Kollipara Sundaraiah
17 February 2022 at 15:09

Tally entry passed question

Sir,
A Gst registered cloth business Dealer sales of goods to customers different types of mentioned below.
1.cash sales of goods to customers for cash mode
2.cash sales of goods to customers for sweiping machine mode
3.cash sales of goods to customers for UPI mode (Google pay and phone pay and paytam etc mode) amount received from customers
Question:
A Dealer sales of goods to customers above mentioned different types of transactions which Accounting leader names create and accounting entry passed procedure for tally software used person.


ghosh
17 February 2022 at 14:59

Residency test

A person is resident if he stays 182 days in India. Can a person stay outside india on tourist visa to become nr . or had say 160 days of work outside and rest 30 days as tourist to become non resident ?


Daya
17 February 2022 at 14:37

On Which Basis Deposit of GST under RCM

on Books Basis,
on 2A Reflected Basis
or 2B Reflected basis for the month of January 2022.


info

Sir/Madam,
One of our clients (Theatre owner) receiving Virtual Print Fees subsidy from Film Distributors. For which, he (Theatre owner) has to issue taxable invoice for income. What is the SAC code of the aforesaid income?
Please provide your clarifications at the earliest..

Thanks in advance..


shinu
17 February 2022 at 13:09

ITC REVERSAL GST

Sir,
One of our client has received a notice regarding reversal of input tax credit .Client is dealing of purchase of taxable and non taxable goods and sale of the taxable goods in the same percent of tax in which they are bought and sale of non taxable good in which they are bought. They are not using taxable input for exempt sale or nil rate sale. They are buying the zero rated and selling the zero rated. Department has asked to reverse the tax .Whether we need to reverse the same.


Ravinder
17 February 2022 at 11:40

Income Tax on Export of Services

Hello
A Indian Company, providing e-commerce services (B2B & B2C), has participated in Food Exhibition at Dubai received membership fee from Indian Companies for supply of Agro Products in India.
The payment is made in US$ in Indian Bank account.
Please advice whether it will be considered as Export services.
If yes, any rebate/exemption in Income Tax.
Thanks & Regard


Deepti Gupta

I have a bill payemnt recepit paid to Godaddy US , with IGST no 9917USA29016OS6 mentioned on it . Is RCM applicable on this . I am not sure if they have charged any gst since i dont have invoice , only receipt . also is tds sec 195 applicable here for import of services .


Pankaj

Sir
I am state government employee working is govt hospital . So every month Rs 1500 fixed conveyance allowance received to meet the expenditure incurred on conveyance in performance of duties of an office. I submit just travelling dairy to my employer but not produce any bill or voucher to my employer. So I received Rs 1500 every month as fixed conveyance allowance.
Then such conveyance allowance will be exempt u/s 10 (14) i ?


Viral Tank
16 February 2022 at 19:29

Land And Building Sales

Respected sir, We are a partnership firm, we have some questions, so please clarify and help us
1- We had purchased factory land Date:- 07/08/2001.
2- We have built a factory building on this land on date:- 29/06/2003.
3- Land And Building Both A/c. are separately in books of account.
4- We have claimed depreciation on the building.
5- Revanyu Advocate will make the deed whole of the building.
6- We don't invest 54 to 54GA

Now, we are selling the factory, Can the cost of construction be merged into the cost of land? or, Can that be shown in the improvement cost? or it should be building cost as per Sec.-50 into depreciation block
Please, Give the guidance for saving the Capital Gain Tax?.
Thanking You


Preeti

hello sirs and madams,
we are setting up an art gallery in our location and for this purpose, we are purchasing furniture, light bulbs, lighting fixtures etc, computer etc. We are also getting GST bills from vendors with our GSTIN number to avail ITC.

I want to confirm if we can claim and avail ITC for these purchases. Kindly let me know..





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