 18-19.But till December 2020 my client has filled GSTR_3B.Can i reverse the excess and pay the difference in cash OR File the January 2020 return as it is OR reverse excess ITC using DRC 03 Voluntary payment???